Should I buy GOLD???????

[30something]

I am considering buying some Gold to diversify my assets. What is the best way to buy gold. There seems to be three ways. 1- Exchange traded funds
2- buying companies related to gold like mining. 3- buying actual gold bullions and taking possesion.

I am leaning on buying gold bullions. but which are the best ones American Eagle or Buffalo.

How do I secure these bullions? Safety deposit Box?

Also I called GoldLine (presious metal dealer) and they keep encouraging This swiss franc (rare foreign coin) but there is a 30% commission at the time you sell back

 

[30something]

Damn is anybody home?

 

[Tripster]

No need for the porn here, I think its just been slow on the Business and Networking board, but I'm aiming to help change that.

Anyway, an exchange traded fund like GLD is a good bet if you want to be in gold. I personally own a bunch of Taseko Mines (TGB), which is a mining company based out of Canada. Very good financials with that company, and a relatively inexpensive stock (around $5 a share). I can see TGB at $25 a share in about 12-18 months.

Gold is usually a good place to be in times of economic uncertainty. I'm adjusting my portfolio to include about 15-20 in Gold or gold related stocks. I'm still researching which stocks/efts to be in. After I finish, I'll post here. Peace. Make money.

 

[30something]

I was considering actual gold coins. American eagle or Buffalo. Leave your responses it will be appreiated.

 

[kjxxxx]

I was considering actual gold coins. American eagle or Buffalo. Leave your responses it will be appreiated.

who is going to hold the coins for you? Will you be taking possession? Do you have somewhere secure to put it if you are taking possession? What will be the associated cost?

 

[30something]

who is going to hold the coins for you? Will you be taking possession? Do you have somewhere secure to put it if you are taking possession? What will be the associated cost?

These are all great questions:

I am looking at safe deposit box.

Have to look up cost and any associated insurances.

Was wondering if anyone has done this.

 

[TCapone]

Buy into a etf or open a commodity account gold will be over $1000 an oz by summer.

 

[kjxxxx]

That's why most people buy the ETF cause they don't want to bother with the physical stuff.

These are all great questions:

I am looking at safe deposit box.

Have to look up cost and any associated insurances.

Was wondering if anyone has done this.

 

[kjxxxx]

I was just listening to a link on of the member here sent me. In it the guest on the show pointed out that Goldman Sacks is shorting gold for 2008 and that they consider it the trade of the year. So they believe they are going to make a killing betting that gold is going to tank pretty much like they made a killing shorting real estate in 2007

http://netcastdaily.com/broadcast/fsn2008-0112-1.mp3
http://www.financialsense.com/fsn/main.html

 

[Disanddat]

I was just listening to a link on of the member here sent me. In it the guest on the show pointed out that Goldman Sacks is shorting gold for 2008 and that they consider it the trade of the year. So they believe they are going to make a killing betting that gold is going to tank pretty much like they made a killing shorting real estate in 2007

http://netcastdaily.com/broadcast/fsn2008-0112-1.mp3
http://www.financialsense.com/fsn/main.html

I saw that on reuters http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSL2989677420071129

I must admit being pretty nervous but I am hoping gold goes up. (Not trading directly but is will be favourable for the intstruments I have)

 

[^SpiderMan^]

I read that ETFs weren't that stable.That basically you are buying stock in a facility that houses gold/silver and that there really arent guarantees that the amounts are actually at that facility.Investing in a mining company is a possibility but even that seems a little off in that you arent investing only in the price of the metal going up but also in the company's ability to actually mine it.

Trapster what do you think of these ideas?

 

[30something]

bump

 

[BigATLslim]

Yes.

 

[kjxxxx]

Thanks for bringing this back. I was actually looking for that financial news link. I lost it when my machine crash. It used to be bookmarked and I forgot the name of the site.