How do you invest in gold? Are those businesses that offer 'gold' as an?

investment worth their salt? If you have had experience in gold investing, any info would be great!! Thanks in advance!!!

Public Comments

1. if you want gold, then just buy a gold ETF or ETN, like the GLD or something. no point in owning physical gold - you'll have insurance costs, etc. it's more efficient to just have someone else take car of that for you automatically.
2. Two ways to invest in gold. The best way is to buy stock in bullion companies. The stock goes up and down. You call up the stock broker and tell him when to buy or sell. The second way is to purchase the bullion yourself. Of course you will have to buy at retail and sell at wholesale. The price has to do tremendous gains before you make a profit since you will have to sell at wholesale prices. The business's that offer gold as an investment usually fall into the later category. They buy at wholesale and sell it to you at retail so they make a profit. You have to sell at wholesale to get your money back. Almost always at a loss.
3. Actually if your thinking of investing in Gold right now, I'd be very careful in doing so. the old saying is: you want to buy low and sell high. gold is at,or near the all time highest price ever....this isn't the best time to purchase it. Now there are ones out there who are predicting the price to jump up even higher than $1000/Oz. No matter what your choice is....its a gamble! if you would have purchased Gold when the price was $350/Oz, then sell it now....you would almost triple your investment. but to purchase it at $1000/Oz, unless you really feel comfortable in possibly losing your investment, then do what YOU think is Best. Good luck!
4. Gold is not an investment, it is a hobby or a hedge. If you had bought $800 worth of gold in 1978, it would be worth about $1000 today. If you had bought $800 worth of Dow stocks in 1978, it would had lost a lot of value lately, and be worth a mere $7,500 today. Which sounds the smarter investment to you, turning $800 into $1,000, or turning $800 into $7,500? Don't be suckered by gold salesmen...gold has zero earning power, it just sits there and tarnishes...