Selling Gold Bars

Frequently Asked Questions

1. QUESTION:
   How,Where and Whom to sell gold bars in the Philippines?
   Is there any policies pertaining on selling bulk of gold bars in the Philippines? How to do it and is there any tax on it and how much?

   • ANSWER:
     Bangko Sentral Ng Pilipinas - Security Plant Complex (SPC) located in East Avenue, Quezon City. It is right across Heart Center. There is no tax, and it is the safest way to sell your gold and help the economy. Go to the Mint and Refinery at SPC and inquire.

     They will test your Gold if it is genuine and know the Karat, they would buy your gold based on the Troy Ounce value per trading day. From what I know they will issue a voucher, and your gold is to be paid after 30 days. What is good is that it is the Bank that makes the Philippine Currency, so you can be assured they you will be paid with real money for your real gold.

     Allot of gold prospectors and panners sell their nuggets at SPC, so it is a common thing.

2. QUESTION:
   Where to buy and sell gold bars/ coins in Delhi?
   I want to buy gold bars or gold coins in Delhi. Some say that banks are selling it for higher price, so I guess I should opt for jeweller shop. Any idea, which jelweller shop can I trust? Also, how do I know if the gold bar is pure?

   Do I need a PAN card at the time of buying and selling gold bar from jeweley shop?

   Do I need to pay tax if at the time of selling gold bar? What if I got cash from buyer?

   • ANSWER:
     Banks may be offering a higher price but it's safe and prudent to buy gold from banks as the gold is pure and reliable and will certainly give you better returns whether or not you sell them back to bank or in open market... ICICI bank Gold is good.. Go for it

3. QUESTION:
   can I sell gold bars I made from scrap jewelry?
   If I refined gold jewelry what would be the process of selling the bars. I am obviously not a mint or refinery so how would I stamp the gold? Does it need to be stamped? Is there any legal ramification for doing this?

   • ANSWER:
     No, the bars does not need to be stamped. The next step that you should take would be to sell the bars to a precious metals refinery. I work for a refinery called Metallix Direct Gold, and we would love to give you an estimate on your gold bars. Our website has a gold calculator that will give you an estimate on how much you will receive. We offer free FedEx shipping with 00 of insurance and no lot fees. If you have a minute, you could check out our free whitepaper on The 7 Steps To Maximize Your Gold.

4. QUESTION:
   How can people buy Gold bars for cheaper than market price?
   I've noticed places like Ebay selling gold bars at prices than less than what they sell for on the regular market, and I know that they're not selling them at a loss. Where could they be getting this gold from.

   • ANSWER:
     Ebay has become a haven for scammers and rip off artists .Especially the higher priced items. Ebay works as an auction as you know most auctions start off below the price they expect to get. This gets the parties interested in the thought they could own the items. Then the price goes up. Gold has tons of buyers on Ebay. If an auction interests you watch it. If they sell a lot of that item just see where it goes. Then see the feedbacks. Some of those can be part of a scam. It isn't too hard to see the legit sellers. Deals on ebay in gold are infrequent but they do happen. Just be careful. Never buy from someone with less than a 97 rating.

5. QUESTION:
   If I melt down my gold scraps to gold bars who can I sell the bars to? Is there some sort of Gold Bank?
   I don't want to sell my gold to those gold for cash places/websites because I will only get a fraction of the gold's market value. If I melt down my own gold scrap to gold bars where can I sell the gold bars for Gold's true market value?

   Where or whom do modern day gold prospectors sell their gold to?

   Thanks.

   • ANSWER:
     Anybody who wants to buy your gold bars will have to assay them, heaven only knows what is mixed in with the gold. "White" gold is only 75% gold, for example, the rest is silver and copper. Best would be to find a cash place that will work with you and not charge you assay fees with every batch.

6. QUESTION:
   Is there a place in New York where I can sell gold bars in person?
   I can't pay my rent in gold bars (although I haven't brought that up with my landlord). Is there a place in New York where I can trade Heraeus or Sussie gold bars at close to market value? I really want to pay my rent and/or buy a car and gold bars are not respected tender.

