can a ordinary citizen buy one gold bar in BSP? can i also sold back the gold i bough in BSP in later time if the price when up?
2007-06-05 20:00:21 · 3 answers · asked by bernard s 1 in Business & Finance ➔ Other - Business & Finance
It changes everyday and will fluctuate throughout the day. Gold is a commodity.
http://www.kitco.com/charts/livegold.html
2007-06-05 20:10:19 · answer #1 · answered by Snaglefritz 7 · 0⤊ 0⤋
You should be aware that hiding your assets can be illegal and get you sent to jail. It all depends on what kind of "snooping" you expect. If you are trying to hide assets from the IRS or from bankruptcy proceedings, you should immediately rethink your ideas. You would be committing fraud and no one will have any sympathy for you if you're caught. To answer your question, yes you can buy gold and expect to sell it later at whatever the market price is at the time. You won't get full retail because the dealer needs to make a profit. Be forewarned that the price of gold can be extremely volatile. Based on performance during the last 30 years, you might make a large profit, or you might lose 50-75% of your investment. It all depends on how the market performs during your holding period.
2016-05-17 22:24:36 · answer #2 · answered by jerri 3 · 0⤊ 0⤋
yes you can buy a bar of %99.99 pure gold, it will cost you approx $10,000 per 16 ounces. You can sell it back at marked value whenever you want.
2007-06-05 20:04:25 · answer #3 · answered by Anonymous · 0⤊ 0⤋