gold bars gold dust
2006-12-05 14:43:24 · 3 answers · asked by bgillis6 2 in Business & Finance ➔ Other - Business & Finance
I have a better question: Why would you buy large amounts of gold?
Gold is the single worst investment there is. It has averaged 4% return over the last 150 years. That doesn't even keep up with inflation. In the 1980's, it sold for $900 an ounce (not adjusted for inflation). That's why they say it's at a 'twenty year high'. If they said twenty-five years, it would be worth less than in 1981. Over the last twenty-five years, it has realized NEGATIVE returns.
2006-12-05 14:51:54 · answer #1 · answered by normobrian 6 · 0⤊ 0⤋
Call up a commodities broker and go to the Chicago Mercantile Exchange for an up to the minute prices.
One contract is 5,000 oz.
2006-12-05 14:50:40 · answer #2 · answered by cf_fills 2 · 0⤊ 0⤋
You can invest in gold coins from any country you have faith in, for example American gold coins, Canadian maple leafs, and you can go to Merrill Lynch and others for advice.
GOD bless
2006-12-05 14:46:47 · answer #3 · answered by May I help You? 6 · 0⤊ 0⤋