Buying gold

[supesman]

I think it might be time to buy gold. I'm looking for an investment that I don't have to care about for the next 10-15 years, I figure with the failing dollar, gold might be a good investment. Any ideas on where to buy gold from a reputable seller.

 

[maddogchen]

stock symbol GLD. DUH!

edit: by the way you are late in the game.

 

[SpunkyJones]

I thought this was going to be a WOW thread.

 

[zinfamous]

Originally posted by: supesman
I think it might be time to buy gold. I'm looking for an investment that I don't have to care about for the next 10-15 years, I figure with the failing dollar, gold might be a good investment. Any ideas on where to buy gold from a reputable seller.

oh, nvm. I assumed you had posted this about 7 years ago. you lose

 

[RESmonkey]

Originally posted by: SpunkyJones
I thought this was going to be a WOW thread.

For a brief second, so did I.

 

[Perknose]

Psssst, over here, Chief! (Opens raincoat).

 

[Alistar7]

Originally posted by: maddogchen
stock symbol GLD. DUH!

edit: by the way you are late in the game.

www.kitco.com

It is only late in the game if you honestly believe the dollar will not be devalued beyond this point, do you see the prices at the pumps dropping dramatically? Silver is a better investment compared to gold, better return the last 5 years and far superior fundamentals.

 

[FP]

Link

 

[supesman]

Yeah i know i'm late to the game. I should've jumped on this when it was $500/ounce but at the time was a poor college kid. thx for the link, one more thing buying gold on ebay safe as long as the seller has a good rating?

 

[maddogchen]

buying gold off ebay.....omg

 

[zinfamous]

Originally posted by: maddogchen
buying gold off ebay.....omg

oh wow.

OP should do himself a favor and stay off the internet...

 

[ArmchairAthlete]

http://www.google.com/search?q...L,GGGL:2006-19,GGGL:en

IGE?

 

[KB]

Originally posted by: binister
Link

How well do gold coins due in the long run? Is there an index to themselves or do they follow the same increases as normal gold. And how easy are they to convert to cash? I searched google, of course, but didn't get any good answers or a bunch of sketchy sites. Also the price from the usmint seemed high. Heres a better deal: http://www.blanchardonline.com...rican_eagle.php#buynow

 

[Special K]

Originally posted by: supesman
I'm looking for an investment that I don't have to care about for the next 10-15 years,

Won't gold most likely tank again as soon as the dollar rebounds? I don't claim to know when that will happen, but surely it would be sooner than 10-15 years from now.

Also, gold has been a pretty poor investment in the long term. Scroll to the bottom of this page to see a graph comparing the long-term returns of gold to other investments:

link

If you discount the surge gold experienced after we were removed from the gold standard, the returns would be even worse.

 

[moparacer]

Jim Sinclair seems to think Gold is headed to $1650+. He is so confident he's placing a 1,000,000 wager on it....

http://www.jsmineset.com/ARhom...inkid=6028&T_ARID=6083

He also thinks we have not scratched the surface of the with these banks and the credit crisis....

I agree....

 

[yours truly]

im seriously thinking about buying some gold too

i heard the best is canadian maple leaf gold bullion

not sure how you obtain it though, maybe from a national bank

 

[slayer202]

Originally posted by: moparacer
Jim Sinclair seems to think Gold is headed to $1650+. He is so confident he's placing a 1,000,000 wager on it....

http://www.jsmineset.com/ARhom...inkid=6028&T_ARID=6083

He also thinks we have not scratched the surface of the with these banks and the credit crisis....

I agree....

why not just bet against the dollar or for the euro? why bet on a product of the former?

 

[LegendKiller]

We are in the middle of a commodities bubble and people are looking to jump in.


If I had a Way Back Machine (tm) and dialed back to 2006, I bet I could sell you a McMansion in Florida.

 

[yours truly]

oh btw, indian people are very picky about their gold. 99% of the time its either 22k or 24k gold

non of that 9-18 carat rubbish

buy from them, if you can

 

[imported_Lothar]

You're better off holding the companies' stock that produce them rather than the commodity itself.
Why would anyone want to invest in GLD when you can invest in Freeport-McMoRan?

That's as stupid as buying the oil commodity when you can invest in National Oilwell Varco, Anadarko petroleum, or PennWest.

 

[yours truly]

nothing wrong with a bit of bling

cant wear stocks n shares around your neck

 

[imported_Lothar]

Originally posted by: hopeless74
nothing wrong with a bit of bling

cant wear stocks n shares around your neck

You can always hang stock certificates on your wall if you're that desperate.

 

[yours truly]

^ heh, doesnt have the same effect though

here wifey i bought u cerfiticate, its lamenated too..

 

[legoman666]

wouldnt copper be a better investment?

 

[yours truly]

the op says he's willing to sit on the stuff for 15 years. im willing to bet, he gets a decent return in that time, for sure

do it, just try not to buy it online