Can someone tell me a bit about investing in gold? For instance...?

Question

I have an online brokerage acct that I handle myself (but I'm brand new to it - it's TD Ameritrade). Can I buy gold through something like that? Is it just like going into a pawn shop or something and buying broken gold? Is it buying gold certificates?

I hear all the time that gold is a good investment - but I don't know if a) that's true or b) how to do it.

Any help is appreciated. Thanks.

Answer 1

There are two ways to invest in gold. From your TD account, you can buy gold certificate. Basically, it's a piece of paper that says you own a certain amount of gold. The value of the gold certificate goes up and down just like gold.

Or if you prefer owning actual physical gold, you can buy gold coins or gold bars from banks or local coin shops. Pick the one that says 9999, it means .9999 pure. I recommend Canadian Maple Leaf Gold Coin. The best quality in the world.

Good luck

Answer 2

In my knowledge, there are five ways to invest gold (at least three are)

1. Buy certificate (I didn't do this my self)
2. Buy physical gold, you can get this from many brokers. I personally trust Credit Suiss 9999 one-once gold
3. Buy electronic gold, they are handled by London Gold Exchange. You can have them delivered, but they can stay as electronic record
4. Buy Gold future, this one is not really buying gold, but you pay a premium and can have it delivered in a future time, or trade away before expiration
5. Buy Gold Future Option, this is more of an all-or-none type. you pay a tiny premium. In an idea setup: If gold price go up, you can buy gold at cheaper price, if gold price go down, you just dicard your tiny premium. reality is not so ideal, but clost enough.

Answer 3

Don ot buy gold bullion, invest in newer gold exploration companies. Ones that have not yet mined for the gold but are ready to.

Answer 4

Gold 101 and More ...

http://www.zealllc.com/2002/gold101.htm

http://www.investmentu.com/IUEL/2003/20031111.html

http://metals.about.com/gi/dynamic/offsite.htm?zi=1/XJ&sdn=metals&zu=http%3A%2F%2Fwww.gold.org%2Fvalue%2Finvest%2F

That is pretty much all the info you would be looking for ..

Even i am interested in Investing in Gold but i am not sure if the current price is the best .. i daily check the price at -

http://money.cnn.com/data/commodities/

Hope , you find this answer helpful :)