   • ANSWER:
     Almost every coin dealer also deals in precious metals.

7. QUESTION:
   Where can I buy and invest in gold bars ?
   Why aren't pple investing in gold? I found many dealers on internet that sell gold bars but I'm hesitant to purchase one rite now cuz I don't know which company is trustworthy. I would appreciate if u tell me how to buy and sell gold bars.

   • ANSWER:
     The era of buying gold directly is GONE forever.

     Buy the exchange traded fund GLD.You get all the gains or losses from the moves in the price of gold and you don't have to worry about storing and assaying the bar when you go to sell it.

     See the chart at http://chartserver.fasttrack.net/chart1.asp?symbol=gld

8. QUESTION:
   Where to buy gold bullion bars in New York City?
   It seems it is impossible to find this information on the internet. I do not want to buy from online stores. Calling such banks as Chase and Bank of America did not help, they did not even know what I am talking about and transferred me around 10 times each before saying "we do not sell gold bars".

   • ANSWER:
     try MTB, Manfra, Tordella & Brookes, at 90 Broad Street, just down the street from the New York Stock Exchange.

     they've been in business for 50+ years and they operate out of a basement vault off the lobby of an old Wall Street office building.

     i still regularly buy silver and gold in person from them. if you pay cash you can take immediate delivery; if you pay by check there's a waiting period, but you lock in the price on the date of transaction.

     my recent purchases have been 100-ounce and 10-ounce silver bars, 1-ounce American Silver Eagles, Canadian Maple Leafs, and Austrian Philharmonics; and 1-ounce coin gold Krugerrands, which, btw, is the *only* gold bullion of any form i would recommend, because they are the most recognized gold bullion in the world, and they come usually at the lowest premiums to the gold price. otherwise, you can buy all kinds of gold, silver, and other precious metals products there...

     (btw, the regular banks know absolutely *nothing*...)

9. QUESTION:
   Have people ever tried selling fake bars of gold in this way?
   I know a 1kg bar of gold would cost a good £40,000 so have people ever made a bar of cheap metal such as iron then plated it in gold to look real, so it would still cost you a couple thousand dollars to line it with gold but would the buyer ever find out that its not solid gold?
   sorry i meant ,000 not pounds

   • ANSWER:
     when bars are sold they are assayed to make sure they are pure gold.

     Also by weighing them they can tell.

10. QUESTION:
    how can i make profit by buying & selling gold bars?

    • ANSWER:
      Just like any other commodity...Buy low, sell high.

11. QUESTION:
    Where to sell gold bullion bars in Birmingham,Alabama?
    I have some gold bullion bars that are 24k 999.9 fine gold and would like to know where to sell them in Birmingham,Alabama for the best price.

    • ANSWER:
      Look for coins shops or precious metal dealers. Check the links below for a place to start.

12. QUESTION:
    Seeking purchase/selling gold/silver bars? Low cost commission and reputable.?
    The dealer/broker should be in the U.S.A. Additionally a web address would also be preferred.

    Iam looking for .999 pure silver in 100 oz. bars, .999 1 oz. gold bullion rounds.

    • ANSWER:
      Do you understand the concept for investing in precious metals?

      You invest in the actual metal as an insurance policy in case the financial end of the world comes

      You invest in precious metals company shares if you want to make money on the increase of the metals value.

      If your silver increases by 100% (), after commission, buying & selling you will make /ounce

      if you bought the same dollar amount in producing company silver stock, your stock would probably go up 300% +

      If you bought gold ounces 0 US ea + commision and gold went up 0 your 1 ounce would return you a profit of

      the same money invested in a non hedged gold producer would probably return a 200%-300% Profit.

      There are lots of bullion sellers, but re-think why you want the metal.
      Oh , and by the way, I just sold 0,000 worth of gold stock because I think gold and silver is going down in short term by about for gold, silver I don't follow.

      I will re-buy later this year at a lower price.

