Investment in Gold?
What is the best source to buy maple leaf gold coins or bullion in Toronto area, Canada. If some one was to hold it in physical form, what is the best way to save or minimize on comissions. thats not what I am saying. I just want to know the best source in Toronto Area.
Public Comments
- Gold is very high now. You sure you want to buy high?
- Coin shops will usually sell smaller ammounts of gold, or gold coins. (I will guess each shop should have a few ounces to sell). Bars of gold will be the most affordable and close to market value. Coins will almost always carry a premium. *The price of gold will only go up. The value of your dollars will only go down. So gold, or silver, are NEVER a bad investment.
- you can get it from certain coin dealers and certain jewellry stores but their is a buying commission and a selling commission. one Gold Maple Leaf is fun to own, but For lots, you are better off with a Gold ETF (GLD) or a gold share mutual fund (Obtainable at any bank) I have 1 gold maple leaf.....and $700,000 in RBC Precious metals fund
- I'm not excited about owning gold. But if I were, I would the ETF that is bullion based in gold. It track the price exactly. The ticker is GLD ... strange huh?
- The best place to get a good deal on metals is ebay by far!!! I also would not consider gold too much right now. It is going to increase but the 1000 dollar investment is a lot to shell out. It may have a 100-150% increase in the next 2 - 3 years whereas Silver is a better deal right now and will have a better percent increase over the next 2 or 3 years 300 % minimum and possibly as much as 500% !!!. Easier investment and better return! Go with silver right now!
Powered by Yahoo! Answers