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I am interesting in buying Gold but I have no idea how to.
Can anybody clearly explain how to buy/invest in gold?
Slowly, with money you are not trying to make a killing on.
The following suggestions are just to get started. Once you know how you want to invest, people can recommend specific stocks or coins or whatever.
(1) Do you want to buy a stock?
... (a) You can buy a gold miner and collect dividends.
... (b) You can buy an ETF that holds bullion and has a price that follows gold.
(2) You can go to a coin store and buy actual gold coins.
Coins are simply round ingots of a standardized weight and purity.
Don't put more than 10% of your total investable funds in gold unless you really know what you are doing and like to trade.
Don't spend more than 1% of your total investable funds at any one time unless you really know what you are doing.
Curious:
-o- Why do you want to buy it?
-o- Are you aware that you can buy some gold and lose 20% on it in a couple of weeks or in a few months?
.... This happens with stocks, but very rarely. It happens with gold more than once a year on average.
I am interested since i've seen the performance record of gold within the last decade and it seems like an attractive investment. The state of the economy also makes gold a more attractive investment.
Slowly, with money you are not trying to make a killing on.
The following suggestions are just to get started. Once you know how you want to invest, people can recommend specific stocks or coins or whatever.
(1) Do you want to buy a stock?
... (a) You can buy a gold miner and collect dividends.
... (b) You can buy an ETF that holds bullion and has a price that follows gold.
(2) You can go to a coin store and buy actual gold coins.
Coins are simply round ingots of a standardized weight and purity.
Don't put more than 10% of your total investable funds in gold unless you really know what you are doing and like to trade.
Don't spend more than 1% of your total investable funds at any one time unless you really know what you are doing.
Curious:
-o- Why do you want to buy it?
-o- Are you aware that you can buy some gold and lose 20% on it in a couple of weeks or in a few months?
.... This happens with stocks, but very rarely. It happens with gold more than once a year on average.
Thanks a lot for all the information. I hope this will all the newbies who are willing to trade in gold. :-)
We are gold mining company from Ghana West Africa. We have some quantity of gold dust ready for sale.
Oh, he seems legit, four posting all the same. Not to mention the Yahoo email address, you would think a gold mining company have there own email addresses.
Newmont yields almost 3% now. Their dividend has more than doubled in the last two years.
Kinross, Goldcorp and others have also more than doubled in two years, albiet with lower yields.
Since their cost of production is less than 50% of their average selling price, these are safe yields.
You get paid to place a bet on gold.
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