13. QUESTION:
    where can i buy gold bars in hong kong?
    I like the ones by credit suisse or ubs
    hong kong banks will also do

    i can't seem to find a store selling it on my last trip
    i only see gold jewelry in chow tai fooks but not bars

    tell me a reputable place that sells gold bars im going there next week
    i plan to buy 5-10oz in 1oz gold bar each

    • ANSWER:
      Gold bars are not available for private ownership in Hong Kong. However, you may buy gold depository certificates from Bank of China, Standard Chartered, and other banks licensed to issue them. The certificates give you legal (but not physical) ownership of gold bullion held by the bank.

      Gold smuggling is a serious crime in Asia. Countries with weak currencies, like Vietnam and Laos, consider gold smuggling to be an attempt to destabilize their country. The death penalty is possible. That is why gold bars are not sold in Hong Kong.

14. QUESTION:
    Should I sell my stocks and buy gold bars now?
    My brother is convinced we are headed to a major recession like never before. I have already lost one third of my stocks holdings. He says by buying gold bars, the value will at least remain the same and should increase. Once the stock market returns I should then sell the gold and get back to investing again in a few years.

    • ANSWER:
      By the text you posted you are considering breaking the most fundamental rule of investing. Re-read your question and then ask yourself . .. .Why would I SELL LOW . . and then BUY HIGH????

      By the way, is there a reason that your brother would have any special knowledge of an impending "recession like never before?"

      Also, ask your brother the price of gold tomorrow, then ask him again on Tuesday, and then on Wednesday . . the numbers will be different - thus, the price of gold does not "remain the same"

15. QUESTION:
    Is there a place on runescape to sell gold bars?

    • ANSWER:
      Varrock Bank, the big one on the West side. Try world 1 (if You can get in)...

16. QUESTION:
    Is there a website where i can buy gold bars or coins by the gram?
    i needed to know if there was a website that sells gold coins or bars by the gram. like where i dont have to buy a specific amount in order to buy,, and if it will be at the current price of the market thanks

    • ANSWER:
      Yes. I have some 10 gr bars from kitco.com you can get 1gr 5gr 10gr and 20gr as well as coins and larger bars. 1oz= about 28gr. But watch out there is more percentage mark up on the lower gr weights. Look for "chip gold" if you want the gr bars.

17. QUESTION:
    Where can you sell gold bars for near stock market price? Is it legal to own all forms of gold?

    • ANSWER:
      ebay maybe?

18. QUESTION:
    Is it legal to pour gold bars and sell them.?
    I see articles on the internet on how to do it and i even bought a gold furnace but looking around all i see is big companies selling them with their logo on them. Even on ebay i don't see any that even look like they could have been made in someones backyard.

    • ANSWER:
      Yeah, they're of unproven content- that's the reason we pay more for Krugerrands, etc, its' a known, guaranteed quantity. You could cast them with a led center like a twinky bar, for all that we know, with any weight differential occupied by air space.

19. QUESTION:
    Where should one go to sell investment-quality gold bars?
    No area banks seem to want to buy. I know that in many decades past you could (theoretically) go to any bank and exchange a gold certificate for gold. Where is it intended nowadays that you take the gold to sell?

    • ANSWER:
      In most cities there are agent buyers for the treasury department. You can usually go to the yellow pages and find gold brokers.
      They usually charge a small fee. You can also search the web for buyers that buy gold, trhey usaully make 10-20 percent fromt he discoutn rate published. You can check gold prices at www.usatoday.com and get the daily rate.

20. QUESTION:
    Does VAT apply on imported Gold Bars from Africa?What about on Gold dust?If yes,can VAT be paid after selling?
    Information needed for a start-up small business wanting to import raw Gold Bar (Ingots) or raw Gold Dust in the UK from legitimate countries in Africa.

    • ANSWER:
      you need a tax guy.................investments should not have vat...........if you buy US Treasury bonds or stocks.no vat there.........

