Should I Be Buying Gold?

If so, what might be the best way to go about it.............from an investment standpoint?

Thanks,

ABM

 

No,

Tin Foil.

YHIHF

 

I would buy some if I had the money. There isn't a whole lot of gold in the world and it's only to become more scarce as time goes on.

There are three things you can do if you want to buy gold, you can buy gold bars, gold coins, or stock in gold.

If you buy stock in gold then you are not really buying stock in "gold" but rather gold mining companies and there are the same risks that come along with stocks, like the market and bankruptcy.

Gold bars are a good bet if you can find a reputable dealer who can prove the gold in pure and you have a lot of money, gold bars typically cost between $10,000 and $100,000 dollars a pop. Although, it can be much more difficult to sell gold bars then coins or stock.

Most people who invest in gold do so by buying gold coins. They are easy to sell, readily available, and the government guarantees a gold coins quality and quantity, unlike with gold bars. They are by far the safest bet, and if you're going to invest in gold I would take this route.

 

Very cool, thanks.

Any suggestions on a reputable gold coin dealer? Or, perhaps, should I be doing this locally?

EDIT: OK, I just found these guys. Is this (or similar) the way to go?

http://www.usagold.com/productspage.html

Thanks!

 

I have to admit, you're a sucker for every damn scheme that comes along. Look, rather than this rip off for gold (which is currently tanking), I have a bridge in the Gobi Desert I want you to invest in. Please send me $5,000. I will take good care of you.

 

Thing is, I have $5,000...and you don't.

Oh, and you're not getting it, either.

 

Actually, I do have $5,000 and why can't I have your money? It'll be better spent and cared for than responding to infomercials you watch at 2AM.

 

I would go with someone off the US Mint's website. USA Gold might be on there but I haven't checked.

http://www.usmint.gov/mint_programs/american_eagles/index.cfm?action=lookup

And to be on the safe side make sure check out every company you are thinking of doing business with at the Better Business Bureau.

http://www.bbb.org/us/consumers/check-out-a-business-or-charity/

 

Buy gold for a fun collectible is ok, just don't expect it to make you money.

Even with the recent historic stock drops, the worst investment funds as measured over a long time horizon are all gold funds.

 

Real estate is at bargain prices and in vast supply.

With $5,000 you could buy some land outright.

 

we're probably going to face rampant inflation in the next few years. Gold would probably be an ok buy but its always been going up...who knows, maybe a gold bubble. Safer than stocks though.

 

Gold is a terrible investment. It's already increased in price because of the expectation of instability. You'd be buying high and purchasing an asset that's incapable of producing income on its own.

 

Gold hit an all-time high this morning. Everything is volatile at this point, but........

 

id invest in penicillin, when the cities crumble, you are going to need to kill the inevitable tooth infection, and wont be able to trade a shiny metal for it

 

and now we are back to penicillin

 

Yeah, small cap fun would appear to be a reasonable venture for someone such as yourself.