Home › Forums › Financial Markets/Economics › How to buy gold?
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peterb.
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February 8, 2009 at 9:37 PM #343626February 8, 2009 at 10:11 PM #343083
Hatfield
ParticipantI agree, it seems like a good idea to hold some amount of gold in a form you can touch. Last time I checked (back in October) the big problem with coins was that due to the 1 oz coin shortage the coin dealers were all charging hefty premiums. This wasn’t an issue with kilobars, only with coins. You couldn’t even get Gold Eagles or Krugerrands, but Maple Leafs were still available. I’ve never owned a kilobar so I’m not too familiar with them. I don’t know how liquid they really are. That, and of course you need to have ~ $24k loose that you can drop in one shot. At the time I checked, the primary attraction of the kilobar is that the premium was 2%. Otherwise, if the premiums are the same which is ordinarily the case, coins are obviously the way to go.
BTW, as noted previously, Cellar Coin on Garnet is a great shop, as is SD Coin on Clairemont Mesa.
February 8, 2009 at 10:11 PM #343409ParticipantI agree, it seems like a good idea to hold some amount of gold in a form you can touch. Last time I checked (back in October) the big problem with coins was that due to the 1 oz coin shortage the coin dealers were all charging hefty premiums. This wasn’t an issue with kilobars, only with coins. You couldn’t even get Gold Eagles or Krugerrands, but Maple Leafs were still available. I’ve never owned a kilobar so I’m not too familiar with them. I don’t know how liquid they really are. That, and of course you need to have ~ $24k loose that you can drop in one shot. At the time I checked, the primary attraction of the kilobar is that the premium was 2%. Otherwise, if the premiums are the same which is ordinarily the case, coins are obviously the way to go.
BTW, as noted previously, Cellar Coin on Garnet is a great shop, as is SD Coin on Clairemont Mesa.
February 8, 2009 at 10:11 PM #343517ParticipantI agree, it seems like a good idea to hold some amount of gold in a form you can touch. Last time I checked (back in October) the big problem with coins was that due to the 1 oz coin shortage the coin dealers were all charging hefty premiums. This wasn’t an issue with kilobars, only with coins. You couldn’t even get Gold Eagles or Krugerrands, but Maple Leafs were still available. I’ve never owned a kilobar so I’m not too familiar with them. I don’t know how liquid they really are. That, and of course you need to have ~ $24k loose that you can drop in one shot. At the time I checked, the primary attraction of the kilobar is that the premium was 2%. Otherwise, if the premiums are the same which is ordinarily the case, coins are obviously the way to go.
BTW, as noted previously, Cellar Coin on Garnet is a great shop, as is SD Coin on Clairemont Mesa.
February 8, 2009 at 10:11 PM #343545ParticipantI agree, it seems like a good idea to hold some amount of gold in a form you can touch. Last time I checked (back in October) the big problem with coins was that due to the 1 oz coin shortage the coin dealers were all charging hefty premiums. This wasn’t an issue with kilobars, only with coins. You couldn’t even get Gold Eagles or Krugerrands, but Maple Leafs were still available. I’ve never owned a kilobar so I’m not too familiar with them. I don’t know how liquid they really are. That, and of course you need to have ~ $24k loose that you can drop in one shot. At the time I checked, the primary attraction of the kilobar is that the premium was 2%. Otherwise, if the premiums are the same which is ordinarily the case, coins are obviously the way to go.
BTW, as noted previously, Cellar Coin on Garnet is a great shop, as is SD Coin on Clairemont Mesa.
February 8, 2009 at 10:11 PM #343641ParticipantI agree, it seems like a good idea to hold some amount of gold in a form you can touch. Last time I checked (back in October) the big problem with coins was that due to the 1 oz coin shortage the coin dealers were all charging hefty premiums. This wasn’t an issue with kilobars, only with coins. You couldn’t even get Gold Eagles or Krugerrands, but Maple Leafs were still available. I’ve never owned a kilobar so I’m not too familiar with them. I don’t know how liquid they really are. That, and of course you need to have ~ $24k loose that you can drop in one shot. At the time I checked, the primary attraction of the kilobar is that the premium was 2%. Otherwise, if the premiums are the same which is ordinarily the case, coins are obviously the way to go.
BTW, as noted previously, Cellar Coin on Garnet is a great shop, as is SD Coin on Clairemont Mesa.
February 8, 2009 at 10:42 PM #343098Sandiagon
ParticipantAs per my analysis, gold may not hold present price (Around $900) for a longer time. Price may go down in next 6 months to one year. At present it is better to keep some money in different foreign currencies (Canadian, Euro, pound, etc…). Dollar may lose values (at least 20% in next six months to two years. Make sure invest in foreign currencies that are convertible to US dollar pretty easily.
