What website or place do I go to to buy ounces of gold?
The cheapest way to Buy Gold is with the exchange traded fund GLD. One share is 1/10 ounce of gold. There are quite a few gold stocks that you can buy. The largest company is ABX. That is the ticker. Others are NEM, GG, UXG. There are also mutual funds that invest in gold and silver mining companies. Fidelity Canada fund hold some gold stocks. Ticker FICDX. Select Gold Portfolio is all gold mining stocks I think. Ticker FSAGX. There are several gold mining index funds also. GDX is one. PSAU another.
You must open a broker account to buy any of these. Scottrade is an inexpensive on line broker.
7 Responses to “How or where can I buy Gold and Gold Stocks?”
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If you have to ask this question there is a VERY high probability that you are going to take a beating in this exchange.
Start with your stock broker or IRA fund manager. They can purchase metals (gold, silver, platnum) or stock in various companies that mine, process, sell these metals. There are many, complicated and severe laws about US citizens (I assume you are in the US) purchasing / trading in precious metals.
If you are worried about loosing your portfolio value then, again, call your fund manager. There are very solid strategies that reduce your risk.
If you are trying to make a quick buck with the secret knowldege that inflation will rise and gold will too then refer back to paragraph one. You are about to loose your arse.
The fastest way to make money, and lots of it, is to do what you love exceedingly well and people that want what you do will pay exceedingly well.
Good Luck
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I believe your talking coins/ or small bullion ? Coins are your best bet in that they are more easily sold.
Start by calling around to your local coin shops, see what condition and premiums they place on their coins.
$25 above spot (goldline.com) to sell $25 below buy is fair.
Although I am looking for a correction to the 930-40 range in the nearterm. If it somehow drops into the 880-900 range buy with both hands.
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I would stay away from gold it's so inconsistent you never know whats going to happen with it here are 10 nice stocks that you can invest in though. http://davesstockpicks.blogspot.com/
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You can take a look here. They usually have some
http://gold.buy-a-rama.com/buy/1+oz+gold+bar
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The cheapest way to buy gold is with the exchange traded fund GLD. One share is 1/10 ounce of gold. There are quite a few gold stocks that you can buy. The largest company is ABX. That is the ticker. Others are NEM, GG, UXG. There are also mutual funds that invest in gold and silver mining companies. Fidelity Canada fund hold some gold stocks. Ticker FICDX. Select Gold Portfolio is all gold mining stocks I think. Ticker FSAGX. There are several gold mining index funds also. GDX is one. PSAU another.
You must open a broker account to buy any of these. Scottrade is an inexpensive on line broker.
References :
AIG was be a best stock to invest if you plan to invest for a long term, because AIG is too big to fail and beside AIG no longer need government bailout money. if you invest in AIG are now you returning profit is 10-30 times in 3-5 years.
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Before choosing any specific type of gold investment (because there are various forms of it), I would recommend you reading about the scale of possible risks with gold and silver bullion investment.
Depending upon what type of bullion investment you choose, you can be subject to specific pros and cons. More details about these pros and cons in this post http://www.freeinvestmentblog.com/free-investment-tips/circulated-silver-coins-how-to-buy-junk-silver-coins/
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