Jason asked:
I want to invest some money in Gold. Where should I look, should I invest in coins, bullion or ETFs? What should I do? What is the most lucrative and what is the most safest should some kind of depression or recession come around?
Please give me the basics.
Related posts:
- Should I continue to buy 20 franc gold pieces (.1867 oz gold.90 fine)? SouthernLiberty asked: Since purchasing these 20 franc pieces (not for...
- how do you invest in gold? Carol B asked: what is the safest way? Our brokerage...
- How do I invest in Gold? Frustrated asked: I would like to know how to invest...
- Is this a good time to be investing in precious metals? LUKE M asked: With the economic meltdown, is now a...
- Gold Coins A Good Investment? CAT^ asked: From my research, I’ve learned that US gold...
{ 4 comments }
Here’s a couple of links for you. The first is gold, the second silver. It is a very convenient way to get in without having to take possession or pay rent for storage. It is a good idea.
My preference would be bullion. You know that Gold went up from around 300 to 700 on a steady increase over the past 5 years. If the US dollar keep weakening Gold is an excellent choice.
Personally, I prefer bullion.
Before you invest, research the history of precious metal prices. They can be very volatile.
As far as gold is concerned I would buy gold mining stocks now such as Yamana Gold or Barrick Gold. They should report a nice quarter with the rise up on gold. I agree with others, buy some buillion for now wait for gold to get down to 720 and get into the ETF.