I usually buy gold from my goldsmith but i never try to check out the market price.
I usually buy gold from my goldsmith but i never try to check out the market price.
You can buy gold on ebay these days ... no, I've never bought any. I'd be worried it was chocolate inside ...
Go to flea markets, buy a weight, know how much its worth and buy a sign reading "WE BUY GOLD" and also have a sign that says "WE PAY MORE THAN OUR COMPETITION."
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I think investing in Gold is the safest bet. I recently purchased Gold bars from the Religare Enterprises Limited (REL) and as the gold coins they offering are manufactured and certified according to international standards by MMTC for 999 Quality Guarantee, I firmly believe that I choosed the safest investment option and reliable brand to go with.
There is a large amount of gold (in bullion, nugget, flake, scrap and plated) available on ebay. If you know what you are looking for and the trends, you can actually make a very good buy on gold, as well as sells.
If you were to track the info like this auction does , you could know when to buy the gold products (say scrap) and then when to sell it. For instance , this report shows that the last two weeks, the scrap gold market has been 10% higher than in the months previous, a very handy thing to know if you are buying or selling!
Search item number :140470464878 on ebay and check it out.
GENERAL ADVICE ONLY
If you are wanting exposure to gold, your best bet is via a futures contract or options contract.
Getting exposure to a company who has a strong association with gold will not always react in the same way in which the commodity does itself. Rescource companies have many other influences besides the actual physical values of the minerals that they are mining.
You have 2 options, and it will very much depend on whether you would like to hold this view in the longer term or short term.
Gold Futures Contract:
You will be able to buy a standard gold futures contract for a couple of thousand dollars on a 1% margin (many providers offer this.) This means that you can trade $112,000 worth of gold (on paper) for only about $1200. As the price rises, your returns will be significant. E.g if the price rises from $1250 to $1300 you will make roughly $5000 from one contract.
This may seem great, however if the price goes the other way, you will find yourself in a difficult situation.
Hence, the other option:
Longer dated gold call option:
In this instance, you will pay a premium (could be around $5000 for one call contract). It will have a strike price and a expiry (3,6,9 months). If the price of gold is above your strike price at any time, you can sell it at a profit (depending on the time value)
It may seem complicated but its actually the most convenient way to get exposure to the market. The advantage of the call option is that you are limited to the initial premium and cannot lose any more than that.
PM me if you have any other questions.
Note: I am a licencsed futures and commodity broker. The preceding is not to be deemed as personal advice.
Gold and silver are the ''money of future'' !
I usually buy gold from internet dealers, they have good prices and contents of their packages are full insured.
There is one good site about Gold with news and links to many Gold Dealers: gold-bullions-coins.blogspot.com
About silver - probably even better investment (more volatile than gold, but with better perspective, because the needs of industry and wasting in relation to the excavated silver).
Good luck and trust to your intuition!
I need to know a legit place to sell gold
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I buy my gold and silver from American Gold Reserve. Message me and I will give you my sponser name to get you signed up free. It's easy and US based.
I never buy gold from ebay - I have heard far too many bad experince stories and ebay never seem react to complaints. I generally buy mine online as there are plenty of good traders. Try out bullionbypost, sovereigninvestments, atsbullion. I think they all show their prices on their sites and update regularly.
Are you still interested in buying gold? Iv got overseas contact, tax free buys, pm me for more details.
Check the price on google than go for purchase.....
I would buy gold in Downtown Los Angeles. They have great prices there.
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