21. QUESTION:
    encashing gold bars in chennai?
    Where can i make cash by selling gold bars/gold biscuits in chennai? I need the shop name and address

    • ANSWER:
      T.Nagar Saravana Store in Osman Road

22. QUESTION:
    Where can you sell the gold bars in Fallout New Vegas Dead Money?

    • ANSWER:
      you have to complete the dlc and leave the sierra madre before you can try to sell the gold bars.

23. QUESTION:
    Does anyone know of any good trusted sites to buy gold coins or gold bars?
    I am currently looking to invest in gold. I am looking for a trusted site that I can purchase the gold from. I recently found a site that sells gold for cheap, but am a little wary of purchasing from them. And would like to know if anyone had purchased gold recently or in the past and has a site that they would recommend and that they trust.

    Thanks in advance.

    • ANSWER:
      www.usmint.gov
      www.monex.com
      www.bulliondirect.com
      www.bullion.nwtmint.com

24. QUESTION:
    how do you get past the guy selling rare candy bars in mahagony town on pokemon gold?
    I've beaten team rocket and red garyados and i beat the gym leader. Ive tried everything and I still cant get past him. What do I do?
    Yes I've done everything, and I heard you were supposed to get a call after you beat the gym leader in mahagony town, which I never did. So I have no idea what to do.

    • ANSWER:
      Hmmm....let's do somewhat of a checklist:
      (though some are answer, it is still a precaution thing)

      -- Did you encounter Red Gyarados?

      --Did you talk to Lance at the Lake of Rage after encounter Gyarados?

      --Did you go to the hidden hideout in Mahagony Town?

      --Did you drive Team Rocket out of Mahagony Town?

      --Did you defeat Pryce, the Gym Leader?

      --Did you go to Goldenrod City and drive Team Rocket out of there?

      It might be the Goldenrod city thing. you probably wasn't paying attention. So...go to Goldenrod City and drive Team Rocket out of there. You should get a Rainbow Wing after completing the event, which allows you to let Ho-oh appear at the Tin Tower (if it was Silver, you get the Silver Wing, which allows Lugia to appear in the Whirl Islands.)

25. QUESTION:
    How are gold bars made from scrap gold?
    Hello,
    I was wondering how gold bars are made from scrap gold. I understand that the gold is melted and poured into a mold, but how are the other metals besides gold seperated so that the resulting bar is pure? Or do the companies just melt everything and sell a bar of the corresponding karat (ex. 14/18/24kt bars)? Thanks

    • ANSWER:
      all metals have different melting points. If the scrap gold is heated. Anything that melts before it reaches that temperature is removed, because it is not gold. Anything that remains solid once all the the gold has melted is also removed because that is not gold either

26. QUESTION:
    Can I buy gold bars and sell them later?
    I'm not concerned about profit I'm just concerned about people snooping about my assets this year and I do think that's gonna happen quite a bit this year. So I was thinking hold on to the gold bars and then liquidate them in 2009. Thanks for your advice
    If the bars lose 2% I don't give a sh*t the issue is the snooping. Thanks
    to "none" _ i am not buying shares of a gold mining company or anything similar. i would want actual bars and keep them in my house
    thanks zygot _ thumbs up

    • ANSWER:
      yes

27. QUESTION:
    Where is a good place to sell gold bars on Runescape??
    I know,I ask a lot of Runescape questions....but I need help here!!!

    • ANSWER:
      K, the best place for selling gold bars is in falador on world 1. The east bank has tons of people there. Since people mine gold in the crafting guild or in falador minig site, this is a good place ot sell them. But don't expcet anyone to buy more then 100. LOL!

28. QUESTION:
    Canyou tell me how a Gold and Silver exchange works? Is there one in CT? How do they pay you cash,check?
    I wantto sell gold bars localy. My last questions someone told me to go to a gold and silver exchange to sell at near stock market prices. Can anyone tell me the procedure? DO they take any gold bars? What if the bars are from another country,etc?