February 8, 2009 at 10:42 PM #343424ParticipantAs per my analysis, gold may not hold present price (Around $900) for a longer time. Price may go down in next 6 months to one year. At present it is better to keep some money in different foreign currencies (Canadian, Euro, pound, etc…). Dollar may lose values (at least 20% in next six months to two years. Make sure invest in foreign currencies that are convertible to US dollar pretty easily.
February 8, 2009 at 10:42 PM #343532ParticipantAs per my analysis, gold may not hold present price (Around $900) for a longer time. Price may go down in next 6 months to one year. At present it is better to keep some money in different foreign currencies (Canadian, Euro, pound, etc…). Dollar may lose values (at least 20% in next six months to two years. Make sure invest in foreign currencies that are convertible to US dollar pretty easily.
February 8, 2009 at 10:42 PM #343560ParticipantAs per my analysis, gold may not hold present price (Around $900) for a longer time. Price may go down in next 6 months to one year. At present it is better to keep some money in different foreign currencies (Canadian, Euro, pound, etc…). Dollar may lose values (at least 20% in next six months to two years. Make sure invest in foreign currencies that are convertible to US dollar pretty easily.
February 8, 2009 at 10:42 PM #343656ParticipantAs per my analysis, gold may not hold present price (Around $900) for a longer time. Price may go down in next 6 months to one year. At present it is better to keep some money in different foreign currencies (Canadian, Euro, pound, etc…). Dollar may lose values (at least 20% in next six months to two years. Make sure invest in foreign currencies that are convertible to US dollar pretty easily.
February 9, 2009 at 9:24 AM #343135partypup
Participant[quote=LarryTheRenter]Aren’t the chances of having the actual physical gold stolen from your house far greater than the risks of the ETF going bust???? Maybe diversify with GLD, IAU and another ETF with mostly the miners (GDX???)…Maybe then buy a small % of the physical stuff if it makes you feel good…..Also it is fun at a party to whip out your gold bar and show it off![/quote]
Larry, whipping your gold out at parties is precisely the kind of move that WILL increase the chances of someone stealing your metals from your house! Come on, now. If you have a safe, the idea is not to let others know that it exists or that you have anything of value worth putting in it. The odds of someone randomly coming into your house and HOPING to find a safe hidden somewhere are very slim. Or at least a lot slimmer than the chances of losing your ETF investments in a financial system that is collapsing as we speak.
February 9, 2009 at 9:24 AM #343459Participant[quote=LarryTheRenter]Aren’t the chances of having the actual physical gold stolen from your house far greater than the risks of the ETF going bust???? Maybe diversify with GLD, IAU and another ETF with mostly the miners (GDX???)…Maybe then buy a small % of the physical stuff if it makes you feel good…..Also it is fun at a party to whip out your gold bar and show it off![/quote]
Larry, whipping your gold out at parties is precisely the kind of move that WILL increase the chances of someone stealing your metals from your house! Come on, now. If you have a safe, the idea is not to let others know that it exists or that you have anything of value worth putting in it. The odds of someone randomly coming into your house and HOPING to find a safe hidden somewhere are very slim. Or at least a lot slimmer than the chances of losing your ETF investments in a financial system that is collapsing as we speak.
February 9, 2009 at 9:24 AM #343567Participant[quote=LarryTheRenter]Aren’t the chances of having the actual physical gold stolen from your house far greater than the risks of the ETF going bust???? Maybe diversify with GLD, IAU and another ETF with mostly the miners (GDX???)…Maybe then buy a small % of the physical stuff if it makes you feel good…..Also it is fun at a party to whip out your gold bar and show it off![/quote]
Larry, whipping your gold out at parties is precisely the kind of move that WILL increase the chances of someone stealing your metals from your house! Come on, now. If you have a safe, the idea is not to let others know that it exists or that you have anything of value worth putting in it. The odds of someone randomly coming into your house and HOPING to find a safe hidden somewhere are very slim. Or at least a lot slimmer than the chances of losing your ETF investments in a financial system that is collapsing as we speak.
February 9, 2009 at 9:24 AM #343595Participant[quote=LarryTheRenter]Aren’t the chances of having the actual physical gold stolen from your house far greater than the risks of the ETF going bust???? Maybe diversify with GLD, IAU and another ETF with mostly the miners (GDX???)…Maybe then buy a small % of the physical stuff if it makes you feel good…..Also it is fun at a party to whip out your gold bar and show it off![/quote]
Larry, whipping your gold out at parties is precisely the kind of move that WILL increase the chances of someone stealing your metals from your house! Come on, now. If you have a safe, the idea is not to let others know that it exists or that you have anything of value worth putting in it. The odds of someone randomly coming into your house and HOPING to find a safe hidden somewhere are very slim. Or at least a lot slimmer than the chances of losing your ETF investments in a financial system that is collapsing as we speak.
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