where do you buy gold?

[funkyvega]

this isn't really business related, but I didn't know where else to put it.

How would you go about buying/investing in gold? And where do you check up on the rise/fall of gold price?

[rogercbryan]

Just do a Google Search for Gold... there are a ton of websites you can use. You may also want to look for local coin shops if you want to purchase actual bullion. You can get the same spot price but save on shipping.

I used to invest in silver bullion. I bought most of my items from eBay at first. If I was to buy now I would shop locally. You will be amazed at how many local vendors have these types of items for sale.

You may also want to look into gold coins. I have a 1905 $20 Gold Liberty that I bought for $350 a few years back... while the gold price is now $800 (or so) the item is now selling on eBay for $1200... more for its collectors value then its gold value. This gives you a double investment strategy. Good Luck!

[jasaunders]

Check out gold indexes and funds.
For instance, GLD is the StreetTRACKS Gold Trust ETF.
There are several funds and indexes that track gold.

[akula]

How would you go about buying/investing in gold? And where do you check up on the rise/fall of gold price?

ok..this question is better termed as: how do i get exposure to gold? (i.e how do i make make money if prices go up/down/steady?)

there's lots and lots of answers:

- physical gold coins/bullion/jewellery traded in stores
- shares in listed gold related companies (i.e mines) traded on exchanges like asx
- derivative contracts relating to gold (i.e. futures, options, cfd's etc) traded on exchanges like cme
- managed investments, like gold index funds, traded over the counter or on exchanges like nysx

plus others..

[jasaunders]

Something to think about...
A lot of people in the U.S. now are saying how gold prices are so high and now is a great time to buy. Gold is a global resource in demand internationally. The value of gold has not increased, the value of the U.S. dollar has decreased, causing the price of gold to go up. Therefore, it really is no different than trading foreign currencies at this point. Also, the value of gold fluctuates wildly over time and is typically not a good long-term investment for this reason, there are much more stable investments.

[jasaunders]

Excerpt from an article by Ben Stein, one of my favorite economists:

Gold-Standard Advice


The second question I'm frequently asked is, Should I buy gold? I've never been a fan of gold as an investment. I know that since the early 1970s it's gone up from about $35 an ounce to (at one point) the high nine-hundreds. But it's also fluctuated wildly.


Gold has been "limit down" day after day in some bad periods. It dropped by almost two-thirds from the late '70s into the early '80s. It pays no dividends. And it's subject to attempts at market manipulation.


If you feel you absolutely must participate in precious metals I suggest buying gold jewelry, or else buying stock in highly diversified precious metals ETFs and mutual funds that combine many gold and silver mining stocks from all over the world. They fluctuate far less often than the raw material, yet they can grow dramatically if the metals rise.


Gold is lovely as a gift, then, but I don't see it as an investment for the ordinary citizen unless he or she is compulsively attached to its luster.

[Assault on Reason]

If you would like to invest in gold/silver bullion. (coins, bars, etc...)
I would recommend Kitco.com, it is the best site I have found.
Really easy to buy gold coins, silver coins, at whatever size you need,
(1, 1/2, 1/4, 1/10 oz)
Let me know if you like it ,
Thanks.

[goldsilverangel]

Investing In Gold 2008 Learn About the Five Reasons You Should Own Gold in 2008 I did click here and get free information and pricing like I did a few months ago when it was lower. They give free information so click this link and fill out your name and get a free catalog of all type of gold and silver coins catalog.

[Bobby1986]

Yea, I agree with assault, kitco.com is probably the best site if you are intrested in investing in gold or any precious metals (silver, platnium and palladium)

[Tao]

great answers!............I will reply later when i have time.

[Stephvai]

Don't invest in gold! It's speculating, and prices are eventualy going to drop.

[goldbaker88]

Thank you for writing about Gold. It has really been a good investment!

[Southern_Lenders]

Buy gold related stocks or etf's, and if you think price will fall over the next few months, buy put options as insurance. When price gets done falling, sell the insurance to some fool, and ride the next bull move.

[Scar Tissue]

Hong Kong? Hong Kong is the center of gold trading for the Far East and the Southeastern Asia.

[Gaulkin]

apmex.com is where i bought some gold bullion, only people i trust.