How to buy precious metals as an investment?

[edprush]

I don't want the actual bullion in my posession.


I'd prefer not to buy stocks in a gold mining company.

How do I invest in gold.

I don't know a thing about options.

Yes, I am dumb.

 

[Whoozyerdaddy]

1. Go down town...
2. Look for guy in trench coat selling gold watches...
3. ...?
4. Profit!

 

[vi edit]

Stock symbols GDX or GLD

 

[neovan]

Go to a brokerage house and tell them you're interested in buying commodities.

 

[poncherelli2]

streetTRACKS Gold Shares GLD Specialty-Precious Metals streetTRACKS Gold Trust 2.86% (4.62%) 16.79% 29.83% N/A
iShares COMEX Gold Trust IAU Specialty-Precious Metals iShares Trust 2.83% (4.95%) 16.24% 29.40% N/A
iShares Silver Trust SLV Specialty-Precious Metals iShares Funds 3.84% 2.80% N/A N/A N/A
Market Vectors Gold Miners GDX Specialty-Precious Metals Van Eck Funds 3.71% (2.06%) N/A N/A N/A

Here is some of the first precious metals etfs i found through yahoo finance, this might be what you are looking for.

 

[DaveSimmons]

Before you do, look at the 10- and 20-year growth in value of those investments.

If you're planning to buy and hold, I'd suggest you go to vanguard.com and buy a stock index mutual fund instead

 

[JS80]

Originally posted by: vi_edit
Stock symbols GDX or GLD

GDX = Gold miners
GLD = Gold futures

Why would you buy gold now? It's like buying internet stocks in 1999. Gold will be worthless in the future. Might as well horde sea shells.

 

[Firebot]

Originally posted by: JS80

Originally posted by: vi_edit
Stock symbols GDX or GLD

GDX = Gold miners
GLD = Gold futures

Why would you buy gold now? It's like buying internet stocks in 1999. Gold will be worthless in the future. Might as well horde sea shells.

As long as women exist, gold will always have a price. Gold is also an amazing conductor.

 

[DaveSimmons]

Originally posted by: Firebot
As long as women exist, gold will always have a price. Gold is also an amazing conductor.

Yes, but the price per ounce declined steadily from 1980 - 2001, and since 9/11 has only climbed back up to the 1980 peak. That's before adjusting for inflation.

 

[JS80]

Originally posted by: Firebot

Originally posted by: JS80

Originally posted by: vi_edit
Stock symbols GDX or GLD

GDX = Gold miners
GLD = Gold futures

Why would you buy gold now? It's like buying internet stocks in 1999. Gold will be worthless in the future. Might as well horde sea shells.

As long as women exist, gold will always have a price. Gold is also an amazing conductor.

Yes, but I predict cheaper alternatives to gold conductors will be invented in the future. Also, other metals are replacing Gold in jewelry.

 

[edprush]

Originally posted by: JS80

Originally posted by: vi_edit
Stock symbols GDX or GLD

GDX = Gold miners
GLD = Gold futures

Why would you buy gold now? It's like buying internet stocks in 1999. Gold will be worthless in the future. Might as well horde sea shells.

It's not for me. I dude I work with wants to buy gold. I told him that the run is over....for some reason, he says it is going to go up because the democrats are in power. wtf.

 

[unsped]

your coworker is right, with more gay marriages, wedding band demand will be higher than ever.

 

[jfall]

i'd buy into a mutual fund that invests in precious metals.