What's The Best Way To Buy Gold?

Thanks in advance.

Sorry.

when it's high, you want to sell.

not a great time to buy gold.

if you are worried about a collapse... food, water, guns, bullets...

they would be a better investment.

you can't eat gold. you can't drink it...

please tell Randi Rhodes.

There's a 50-50 chance that McCain will win this election, and that means war in Iran in 2010. Another war in an oil producing state will create chaos in the world's economy. Also, we will experience hyper-inflation here at home because governments inflate their currencies when they're at war in order to pay for it, esp. since McCain will cut taxes and fight a war in Iran.


Buying gold now, even though it's expensive, may be the best investment to make right now.

Raise taxes significantly or hyperinflate your currency. Most often the latter is chosen, therefore gold is a good investment during war.

He cannot get a war in Iran passed AND ask for any sacrifices at all from the American people.

So, they will inflate the money supply to pay for the cost of the war.

Also, a war in Iran will go on for years and years. It will not be easy, and it will not be pretty.

you either believe that things will recover or they will not.



if they will not, then gold is a ridiculous investment. its price is too high. it can only go down. you can't eat it. bad choice.

if you think they will, then buy what anyone with money buys in a downturn. things that are bargains. in this market? stocks. land. houses.

for the small time investor with not a lot of money? invest in food and water and guns and ammo.

your best bet...

If McCain wins, things will get much, much worse. We will have a full fledge depression with three raging wars in the Middle East.

We will also have hyper-inflation.

Owning gold would give me the option to leave the U.S. with an appreciating currency of some sort to buy my citizenship in another country.

it doesn't work that way. gold is worth what people are willing to pay for it. sometimes its high (like now), sometimes its low. this is in a normal economy. folks engaging in the speculation of the price of gold, like they speculate in the price of oil.

what you are betting on here is a collapse. a full fledged economic depression. then your speculation would prove to be the worst case scenario.

own all of the oil or gold you can. and then tell me, when you are hungry? what do you eat? when you are thirsty? what do you drink? when it all collapses, what exactly is your gold worth?

you want to run away to another country that has it better when the united states economy collapses? really? when the united states economy collapses, do you really think that there is a place on earth that won't experience that same fucking collapse?

eh, go ahead. buy gold. wtf. if it makes you feel better...

:P

otherwise don't bother.

Oh, and make sure you have a safe to keep it in. It's a thief magnet.

There are loads of Depression stories about how people traded things like gold cigarette cases for only a few meals.

If things get truly bad, gold won't save you.

Countries come and go...empires rise and fall, but gold remains constant. I think the only time gold would stand a chance of becoming worthless would be an ELE. (Extinction Level Event).

I always recommend American gold eagle bullion coins. Shop around to get the best price.

Warning: Do not buy uncertified pre-1933 US gold coins unless you are able to tell the difference between real and counterfeit. Reputable coin certification services are PCGS, NGC, ICG and ANACS. Avoid other services.

That way you can pay what you want.

But I never buy unless it's on sale.

Olympic gold medals are actually gold plated sterling silver. The last real gold Olympic medal was during the 1912 games.

(A good Olympic trivia question)

Scroll and find the Olympic Trivia Tidbits section.

http://roadtobeijing.org/Portals/0/docs/USOC_2008_ViewersGuide.pdf

However, the gold medals are required by the IOC to contain at least 6 grams of gold.

More info:

http://www.marketwatch.com/News/Story/Story.aspx?guid={6D995B86-A2F3-489A-A89E-0EE7EFCAB03A}&siteid=nbkh

http://www.monex.com/prods/gold_eagle.html

Their identity is assured, no need for assays etc. when selling.

very much.

Many of them carry gold coins. Don't look for old or collectible gold coins, get the newer mass-produced commodity ones like American Eagles, Canadian Maple Leafs and South African Krugerrand. Collectible coins are more expensive than the new ones, but in a serious economic downturn it will probably be hard to find someone willing to pay extra just because a coin is collectible. You may want to diversify with some silver and platinum as well. If you have a lot of money to invest, you can get precious metals in bar form as well as coins.

Gold just went through a big price drop following oil, and it's bound to go up just as oil will, so now is a pretty good time to buy. Of course, if civilization really collapses, gold won't be worth much until some kind of economy gets rolling again. Food, water, guns, ammo, fuel, vehicles and the means to make more of those things will be the most valuable commodities if the network really breaks down.

I used to buy Krugerrands a long time ago, and the premium was like $40 per 1 oz coin.

Then..... who cares?

nt

If there is an economic collapse in this country no one is going to care if you have gold, maybe foreign banks but good luck contacting them letting them know you have gold.

The gold/silver ratio is usually about 52-55. It's running over 60 right now.

Best bet? Silver Eagles...but you'll pay a premium. After that, silver rounds (like a coin but not legal tender) from major assayers. Then, depending on your plans, either bullion (again, from major assayers) or "junk silver" (pre-1965 U.S. legal tender. - and (except for the "junk" silver) ALL .999 fine...no sterling.

If I had $10k lying around right now, I'd buy all the silver I could find.

I've heard investment professionals recommend that.

To anyone who knows about this stuff:

Some places sell gold bars (small ones) that have 24k gold as well as other information printed on them. Are these good buys?

When you buy gold coins, is part of the price based not on the gold, but on the collectibility of the coin? What's the best place and type to buy if you just want gold?

Are there reputable places on line?

But they way to buy it is in shares.
Tradeable, and you don't have to sleep on it with a shotgun.

You can wear it, or trade it in for something nicer. Make sure it's on sale. I tend to do well with jewelry stores that are going out of business.

No matter what form you're buying it in you're going to buying at retail. And selling at wholesale.

Consider gold mine stocks as an alternative.

early in spring and made some good money on it. It was several rings and a bracelet that my wife no longer wanted, netted us nearly $400.

OP, if you forsee a situation in the US where gold is preferable to currency, you should also have a few guns.


mark

If you are buying it for investment, or if for use in emergency situations, remember that gold is like anything else - it is only worth what you can get for it.
You can sell it to a gold buyer or a jeweler, but remember that a typical jeweler's markup is 400%, so you will get hosed.

I just saw where their is some speculation that gold will go to $1000/oz and higher. That reminded me of an aquaintance about 30 years ago (gold was around $700/oz, up from under $400). He ABSOLUTELY KNEW that gold would go over $1000/oz, and sold everything he had , cashed in his pension, sold his home and business to buy all the gold he could get, up to a little ove $800/oz. It tanked, he lost every dime, and last I saw him he was working as a limo driver, living in a single rented room.

I don't know why you want to own a lot of gold, but be aware there are a lot of people who make their living buying and selling it, and they will make a lot of money on your transactions either way.

Good luck.

mark

lots of it.

Send me your money, and I promise that if I send anything back, it will be authentic Phools Gold.

is guaranteed, and it is easily authenticated. Scams involving Au on paper have always been pretty common and the investors always lose big.