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#1
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Golden Eagles, Canadian Maple, bullion
I've just started looking into gold.
These are some pretty basic questions I guess. I'm new at this. Can you buy gold bullion at the spot price and if so where? Is there an advantage to buying Golden Eagles or CanadianMaples at a higher price than bars. I've looked into Kitco and Monex. Any help would be appreciated. Thanks |
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#2
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Are you buying on speculation or just because you want some gold? The time
to buy on spec is passed IMHO. Not that I know much about it but it would seem to me buying alot of gold now would be like the guy who always buys stocks when the price is up and sells if they go down. I may be totally wrong but I think alot of money is about to leave gold and go back into stocks. When that happens the price of gold is coming back down. I'm in the market to add a gold coin to my collection but I'll wait the price settles back down to the $300-$320 range. "REDCRESTEDCARDINAL" wrote in message ... I've just started looking into gold. These are some pretty basic questions I guess. I'm new at this. Can you buy gold bullion at the spot price and if so where? Is there an advantage to buying Golden Eagles or CanadianMaples at a higher price than bars. I've looked into Kitco and Monex. Any help would be appreciated. Thanks |
#3
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"slim silver" wrote in message . com... Are you buying on speculation or just because you want some gold? The time to buy on spec is passed IMHO. Not that I know much about it but it would seem to me buying alot of gold now would be like the guy who always buys stocks when the price is up and sells if they go down. I may be totally wrong but I think alot of money is about to leave gold and go back into stocks. When that happens the price of gold is coming back down. I'm in the market to add a gold coin to my collection but I'll wait the price settles back down to the $300-$320 range. Thats probably a realistic guess, but its only that. No one can predict with any reliability what the economy, the stock market, or any commodity will do over more than a very short period of time. "REDCRESTEDCARDINAL" wrote in message ... I've just started looking into gold. These are some pretty basic questions I guess. I'm new at this. Can you buy gold bullion at the spot price and if so where? Is there an advantage to buying Golden Eagles or CanadianMaples at a higher price than bars. I've looked into Kitco and Monex. Any help would be appreciated. Thanks |
#4
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"REDCRESTEDCARDINAL" wrote in message
... I've just started looking into gold. These are some pretty basic questions I guess. I'm new at this. Can you buy gold bullion at the spot price and if so where? Is there an advantage to buying Golden Eagles or CanadianMaples at a higher price than bars. I've looked into Kitco and Monex. Any help would be appreciated. Thanks "Bob Peterson" wrote in message ... "slim silver" wrote in message . com... Are you buying on speculation or just because you want some gold? The time to buy on spec is passed IMHO. Not that I know much about it but it would seem to me buying alot of gold now would be like the guy who always buys stocks when the price is up and sells if they go down. I may be totally wrong but I think alot of money is about to leave gold and go back into stocks. When that happens the price of gold is coming back down. I'm in the market to add a gold coin to my collection but I'll wait the price settles back down to the $300-$320 range. Thats probably a realistic guess, but its only that. No one can predict with any reliability what the economy, the stock market, or any commodity will do over more than a very short period of time. I want it to tuck away with my US bonds. I'm 35 anything I buy now will not be cashed for a good while. Never the less, I'll wait for it drop as you suggest. Any advice on the bars vs. coin. Thanks again. Tom |
#5
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Before you invest in gold as a long term investment you should look at its
track record over the last 20 years or so. Based on historical prices I'd bet you'd do better in a good quality mutual fund. I know how you feel though. I've been tempted myself. I just don't like what I've seen over the long term with gold. Personally, I'd only consider purchasing a very limited number gold coins of numismatic value. "REDCRESTEDCARDINAL" wrote in message ... "REDCRESTEDCARDINAL" wrote in message ... I've just started looking into gold. These are some pretty basic questions I guess. I'm new at this. Can you buy gold bullion at the spot price and if so where? Is there an advantage to buying Golden Eagles or CanadianMaples at a higher price than bars. I've looked into Kitco and Monex. Any help would be appreciated. Thanks "Bob Peterson" wrote in message ... "slim silver" wrote in message . com... Are you buying on speculation or just because you want some gold? The time to buy on spec is passed IMHO. Not that I know much about it but it would seem to me buying alot of gold now would be like the guy who always buys stocks when the price is up and sells if they go down. I may be totally wrong but I think alot of money is about to leave gold and go back into stocks. When that happens the price of gold is coming back down. I'm in the market to add a gold coin to my collection but I'll wait the price settles back down to the $300-$320 range. Thats probably a realistic guess, but its only that. No one can predict with any reliability what the economy, the stock market, or any commodity will do over more than a very short period of time. I want it to tuck away with my US bonds. I'm 35 anything I buy now will not be cashed for a good while. Never the less, I'll wait for it drop as you suggest. Any advice on the bars vs. coin. Thanks again. Tom |
#6
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RedCrestedBuzzard: What kind or size or amount are you looking for. I
have bars of .9995 fine gold bars up to i kilo size. I would advise you to think heavy and long about gold stocks futures before spending your money on a gold coin or bar. I know too many people who purchase gold and precious metals bullion thinking they were one step from being an instant millionaire and still holding the bullion bars five years later, waiting for that magic minute when bullion stocks would go to $10,000 per ounce. If you are into big time buying of precious metals bullion and rare metals, I will refer you to the right people who can help you. GoldenMan70 |
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