How does one go about investing in gold? nt

step 2. hide gold

If you store it in your safety deposit box at the bank, can you get to it, if there's a run? Better to invest in your own fireproof safe and hide it in your home.

they would be closed on weekends and holidays but not on bank holidays. They are historically also safer than banks from robberies.

to take gold or silver coins out of safety deposit box in case of bank failures or martial law. Go read the patriot act. You will be accompanied to your safety deposit box by a national guardsman who has been instructed to confiscate all gold and silver but allow you to take your documents.

www.nymex.com

ETF's are a great way to do things like this...

Much more satisfying than a piece of paper that just says "GOLD" on it.


You can sit and admire your gold.



:wow:


Shiny!

of coins.

If a gold coin is now $800 and ounce, you can buy them in 1/20 th ounce or 1/10 ounce meaning 1/10 coin is worht $80. Enough to fill up your gas tank.

Now is not a good time to invest in gold in my opinion.

Bush could be impeached tomorrow, the dollar start back up and gold will tumble.

can one short gold futures?

$625 per 1oz coin....well, lets see, those coins are now selling at $825+....

I still think they are going higher and bought more several weeks ago.....This shit economy isn't going anywhere but down....the dollar is fucked....

They're more portable. Then hide them somewhere. Your bank is probably not a good idea, there may be a run. I'd suggest a TupperWare container in your flowerbeds.

I like American Eagles, but Maple Leafs are smaller.

;)

Coins are flat while jewelry is "3-D". It's much easier to stash gold coins in one's shoes or under the belt than it is to do so with ornate, bulky gold pins, broaches, necklaces.

Gold coin is much more barterable. One must be an expert to appraise jewelry whereas coinage is widely recognized & usually well marked as to content, fineness & weight.
Those that aren't marked are standard and it's easy to determine their value.

Plus with jewelry there is a mark-up for craftmanship which will be lost when it trades solely for its precious metal & stone content.

Good point though, hadn't thought of that.

Of course, you could always have the bullion stamped into pieces of your car. Ever see Cheech & Chong's Up In Smoke? Something like that.

But thats where I keep my Confederate bank notes

jewels might not be such a good idea.

For that reason I wouldnt even buy a diamond today.

I tune that stuff out, so I am not really sure.

1. Buy gold.
2. Later, sell gold.

The reason everyone is trying to sell it now is because it's at it's highest rate in years. I bought a little gold about 4 years ago, if I remember right, it cost me about half of what it would cost now. No way I would buy now, when a dem gets the Whitehouse, the price will drop.

I figure a box of 0.22 should be worth a jumbo container of toilet paper or a can of Dinty Moore. :shrug:

Just because its on a recall list doesn't mean the leaded toys can't find a market at discount stores, on-line, mega flee markets..
You may be on to something with lead investments, toys are a huge industry.
And how bout bullets? Miitary usage will only increase in need. Thus value.

How much is it going for on the market anyway? Just curious.

Practice grade 0.357Mag. is over $20 for a box of fifty.

but my investment keeps ending up a couple hundred yards away from me.

...as protection against some sort of possible disaster or if the economy fails. Paper currency will be nearly worthless.

Gold is only of value when people have money to trade for it. If the shit hits the fan and the economy totally collapses Gold is going to be worthless, people are going to be using their money to buy necessities.

a historically tradable commodity. Yes, I know it doesn't make sense.

going to tank and no one will want yours and my Greenbacks anymore. But if you have Gold coins, in a currency such as the Gold Maple, that will be worth a lot.

Coins I bought in February of this year - $625 - now trading at $825. I predict they will be over $1000 by next summer. All I know is people who escaped Germany during WWII swear by it....

Apparently that's where the money will be.

other ways to cash in. My friend belongs to an independent investment group. All co-workers who decided to do their own investing as a small group.
One area which is profitable for them,at the moment is in the transportation of foreign gasoline to the US. Their investment is in the company that transports. Not the oil/gas itself.
Lots of companies that deal with the 'business' of oil & gas may be something else to consider.

Good Luck & tread carefully. With sound advice and research you could do very well. May want to try a short term deal for a quick profit.
It is a market that currently can give a quick return right now.

