How do I invest in gold and silver?
hi, i live in Va and would like information on investing in gold and silver. i am new so i need very beginning to end information. I am not sure how to find gold or silver traders so please let me know. thanks
Public Comments
- talk to your banker
- I use Kitco's pool accounts. I've been extremely succesful with them.
- First, read the FAQ in the link below. Second, decide what kind of gold/silver you want (coins, bars, exchange-traded gold/silver, certificates, etc.) Third, buy low and sell high (If you wnat to make money, this step is the most important!)
- I made that mistake 25 years ago. Don't do it. You have to be very savvy and attentive to daily prices as well as trends that influence the price of precious metals. I just sold some gold coins that I was conned on years ago and lost about 2/3 of my investment. The only coins to buy are bullion-they are always worth the price of an ounce of gold-which goes up and down. You can also buy gold or silver in bars which are easily traded. No more than 5% of your investments should be in precious metals. If you insist on pursuing this Monex is a reliable company-go online and get the info at Monex.com.
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