How Do You Buy Gold???

[suburbmom]

I've been hearing a lot from people to buy gold and that it would be safer to do than any other investment. So my question is how do you do it? Are you physically buying actual gold? like gold bars? I am asking b/c we do have some money and I want to be able to diversify. I would greatly appreciate any advice. Thanks

[A&A]

www.apmex.com

[Violet2]

Always take physical possession. Always.

I also think you've missed the gold train although with inflation coming, you might still end up ahead or break even. I think it's trickier now than it was six months ago.

Google, google, google, read, read, read.

Lastly, there is a precedent for govt confiscation so consider going to coin shows and paying cash and leaving no paper trail if possible. But you can be cheated that way and have a learning curve re: who is reputable and who is not.

V

[Jyotsna]

I'll qualify that I don't know much about gold buying, but many people buy gold in the form of jewelry, which is easier to "hide" as assets if/when the shtf.

One of the best places to get good gold is at Indian jewelry markets. You have to find the source, and keep up with when they will come. I see europeans shopping gold like crazy. I did shop gold jewelry in the past, and have a few pieces for just in case the shtf. But it won't last long relatively.

The difference from gold bars and jewelry, is that you can wear jewelry under your clothing, the whole family can wear it under their clothing if you have to take it somewhere to sell it. You don't want to attract alot of attention with gold, so jewelry is one way to avoid unnecesary attention.

http://www.shahji.com/indian-jewelry...lace-sets.aspx
These are necklaces which could be worn for fun, and also kept in your safety deposit box at the bank. If you pay cash, that would be even better.

When I get into the position to buy gold again, I will buy some heavy jewelry like a necklace. Rings just are too small to get any weight.

[koalove]

i would like to suggest that you buy silver. both gold and silver seem to be holding on at a semi constant price after a bug dip months ago, that gold still hasnt recovered from. i got all excited at the gold and silver frenzy and bought 1 oz. of gold for 1020$, and about 1500$ worth of silver, in one oz. coins, for 21$ each. the market took a dive a week later and silver is finally back up to about 14 dollars, and i think gold, which i had to sell for a huge loss, is back up to about 850$ (they change from moment to moment.) so the thing is, silver goes up and dow in smaller amounts, say, a dollar or so, vs. gold, which goes up and down by 20$, but percentage wise, siver makes more, more quickly. ykwim? you can buy 1 oz. of gold for 850, and make, say, on a good day, 20$, or you can buy, for the same money, 42 oz. of silver, and make a dollar on each one~ 42$, on a good day. but like i said, they are both steady right now, not in that upward climp they once were in. look at kitco.com for real time prices and history of both. i just loooked and silver is back down to 12 and change, and gold is at 870, down from 910$, 3 days ago. so when i buy it, i go to a coin shop. the gold typically comes in a tiny bar, and silver in coins, or the same tiny bars, 1 oz per item. they look up the live price, add their %, usually anywhere from 60 cents to 1.50. i would not pay 1.50 personally, but i shop around. when you sell it back, you do the same thing~ take it in, they look up the price, and add subtract an amount, giving you less than the live price. thats it! if you buy it, youll find yourself looking at the chart daily...it becomes an obsession! have fun!