I sold these for years. Basically you buy percentage points in new exploration projects. It is risky, but you only need one or two to make a killing.

:D
Seriously.
http://cgi.ebay.com/Huge-1-Kilogram-32-15-oz-999-Gold-Bullion-Bar_W0QQitemZ300166548670QQihZ020QQcategoryZ39484QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

At least according to the economic Pollyana's on DU and elsewhere.

That's because the Stock Market went up 316 Points today, and that means that everything is fine and will always be fine. (never mind that no one ever talks about the Big 13-14000 Dow numbers in terms of real dollar value, because you are supposed to ignore that. A weak dollar is good, always remember that.)

Also, Wal-Mart pontificated that they will probably have their strongest shopping season ever, so that means we can ignore all the other financial crises that we know about, (and those that we don't know, because we don't know the 1/10 of it, really.) now, they really don't have any proof of their prophecy of future prosperity, but hey, this is America, where nothing bad ever happens. All you have to do is say it and keep up the perception, and it will be true. Even if it isn't and doesn't.

And who knows, they are probably right, because Wal-Mart will probably be the only place we can afford to shop eventually. But that won't matter. We just need to feel good and not worry.

High Gas Prices? Ever increasing prices on key food items? Credit Crisis? Housing Bubble fallout? Record bankruptcies? Out of control corporate corruption and corporate welfare? War without end?

None of that matters.

You see, being an American in the American economy has nothing to do with living in or facing reality, it's all about perception.

As long as you feel good, feel powerful, and believe that no matter what happens, that somehow, some way that status quo will always exist for you, then it will be so.

So buy lots of stock, electronic gadgets, really unnecessary creature comforts, gas up the Bar B' Q pit, fire up the plasma, sit back and feel good.

Everything will always be fine in Pleasantville.

Until it isn't.

Or you could quietly, sensibly, and rationally prepare for difficult times to come.

Sarcasm and cynicism aside, don't put your eggs in one basket. Diversify. Big money certainly is.

(And I must apologize for the level of cynicism in this post. It's just that I hear so much whistling past the graveyard where I live these days, I've started to check my living room for tombstones.)

Reputable and good selection of coins. You can buy into a "fund" or you can have the nice shiny coins sent to you.

I opt for them to be with me in person..... :hi:

Do you want "physical" gold? Mining shares? "ETF" type funds?

If you're looking to buy physical gold:

Look for local coin dealers. Most sell gold/silver bullion. No shipping or handling costs, you should be able to get at asking price (called "spot") plus a mark up of maybe $0.50 per ounce silver, maybe $25 per ounce of gold. Go around to different places - hopefully there are a few in the area and they keep each others prices in line.

Stay away from "numismatic" value coins, or fractional type ounce "European" coins. Go for bullion meaining 0.9999 fine silver ounces or for 1.0 ounce gold Maple Leafs, Eagles, or Krugerands.

And then find a very safe, hidden place to store it, and DONT TELL EVERYONE. That is an very overlooked part of this.

they are obsolete coins that haven't been minted for many decades and escaped the melt-down of 1933. Though they (U.S. gold coins) are 91% gold and are worth their bullion weight in their own right, they are unlikely to go down from their purchase price unless a huge new hoard of them you own are found, diluting their scarcity.

or reliability.

Some demand minimum purchase, $1000, 2000, $5000 and that's not unsual.

The smaller the minimum the higher the "commission" will probably be.

Be careful, some of them are not reliable or charge too high a commission.

Lots of people buying American Silver Eagle dollars pre-1994 still about $15.00 instead of gold because price of gold is so high.

But I would pretty much stay away from numismatics, collectors pieces with old dates too.

No, I won't share it, at least not initially.

that the reason the economy of India collapsed long ago was the Rajah bought jewels and stored them away and so instead creating greater wealth by increasing economic activity they, stifeled it, leading to the collapse.

When you buy physical gold you do the same thing.

of the collapse of paper curency here so that they have something to purchase food or gas with.

Never buy at its peak. That goes for gold or Euros.

Wish I'd bought some Yuan then too...
BHN