    • ANSWER:
      well gold and silver contracts are trading at nymex (New York Mercantile Exchange) along with all the other metals and energies. You can take delivery of a contract of gold but it is 100 troy ounces and you have to have $ to do so. Yes you can sell your gold and silver bars on the exchange but they have to be of a certain quaility and what not. Most large banks can get you in the right place if you have less than 100 troys ounces. try call the harris trust and savings of chicago.

29. QUESTION:
    Gold Processing and Selling?
    Question 1:

    Please could someone give me a "comprehensive but simple to understand" way of processing gold dust into bars(at home or at a goldsmith). I heard to sell the gold, it must be certified... is this true and who certifies it?

    Question 2:
    I need information on how to sell the gold bar after I have done everything right from the first question at close to MARKET PRICE as possible. For example: Do I sell the bar to jewelry stores or are there gold dealers that buy the gold close to MARKET PRICE? Also where is the best country to easily sell your gold. I heard Dubai, how true is that...

    Please need clear, easy to understand answers. Thanks a million everyone.

    • ANSWER:
      Put the gold dust into a metal pot and heat (according to melting point of gold which you can find on internet). Make a mold in the shape of a rough bar (doesn't really matter). You should be able to get some release medium to line the mold. You need to take the bar/s to an assayer to be assayed as to it's purity.
      I think they are some jewellers who are authorised to do this. (Hatton Garden in UK) or someone like Johnson Matthey.
      It might be best to identify your buyers first so they can tell you in what weight or form they would prefer to buy.

30. QUESTION:
    Investing in GOld and Selling back to get money?
    I have a questions for all experts in Gold investment. If you invest in gold (gold coins, bars, etc) Can you sell it back later on? to get money? If you do, where do you sell it to? who are the potential buyers???? I am beginner... please help! thank you...

    • ANSWER:
      Buying the stock IAU is a great way to invest in gold as well. You can buy and sell with just a mouse click. Just open up an online trading account somewhere like scottrade or e trade. Or you can invest in goldmining companies like ABX or GG. Here is the link...

      http://finance.yahoo.com/q?s=IAU

31. QUESTION:
    How do you sell gold? Everyone keeps telling me to buy gold, but what if the world doesn't end?
    More to the point: without taking a massive loss. Looks like to me that whenever you sell gold (barring an apocalypse) you lose. If you had bought it back in 2000 for 0/ounce and sold it now, you would only break even. Even though it's hovering around 0 to buy it!

    • ANSWER:
      You can invest in gold in a few ways:

      buy actual gold. but then you have to find a place to store it. that costs money.

      invest in gold mining stocks. as the price of gold goes up, the price of these stocks goes up (usually)

      buy a gold ETF, such as ticket symbol GLD.

      check out my blog for more investing ideas:

      http://kmsweeklystockpicks.blogspot.com

      you can connect to me on twitter through my blog. this way you'll get notified when i create a new blog entry.

      you can also chat with me via my blog if you have any questions.

32. QUESTION:
    How do you sell or buy silver or gold bars...10 or 50 ounces?
    . Do you need a trader or can this be done personally. How can the silver or gold bar market be tracked

    • ANSWER:
      Try this site http://netnew.tripod.com/ and go ONLINE TRADING
      and/or search

33. QUESTION:
    How can i sell a gold bar?
    I have a solid gold bar. I'm getting it tested for purety. it was inherited. it weighs about 8 kilos. Where can i sell it online? there are no places that buy gold bars where i live and i'd have to go very far to try to find a buyer. is there a place online that i can find a buyer?

    • ANSWER:
      there are dealers in every major city ... buying and selling gold and silver.
      8 Kilos is HUGE, if its real, you have a LOT of money there, I would enlist the aid of a few friends to escort me to the shop where I intended to sell it, just to be sure that nothing happens along the way. Check the present price of gold on the market on-line.

34. QUESTION:
    How do you know when you are buying gold or silver coins bars or nuggets that what you are buying is real tthe
    And when you do buy gold or silver where do you go to sell it .They say if you buy gold bars the goverment can take them from you at the going rate at the time of confication. Is this true. And do you have to pay taxes on gold.

