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MATT N
Where do you buy gold, at the best price for an investment ?
I have about £10000 to invest in something safe. Where could i buy small blocks / ingets / rings / bars ... from at the lowest rate-price ?
                     
 




bugaboo
Rating
Stock exchange..


pirate_princess
Gordon Brown a couple of years ago, sold half our reserves at the lowest prices!!!!!


Miss Stresshead
Rating
ebay........... nah i would contact a local gold smiths and let them know your interested in bullions, there you should be able to get a better deal.... however with gold at an all time high i dont reccomend it as an investment.

Stresshead x


grd_jck(AU)
Rating
At the mint , or maybe the bank can help, i would have thought it is the wrong time to buy as the price is up


confucious says
investment gold is sold in ingots. buying rings jewellery etc is fraught with problems and not advised


ANDREW L
You generally cannot buy gold at a price lower than the current quoted price, which is set by Rothschild in London: this is the worldwide gold bullion market price in US dollars. This is what you want for investment purposes: it is published on reputable websites and in newspapers. It is unwise to hold physical gold yourself as it could be stolen, so your real options are as follows:

- Buy the gold from a reputable bank and ask the bank to hold it for you. They will do this for a small regular storage charge: find out what this is. You also need to find out on what basis the gold is held: is it held in custody (i.e. bailed) or on deposit (as an unsecured creditor). This affects your rights in the event that the bank becomes insolvent, but you should be safe in either case using developed market banks (e.g. in the US, UK, Switzerland, Australia, etc.).

- Buy gold certicates; e.g. from a reputable Australian bank and keep these in safe custody with a reputable bank of your choice.

- Buy shares in an Exchange Traded Fund linked to the gold price (e.g. on the London Stock Market). This does the job and is relatively cheap.

Don't buy gold from someone you do not trust: you might be buying lead covered in a layer of gold!! Always use a reputable bank.

There is a website, www.finysis.net which provides some useful guidance on investment strategy.


Ryan M
If you want something safe, buy bonds or mutal funds.
Gold is not safe, Gold is and will continue to by one of the most volitale commondities that is being traded. Gold is really overpriced right now, probably because of bandwagoners like yourself. I hate to tell you this but eventually that train will end, and the professionals will clean house while people like yourself will be left holding the bag.
I would stear clear if I were you. Gold isn't a buy and hold investment in todays market.


garry.mullen
Saudi


Sadegh
Rating
If you want to invest in gold you have to buy something that is SAFE and EASY TO SELL. if you buy physical gold that you store at home you have to be very careful also it is harder to sell physical gold. also if you are not an expert you might get ripped of buying the gold (not knowing if it is 18 kt or not). The EASIEST and SAFEST way to invest in gold is to ask to buy GOLD CERTIFICATES from your bank. you can always sell it back to them.
also you might be able to buy a gold ETF which correlates with price of gold. ETFs are also easy to sell and no need to worry about storing it.

but since your are only buying close to 20 oz of gold, physical gold may not be such a bad option. for 20 oz it is not worth going to another country to buy it because of travel expenses and transporting the gold. buy it local and store it at home.

ALSO, if you buy physical gold DO NOT TELL ANYBODY THAT YOU HAVE BOUGHT IT. because they might mention it somewhere and make your home a potential for robery.


el guapo
well, if your looking to hold actual gold a pawn shop, gold exchange, gold coin dealer. if you looking to innvest and hold it in a portfolio, any investment firm that specializes in gold would be a good choice. i think michael savage may have a linkon his site.


VIOLATION KING
Rating
Thailand...


aMiDah
Rating
try FX trading....the trend for gold favors a buy and it has been like that for months....
try
www.northfinance.com


addict
£10k is a reasonable sum.

Fly to South Africa on the cheapest return fare you can find and buy Krugerrands and then smuggle them back into the UK.

If you go on KLM, I would suggest that on the return journey you get off at Schipol (Amsterdam) and then do the last leg by coach and ferry. And I would suggest that the best ferry is the one ls from Imurgen (the spelling is wrong, but it's Amsterdam's ferry port, about ten miles from Amsterdam, on the coast, you can get there on the hydrofoil from just behind the railway station) to Newcastle (they may post it as North Sheilds). This is a great port, you never seem to get searched!

Warning. Gold is high at the moment, is it not? the only direction for it to go is down.

Good luck.


Serious
mining corp or the robber corporation


Morpheus New-Age Rainbow Warrior
From a pawn shop, and you are looking for old gold coins... often they will sell them for the value of the gold...


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