Personal Development for Smart People^TM Forums

mustard76 · 12-11-2006, 02:51 PM

Does anyone know an efficient way to invest in gold?

I wanted to buy gold coins, but because I don't have much to invest the cost of the safe deposit box would eat away a significant chunk of any appreciation in value.

Steve · 12-11-2006, 03:27 PM

Since you didn't ask if you should invest in gold, I'll just post how you can:

GLD: Summary for STREETTRACKS GOLD TR - Yahoo! Finance

mustard76 · 12-11-2006, 03:54 PM

Quote:

Originally Posted by Steve

Since you didn't ask if you should invest in gold, I'll just post how you can:

Please elaborate. I would like to know if I should invest in gold.

Doku · 12-11-2006, 03:59 PM

I don't think that you're going to get anyone here to tell you one way or the other... there's too much legal risk to doing so.

rvgrinsven · 12-11-2006, 04:27 PM

legal risk? maybe if I'd live in the USA but if I advise investing in gold living in the Netherlands I think there is very little sueing he can do

Brutha · 12-11-2006, 05:27 PM

I think you would have to say "This is not investment advice before giving the advice"

This should be added to the forum rules.
I have opened a thread for it: Forum Rules

The Probabilist · 12-11-2006, 06:38 PM

Happy investing.

e-gold

To buy e-gold I use Ice Gold and I recommend them for their rates, speed and reputation.

reuben · 12-11-2006, 08:48 PM

I dont invest in gold, so i cannot help out here.

I know some people who buy for example Krugerrands as a way of securing their future. Just in case war brakes out and everything, including the banking system goes down and they would have to leave their country.

The Krugerrand was the first gold coin to contain precisely one ounce of fine gold, and was intended from the moment of creation to provide a vehicle for the private ownership of gold.

The coins have legal tender status in South Africa but are not actually intended to be used as currency.

MichaelL · 12-11-2006, 09:57 PM

Gold can be a good hedge against currencies, and thus it does fluctuate a lot. Especially when Big Ben is making his latest announcments from the Fed.

tc33 · 12-12-2006, 12:30 AM

Invest in gold?
The Longest Discipline

If you're a short-term speculator AND you have information that the market doesn't (very unlikely), then maybe. If you're a long-term average-joe investor like the rest of us, then don't touch it with a 10-foot pole.

Tom

12-11-2006, 02:51 PM	#1 (permalink)
mustard76 Senior Member Join Date: Nov 2006 Location: Boston, MA Posts: 173	Investing in Gold? Does anyone know an efficient way to invest in gold? I wanted to buy gold coins, but because I don't have much to invest the cost of the safe deposit box would eat away a significant chunk of any appreciation in value.

12-11-2006, 05:27 PM	#6 (permalink)
Brutha Family Member Join Date: Nov 2006 Location: Berlin, Germany Posts: 8,749	I think you would have to say "This is not investment advice before giving the advice" This should be added to the forum rules. I have opened a thread for it: Forum Rules Last edited by Brutha; 12-11-2006 at 07:10 PM.

12-11-2006, 06:38 PM	#7 (permalink)
The Probabilist Senior Member Join Date: Nov 2006 Location: Finland Posts: 127	Happy investing. e-gold To buy e-gold I use Ice Gold and I recommend them for their rates, speed and reputation. Last edited by The Probabilist; 12-11-2006 at 06:41 PM.

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
The Stock Market	toasterwater	Business & Financial	63	05-09-2008 06:36 PM
Any Value Investors here?	RT Wolf	Business & Financial	24	04-22-2008 03:23 PM
Real Estate investing - systems for determining profitablilty?	Dave Kaminski	Business & Financial	9	05-17-2007 01:40 AM
MSN Money article: Start investing with just $100	elainevdw	Business & Financial	36	12-02-2006 08:45 AM

12-11-2006, 03:27 PM	#2 (permalink)
Steve Member Join Date: Nov 2006 Posts: 38	Since you didn't ask if you should invest in gold, I'll just post how you can: GLD: Summary for STREETTRACKS GOLD TR - Yahoo! Finance

12-11-2006, 03:59 PM	#4 (permalink)
Doku Senior Member Join Date: Nov 2006 Location: Central MD Posts: 385	I don't think that you're going to get anyone here to tell you one way or the other... there's too much legal risk to doing so.

12-11-2006, 04:27 PM	#5 (permalink)
rvgrinsven Junior Member Join Date: Nov 2006 Location: The Netherlands Posts: 17	legal risk? maybe if I'd live in the USA but if I advise investing in gold living in the Netherlands I think there is very little sueing he can do

12-11-2006, 08:48 PM	#8 (permalink)
reuben Junior Member Join Date: Nov 2006 Location: Poland/Sweden Posts: 13	I dont invest in gold, so i cannot help out here. I know some people who buy for example Krugerrands as a way of securing their future. Just in case war brakes out and everything, including the banking system goes down and they would have to leave their country. The Krugerrand was the first gold coin to contain precisely one ounce of fine gold, and was intended from the moment of creation to provide a vehicle for the private ownership of gold. The coins have legal tender status in South Africa but are not actually intended to be used as currency.

12-11-2006, 09:57 PM	#9 (permalink)
MichaelL Junior Member Join Date: Nov 2006 Location: Wellington, New Zealand Posts: 9	Gold can be a good hedge against currencies, and thus it does fluctuate a lot. Especially when Big Ben is making his latest announcments from the Fed.

12-12-2006, 12:30 AM	#10 (permalink)
tc33 Senior Member Join Date: Nov 2006 Posts: 124	Invest in gold? The Longest Discipline If you're a short-term speculator AND you have information that the market doesn't (very unlikely), then maybe. If you're a long-term average-joe investor like the rest of us, then don't touch it with a 10-foot pole. Tom

Personal Development for Smart PeopleTM Forums

Personal Development for Smart People^TM Forums