View Full Version : where to buy gold bullion?


60563
I have some shares of gold ETF (GLD) but I also want to buy some gold bullion. Any recommendation where should I go? Monex is a gold dealer I found from Google. Any body had bought gold from them or some other gold dealer?

1_more_opai
gold is silly.

putting more and more into gold is sillier.

listen, do what you please but dont get wrapped up in the hype. gold is a commodity. it has ZERO intrinsic value. its worth is SOLELY determined by negotiation ... what one person will sell for and one person will buy for.

the price of gold has NOT increased a single percentage over the last 150 years. in 1860 an ounce of gold would buy you a really nice suit. in 2007, an ounce of gold will buy you a really nice suit.

secondly, when you are invested in gold, it is treated not as an investment but rather as a collectible for tax purposes. you will not get favorable capital gains rate taxation on gold in your portfolio.

that said, be sure to let us know what you decided to do.

Dingobiscuit
You can buy gold on Ebay, but run the risk of running across shady sellers.

60563
"Oh, I don't blame Congress. If I had $600 billion at my disposal, I'd be irresponsible, too". I like that quote!

Ron Paul, the Republican presidential cadidator said he would get rid of the Federal Reserve. President Wilson, who signed the Federal Reserve Act of 1913, said "I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit". The US dollar is going down from here. Hide your assets!

60563
in 1860 an ounce of gold would buy you a really nice suit. in 2007, an ounce of gold will buy you a really nice suit..

Very interesting. That says a lot for the gold as a stable currency. I would not put a lot of money in gold. It's just a small portion of the portfolio. I have most of my assets invested in stocks (about 40% US, the rest in other countries)

stockwell
Where are good references for investing in gold? I would like to look at web-pages, magazines and learn how to evaluate both the company and the stock.

Thank you for your experience.

Athena53
Go to India and buy 22k gold jewelry. It's priced about 20% above the intrinsic value of the metal and it's pretty and you can have sparkly bangles all over your arms. You're a guy? Oh, never mind.

Seriously- my dear husband says the gold jewerly I bought last year was probably our best-performing investment. When I bought an almost 1-oz bracelet this time his reaction was, "well, as long as it wasn't heavy enough that you got charged for overweight baggage".

johns
the price of gold has NOT increased a single percentage over the last 150 years. in 1860 an ounce of gold would buy you a really nice suit. in 2007, an ounce of gold will buy you a really nice suit.

Exactly, while your beloved USD has gone down 95%. Now tell me which one is silly, holding gold or holding USD?

MapleLeaf
Either I'd go for BullionVault (http://gold.bullionvault.de/#585gold) , where your gold is stored in a vault or buy coins at GovMint (http://www.govmint.com/?ad=GVMAFFILIWGVAFCJ) . They have the largest choice and good prices. Certificates are not good in a financial crisis. If your bank goes bankrupt your certificates are away as well. It's better to go for physical gold.