How & where do you buy gold?

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in Investing

wonder.bread11 asked:


My husband said we could buy funds that invest primarily in gold but wouldn’t it be safer now to physically have the gold? What is the difference between bullion bars vs gold coins? Thanks!! :)

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{ 1 comment }

Common Sense

Very few professional traders use Bullion or gold coins…… Both are expensive to ship and store and are always subject to very high rip-off commissions (mostly hidden fees… in the price).

The ETF “GLD” invests 100% in gold. Most on-line brokers will sell you plenty for between $4.95 and $14.95 commision. This ETF has more gold than most countries. You can trade these shares every trading day. They are always liquad.

WARNING: Do not invest more than 2% of your investment portfolio into gold…. The risks are simply way too big. As a general rule I would caution anyone without years of trading experiance from buying any metal.

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