Buying Gold

[merdat]

Markets look to be going 'West' again so was wondering how one buys gold nowadays . Do you buy the gold and get a 'certificate' or something (as it used to be illegal to hold unless it was in the form of coin etc ) or is it better to buy it in the form of 'coin' .

[Phage]

Buy shares in gold miners.
Or...bullion as you say.

[TheAnimus]

remember gold is at high right now, hence the advert of some rubbishrubbishrubbishrubbish posing with cash for gold that google has flung in next to this box.

So, you have to ask yourself will the price get higher as we slide further into doom and gloom, or will we see it fall further as the equities seen the green shoots:
http://newsvote.bbc.co.uk/1/shared/f...elve_month.stm

Personally I wouldn't try to call it, but remember you could easily loose money if you act foolishly.
(Alternatively you could talk to an investment professional about some kind of commodities fund?)

[Barrichello]

If you are looking to buy then timing wise, the dollar has bounced back this week due to concerns with the Eurozone over Greece. Because Gold has an inverse relationship with the dollar its been hit as a result. I wouldn't like to predict where the price will go short term, the crazy aspect is that inflation adjusted the theoretical high of gold could be $2000+ dolllars per troy ounce. Markets been abit crazy this week, down down and then trying to bounce back today after the non-farm payroll figures turned not as bad as expected, so who can call where its all going to end, or where to invest right now.

As others have said go for shares/etf's/funds/etf's etc over physical bullion, unless of course you have a more financially apocalyptic view of fiat currency

[merdat]

Thanks for the replies guys , it's just that I was listening to this American guy who was asked the question 'What should we be doing with our money a.t.m. given the possible problems facing Greece,Spain and Portugal and his reply was that 'paper' (i.e. in the bank ) was not the best place in the near future but would be better in 'property or commodities. Barrels of whiskey may be an option . Stills up here are going 'flat out' just now as they cannot keep up with foreign demand . With all this 'printing money' inflations bound to take off.

[Stoo]

I've thought about collecting some of the Canadian 99.999% coins, but the gold market is silly high at the moment

[kalniel]

. With all this 'printing money' inflations bound to take off.

If you believe that, then get invested in inflation linked savings at the NS&I.

[j1979]

i trade with Bullion vault. http://www.bullionvault.com/ .


you buy the gold and technically own it but, as you will only own a small amount you can't get hold of your gold..unless you are rich enough to Own a whole bar. it is held in vaults of your choice (new york, london or zurich) at a small fee. Also there is a buying and selling fee. So you can't trade too often.

i have found with gold there are no sure fire winning times to buy. But about a month before the Islamic festival of Eid the price usually goes up somewhat. But eid is not the same date each year.

I think this way is safer and easier than buying Kruggerands or gold sovereigns.. although if you believe that financial apocalypse is close, then gold coins will give you something to barter with when the pound, dollar and euro are worthless... i personally felt that i would be better with a fully automatic weapon so traded in my gold and got body armour and an AK47. So when the s**t hits the fan i will just got out and "collect" my own gold

[j1979]

Ohh and there is a lagre amouth of "fake" gold, stating that it is fine 99.999 gold, being sold on the internet.. if you are buying coins on ebay, get them checked straight away at one of those "we buy gold" places as a prospective seller.. they will be able to check that the gold is genuine, just don't tell them you have no intention of selling ! these people are potentially evil anyway so you should not feel guilty

[merdat]

Thanks for that advice -invaluable

[jetfire]

you can get gold bars from here http://www.atsbullion.com/index.html

[Dingo]

Buy Coffee Shares.....It'll be the new Gold in three months!!


.............and I want 10% for the advice

[merdat]

Thanks jetfire/Dingo -might be a go. I 'smell the Coffee' already.

[jackvdbuk]

i trade with Bullion vault. http://www.bullionvault.com/

you buy the gold and technically own it but, as you will only own a small amount you can't get hold of your gold..unless you are rich enough to Own a whole bar. it is held in vaults of your choice (new york, london or zurich) at a small fee. Also there is a buying and selling fee. So you can't trade too often.

i have found with gold there are no sure fire winning times to buy. But about a month before the Islamic festival of Eid the price usually goes up somewhat. But eid is not the same date each year.

I think this way is safer and easier than buying Kruggerands or gold sovereigns.. although if you believe that financial apocalypse is close, then gold coins will give you something to barter with when the pound, dollar and euro are worthless... i personally felt that i would be better with a fully automatic weapon so traded in my gold and got body armour and an AK47. So when the s**t hits the fan i will just got out and "collect" my own gold

not only good information but a funny ending at that

[Funkstar]

<snip>

[zipzap]

I heard recently that gold coins are the safest and albeit cheapest way to invest gold. Considering the recent instability of the financial market, I would say investing in gold coins is both a safe and reliable choice for the investor. Pick up some SA Krugerrand, it seems to have the best reputation! (Did you know the krugerrand was initially introduced as a form of currency in South Africa? ) Best of luck!