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gold investing ?'s

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ctcsoft

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Anyone know a lot about gold investing? Is it really worth it to spend $1000+ on a 99% pure bar of gold?

Why are the bars of gold worth so much more than say a 14k Gold Herringbone necklace that weighs the same amount as the gold bar. Is the gold bar that much pure?

I know nothing about gold investing but just trying to see if anyone here has done it
before.
 
I've seen various sites that sell gold for cheap, but I'm not sure how reliable they are and I think they come in digital coin format. :hmm:

KT
 
Look at the price of gold over 30 years, not just prices for the last few.

Gold is a bubble investment -- it blows up every so often (like now), then pops and stays at a much lower price for years. Buying now is a really bad idea.

Go to INGDirect and their sharebuilder if you only have $1K, or vanguard.com if you have $5K+. Vanguard's "Target (year)" funds are a great choice if you can only invest in one mutual fund.

Finally, if you want to do this because you've bought into the collapse of civilization paranoia, what you want are guns, ammo, canned food. Gold won't help you stay alive in the wasteland.
 
There was a segment on investing in gold on Nightly Business Report, I think, the other day.

Gold bars are susceptible to counterfeiting and there is a premium to actual gold cotent, IIRC.

I think they mentioned gold coins such as American Eagles or Gold Kruggerands as better option.

Overall gist is it may be good insurance for an otherwise already diversified investment portfolio, not a way to get rich quick.




edit: it was on the Consuelo Mack "Wealth Track" program last weekend: http://wealthtrack.com/previous.php
 
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Jewelry is not the way to buy gold. Buy American Gold Eagle coins. They come in different sizes (1 oz, 1/2 oz, 1/4 oz and 1/10 oz) and the best value is the 1 oz coin. They are easily sold and the markup is small if you buy from the right place.

I recommend APMEX.com. You can probably find them at a larger coin shop but you'll probably pay more for the convenience.

I'm not recommending that gold is a good investment, though.
 
The only sensible Gold Investment now is in Mining Companies that Pay dividends. Gold is way too expensive to be buying now as an Investment and though it could go higher, it will really need to go high to make it worthwhile. With the Economy turning around(slowly, but turning), the Price of Gold will plummet, unless Inflation begins to rise significantly.

Disclaimer: Not a Professional Investor or involved in the Industry, but Common Sense knows this.
 
If you bought a lot when it was low, then yes. Its an investement like anything else. Buy low sell high or keep it as insurance against paper currency. Its always good to spread the wealth around during turbulent times.
 
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