    • ANSWER:
      You only buy from a reputable dealer. I buy my S African Kruggerands (1 oz gold) & silver bars from a local coin dealer. Buy from someone who is a known: U.S. Eagles, Canadian Maple Leafs, S African Kruggerands. My silver bars are from Handy & Harmons. They have serial numbers stamped into them.

      As far as I know, there is no national database of those that own gold. So how is the government going to confiscate these (gold & silver) if they don't know about them??

      You want to sell your gold & silver, just go back to the same person/dealer that you bought them from. I suspect you do pay taxes on any profits (of the sale).

35. QUESTION:
    sales of gold bars...?
    procedure they follow in accquiring and selling the gold bars through banks

    • ANSWER:
      I am not aware of any banks that acquire or sell gold bars. Bullion sales are done by coin and precious metals stores. You walk in and tell them what you want, and they sell it to you at retail prices.

      You decide the price has gone up enough to make a profit and you walk in to the coin and precious metals store and tell them you want to sell the bars. They will buy them at Whole Sale Prices.

      Since you buy bullion at retail and sell at whole sale prices, the bullion needs to go up considerably before you can make a profit.

36. QUESTION:
    I've got 20 solid bars of Gold, what's the best way of selling them without gaining attention?

    • ANSWER:
      Honestly I don't really think there is a way of selling BARS without drawing attention to yourself. I suppose if you were looking for some way, you could melt them down and have them put into something like jewelry and then sell them that way to a gold buyer, but realistically this sounds like shady business, a million and one things could happen and if you're stuck holding illegal gold you're screwed. Hope I don't hear aboutcha on cops...

37. QUESTION:
    i work for kb gold do you no where i can sell some gold bars online?

    • ANSWER:
      Other than ebay, you can try Craigslist but be careful, they ban people on craigslist and you won't know why. As long as it isn't stolen gold, ebay is about the best place to sell. Just make sure you get your cash before you ship it and if you decide to accept checks, wait until the check clears before you send it.

38. QUESTION:
    Can I import gold bars from a diffrent country?
    Can I import gold bars from a diffrent country and take advantage of the stronger dollar vs a weaker currency like the Indian ruppee and buy bars of gold in ruppess but then sell them here in the USA?

    • ANSWER:
      You can try it ......its defintely worth it lol

39. QUESTION:
    Exchange Rates? - Gold Bars?
    Explain why apartments rent for different prices around the world while gold bars sell for the same price (measured in a common currency).

    • ANSWER:
      Apartments are a "commodity" which are rented at as much as each local market can bear. Gold, on the other hand, is a 'hedge', so consequently one might reasonable expect it to maintain a globally-similar trading price, yet lose a little of its "value" with each trade (resulting in a gently but steadily declining trade price), which in fact is what we see;

      As this graph illustrates, gold (corrected for inflation) has been losing value since the early 1500s...

40. QUESTION:
    do you need a license to make gold bars?
    If I made a pure gold bar is there any laws preventing me from selling it? Do I have to get it appraised? Do I have to send it to a refinery? what are some legal ramifications if any?

    • ANSWER:

41. QUESTION:
    I know someone that is trying to transfer gold bars from Ghana to America. How can they go about that ?
    A friend of mines has a girlfriend who resides in Ghana and has inherited a nice quanity of gold bars. She wants to transfer them to US in order to sell them because their value is worth alot more than in Ghana. She is currently working on getting citizenship so she can move to the states. She wants to open an account here but due to her lack of citizenship is unable to. However, her boyfriend, my friend who does live here in the states wants to know if there is any way he can establish an account for her and if that is possible how would he go about selling the bars of gold.
    Personally I think it's scam...but he still wanted to know, so I thought it wouldn't hurt to ask.

