How do i invest in Gold and redeem the money back?

Want to know how to go about buying gold as an investment like where to buy?, how much to invest? Gold is available in how many Grams denomination. And finally when I want to sell it, will I get a same amount as the market rate on that day and will I get the full amount?

Public Comments

1. If you want to hold the gold yourself, you need to go to a dealer. You will generally pay 15 dollars or so above its value, so he can make a profit. You can sell it back at the same place. I don't remember how small you can go, but 1 once is more common. You can also buy gold mining etf or even gold etf where you don't actually get the gold, the fund owns it and you own the fund.. Gold is usually a pretty bad investment.
2. You will get back the full value if you buy gold in the form of coins.Now almost all scheduled banks sell gold coins in the denominations of 1 gm,2gm,5gm, 10gms and even 20,50 gms. They are 24carats and of 99.9% purity.The banks won't buy back but you can sell it outside.
3. There are many places to buy gold such as Ebay,Apmex.com,local coin shops and pawn shops. How much to invest is only limited to how much money you can afford to spend. Gold is available in 1,2.5,5,10,100 grams then of course in ounces as well. Yes you would get spot price of that day and probably a little more. Just look at ebay and see the premiums paid above spot price any given day.
4. There is a lot of information about buying gold at this site.