I want to invest some money in Gold. Where should I look, should I invest in coins, bullion or ETFs? What should I do? What is the most lucrative and what is the most safest should some kind of depression or recession come around?
Please give me the basics.
2007-10-12 13:07:15 · 5 answers · asked by Jason 5 in Business & Finance ➔ Investing
As far as gold is concerned I would buy gold mining stocks now such as Yamana Gold or Barrick Gold. They should report a nice quarter with the rise up on gold. I agree with others, buy some buillion for now wait for gold to get down to 720 and get into the ETF.
2007-10-12 15:08:52 · answer #1 · answered by Greg M 2 · 0⤊ 0⤋
My preference would be bullion. You know that Gold went up from around 300 to 700 on a steady increase over the past 5 years. If the US dollar keep weakening Gold is an excellent choice.
Personally, I prefer bullion.
2007-10-12 20:36:47 · answer #2 · answered by whuz007 3 · 0⤊ 0⤋
Here's a couple of links for you. The first is gold, the second silver. It is a very convenient way to get in without having to take possession or pay rent for storage. It is a good idea.
2007-10-12 20:19:59 · answer #3 · answered by Rabbit 7 · 0⤊ 0⤋
Before you invest, research the history of precious metal prices. They can be very volatile.
2007-10-12 21:00:19 · answer #4 · answered by npk 7 · 0⤊ 0⤋
good move.
2007-10-12 20:59:13 · answer #5 · answered by Anonymous · 0⤊ 0⤋