    • ANSWER:
      Basically you are asking how you can legally break the law. If you take gifts to the U.S. from a foreign country you cannot take more than 500 bucks worth or you have to pay taxes. If you bring valuable into this country you do have to report everything that's more than 10.000 dollars--and you do have to report also how much leaves Ghana, even though I do not know how high that amount is. For example, if you leave the u.s. you have to report everything that's more than 20.000 dollars(i am not absolutely sure, they changed that amount), and you have to report everything over 10.000 dollars when you enter the U.S.--with all the security to find bombs and weapons your friend cannot smuggle the gold into the U.S.---the only way is to sell it before coming here and then to either report the money brought into the U.S.(and show the receipts of where the money came from), or to keep it in a safe until further notice.

      As far as opening a bank account goes: you do need a valid social security number in order to be able to open a bank account and you cannot get a social security number while still abroad. In addition, you cannot work on your citizenship while abroad--you have to live in this country for a certain amount of years, showing that you have this and that before you qualify for citizenship. My best friend is from overseas and she had to bring proof that she is still with her husband, what she works, where she works, same about him, that they had a joint account and so forth..

42. QUESTION:
    Should I invest in gold bars?
    Hello,
    My fiancee and I are selling some scrap gold, which has sparked my interest in gold as an investment. I was wondering if it would make sense to just get our scrap gold melted into a bar, and then purchasing additional bars as investments. I am 24 now and could probably buy .5 oz a month at current value. Would this be a smart investment for the future? I like the idea of having a physical investment (not to meantion the cool factor of having a safe full of gold bars). Is now a good time to be investing in gold? What is the best way to go about this? Who sells the cheapest bars (closest to market value)? Thanks so much!

    • ANSWER:
      Gold is generally a very popular investment, however it depends on your long term goals per say, if your looking for safety then gold is a good investment because when, investors or the public are fearful about the currency or a currency they generally turn to gold. Gold can be bought in forms of a bars, or in form of a equity investment e.g. ETF's (exchange Traded funds) a good one is IShares COMEX gold trust (NYSE:IAU) this is like a stock but its price fluctuates with the gold price in the market, technically you would be holding gold because the company responsible for this ETF holds 63.2 tonnes of gold in storage. Note that in order to purchase ETF's you have to buy them through a stock broker. Another way to invest in gold is through stocks gold companies such as (NYSE:GG) this is riskier because your dealing with a companies stock which involves tracking they're returns and they're movement, in price, and the risk that a normal stock would posses.
      Golds Price fluctuates as do all commodities, hence forth if you want to make money on gold make sure you buy it at a low price this is generally when the economy is doing well and the USD (u.s dollar) is strong and rising.
      In Conclusion confirm with your investment advisor what your long term or short term goals are and in that relation you can invest appropriately.
      Good Luck
      Happy Investing

43. QUESTION:
    where do i sell bank purchased gold bars in india at the best rate ?

    • ANSWER:
      try the same bank. there are more sellers than buyers

44. QUESTION:
    where shall I sell bars of gold that I've found from of the treasures?

    • ANSWER:
      the safest is Bangko Sentral ng Pilipinas - Security Plant Complex at Quezon City, Mint and Refinery Division, across Heart Center. They will assay the gold and you will be paid based on prevailing Gold Trade price/troy ounce. The pay might not be immediate (30 days) but you will be assured that the voucher is an official voucher to be paid by the Bank who prints real Money.

      You can also sell gold via private companies...there is one along South Expressway between Vito Cruz and Buendia I just forgot the name.

45. QUESTION:
    Where to sell 1oz Gold Bars locally in Los Angeles,CA?

    • ANSWER:
      Sell them to me..lol

46. QUESTION:
    Where to sell 1Kg (9 carat) gold bars?
    I'm a very puzzled guy. I have 2 x 1Kg (9 carat) gold Ingots which have been left to me from my uncles will. I've been looking around the web regarding selling both. However, It seems to be a mine-field. There are dozens of Companies offering around £10 p/gram, but this is just for scrap/broken jewelery, and appears to be the same on ebay. People on ebay are paying as much as £11.50 p/gram. Obviously, these 2 x 9 Carat Ingots have already been smelted down and are ready for sale.
    I suppose my questions are:- Firstly; where do those people, who are already paying over £10/£11 a gram SELL their gold once smelted down into good clean ingots? Secondly, what price would be a FAIR price?
    Please Help if you can?

