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Old 12-11-2006, 03:51 PM
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Default 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.
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Old 12-11-2006, 04:27 PM
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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
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Old 12-11-2006, 04:54 PM
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Quote:
Originally Posted by Steve View Post
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.
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Old 12-11-2006, 04:59 PM
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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.
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Old 12-11-2006, 05:27 PM
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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
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Old 12-11-2006, 06:27 PM
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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
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My posts generally don't contain medical or legal advice, if you have a problem seek the opinion of an expert

Talking about this in terms of “bad news” or “bad judgment by business leaders” seems archaic. It’s like describing World War One as “a serious diplomatic concern.”
Bruce Sterling about the financial crisis.
Last edited by Brutha; 12-11-2006 at 08:10 PM.
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Old 12-11-2006, 07:38 PM
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Happy investing.

e-gold

To buy e-gold I use Ice Gold and I recommend them for their rates, speed and reputation.
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Last edited by The Probabilist; 12-11-2006 at 07:41 PM.
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Old 12-11-2006, 09:48 PM
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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.
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Old 12-11-2006, 10:57 PM
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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.
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Old 12-12-2006, 01:30 AM
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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
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