Feb

14

GOLD. whats the best way to buy / invest?

Filed Under Investing 

Pete


I’m looking into buying some gold, does anyone have any experience / advice. I was thinking of Britania 1oz coins..
Thanks

Comments

5 Responses to “GOLD. whats the best way to buy / invest?”

  1. Leetamus on February 15th, 2009 3:35 pm

    Just join a good guild and do lots of dungeon runs! :D

  2. Chanda M on February 18th, 2009 5:28 pm

    Try ebay

  3. Derek on February 20th, 2009 3:28 am

    You could always try an online gold dealer.

  4. JRome3 on February 23rd, 2009 4:21 am

    Gold bullion and coins are very hard to get these days and it’s selling for way over what the spot market is trading at right now….i.e. spot gold closed at 742 Friday but bullion could cost ya $900-$1000 or even more depending on who you buy from and their supply/demand.
    If you can get your hands on the physical metal then that is probably better in the long run but if not then the second best way to play it is to buy the GLD ETF shares. This is an Exchange Traded Fund that tracks the price movement of gold and trades just like a stock (on the Amex). Also, if you want an index that contains the top gold miners then check out the GDX ETF. It’s just like a mutual fund and trades like a stock but you own a basket of the top miners.
    I own shares in both GLD and GDX. I LOVE gold in this economy. It will be the best place to invest over the next few years. The GDX is sooo under-valued it’s not even funny. Gold will most likely at least triple from it’s current level but the mining companies will go up 10X or more because they are so beaten down and liquidated by hedge funds. And if you really want to make a killing check out the Canadian junior miners. I like Noront Resources at 60-70 cents best but there are dozens out there that will make people fortunes if they get in right now before the upcoming stampede.

  5. Eric G on February 26th, 2009 4:02 am

    I think gold and silver is one of those investments where you will get all kinds of different answers. Personally I like getting the actual metal in my hands, to me that makes it more fun and more real.

    I find the best deals here…

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