    • ANSWER:
      Pure Gold (24ct) spot prices are '$ per ounce' (1 kg = 32.15 oz) and 9 carat gold is approx. 37% (just over 1/3rd) the spot price.

      With spot prices at about 00 / oz, your bars worth about ,000 (£10,000) each.

      This is a MASSIVE temptation and I can GUARANTEE you will be ripped off by any Internet buyer (assuming they ever receive the bars - most likley they will simply 'disappear' in the post).

      At this value, it's worth going down to London's Hatton Garden and getting them valued by more than one shop ....

      NOTE you WILL need all sorts of documentation to prove not only that you are the legal owner but also their 'origin' (how your Uncle came by them) since there may be tax / VAT 'owing' from when they were Imported into UK.

47. QUESTION:
    Why can't you just melt gold nuggets to bars and turn a profit?
    I see gold nuggets online for around 38 dollars an ounce, or gold dust for less. However gold is basically 1,000 dollars an ounce.
    So why not buy the gold as dust or nuggets and melt them into bars. And then sell them for the 1,000 dollars an ounce price?

    What am I missing here?

    • ANSWER:
      First off, you are missing karat purity. while you may be able to buy scrape gold on eBay for "pennies" it is no way bullion. Gold bullion is 24k 999.9 pure. You may notice gold ingots for sale as well in various increments 1g,5g,10g,etc. ever notice how much people are willing to pay for this, on average 5.7399 for 1g, which is just plain absurd. Considering that if you were to purchase that straight up all the way to an ounce you would literally be throwing hundreds of dollars in the garbage. As far as buying gold anything in that small of an increment even owning 10oz is pretty much a waste of money that could be more wisely invested. Most professional investors buy gold to help fight inflation not profit. In order to profit you want to buy trading power of gold not physical bars for storage. if you are considering this go MONEX they will help you decide what is best for you and your money

48. QUESTION:
    Fallout New Vegas:how to sell 37 bars of gold?
    I did the glitch in the DLC Dead Money so I could get all 37 bars of gold, but now I am storing it in the BoS bunker until I find a good enough place to sell it. I can't give it to any of my companions because it encumbers them after about 3-5 bars in their inventory even if it's originally empty. I sold 3 bars already and I'm waiting for those stores to gain their money back so I can sell more, but I was wondering if there was a quicker, more efficient way to do this, and a way to do it so that everytime I go to get more, the case isn't that I can only grab a few bars before I go over my weight limit.

    p.s.My inventory is empty except for a gladius machete I use for protection while going to the mormon fort to sell bars.

    p.p.s. I choose the Mormon fort, New vegas clinic, and Gun Runners to sell the bars to considering they get close or over 10,000 caps when their money is full.
    I don't want to just trade it, selling it is the best option for me considering I am at the top level, I have all the best weapons and armor, and I've beat almost all quests. I want the money so that ammo will pretty much never be an issue again. Same with restoring stuff.

    • ANSWER:
      sell as many as possible at once
      wait 3 days (standard time for restock)
      repeat

49. QUESTION:
    ~~~~~what is better to sell gold ores or gold bars in world one?~~~~~Runescape~~~~~?
    runescape ????

    • ANSWER:
      If you are going to sell your gold instead of use it for crafting, sell the bars. That way you get the exp for smelting the ore.

50. QUESTION:
    What should I do with the 7500 gold bars I made in runescape?
    Don't just tell me to look something up. I already tried. I am currently making sapphire rings for around 40 crafting experience each and about breaking even on the money. Is there something better to make? Please provide documentation backing up your answer IE: if you say make bracelets show the experience per bracelet and the selling price per bracelet. I would like to make the most crafting experience from them.

    • ANSWER:
      I would suggest bracelets. Ruby bracelets are 80 exp each, and diamond bracelets are 95. If you scout around on the forums for awhile, people usually buy in bulk (for alchemy). That's assuming you're obtaining your own materials; it isn't worth it if you're buying gems.