How do you convert your money into Gold? How is it possible to buy Gold?
2007-06-12 14:37:16 · 5 answers · asked by Philladelphia 2 in Business & Finance ➔ Investing
Central Fund of Canada (American Stock Exchange: CEF) holds nothing but gold & silver bullion so you get exposure to the physical, and you don't have to worry about storage, delivery, insurance, etc.
One poster said he was told to only buy gold bars from Englehard and Johnson Matthey. They are the most recognized dealer.
Other web sites: www.bulliondirect.com
www.tulving.com www.apmex.com
www.kitgo.com www.gold-eagle.com
Disclosure: The above are not recommendations from me as I have not tried any of them. Just information for you to do your own research.
2007-06-12 14:49:45 · answer #1 · answered by gosh137 6 · 0⤊ 0⤋
I think Gold is sold as a commodity. Not sure. You can buy stock in individual companies. Rangold (GOLD ticker) on NASDAQ is an example.
2007-06-12 14:42:32 · answer #2 · answered by Max 7 · 0⤊ 1⤋
find a "Indian Jewelry store"
they do sell **24ct Gold biscuit bar**
1 troy oz =31.1033 grams
Market price ($653 on June 12, 2007) +Jewelry store fee ($10)
http://money.cnn.com/data/commodities/index.html
2007-06-12 16:11:51 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Buy gold coins. Don't buy those coins you see on TV though...go to a reputable coin dealer.
2007-06-12 14:40:16 · answer #4 · answered by Freethinker 6 · 0⤊ 0⤋
1) Open a brokerage account at Zecco and send them your money.
2) Buy the ETF IAU
3) You now have gold stored in a vault safely.
If you ever need your money back then all you have to do is Sell the ETF IAU and you get your money back in your brokerage account.
2007-06-13 09:38:38 · answer #5 · answered by Anonymous · 0⤊ 2⤋