What the best way to invest in gold?
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I have been trading gold and gold related companies since 2001. I suggest that everyone have 10% of their investable monies in physical gold. The problem is making sure you get the right price. The best price I know if via www.coloradogold.com. These are near wholesale prices, but you have to buy in quantity to get the best price. call for quanities. Don, the dealer, is very reputable but you'll have to send him a check and it takes weeks to get product. Other than that, check local coin dealers. It is important to find a dealer who gives you a reasonable price, and is someone you don't mind doing business with. Other than that, there are many dealers on the web, but the prices can vary such as kitco.com, blanchardonline.com...Also you can their are ETF's on the stock exchanges that track gold, such as street Tracks (symbol GLD). When you buy one share of GLD, theoretically you are buying one/tenth and ounce of gold they are holding in the vault. Just note, that you never see the vault. Gold in your hand can be trusted. And, finally, buying shares of gold mining companies such as NEM, NG, AUY, GG, etc. is 'like' buyin gold. However, when gold prices go up, gold company shares tend to outperform gold, and when gold prices go down, they go down worse. So, they are more volatile. I cover some of these topics, and other investment topics periodically on my blog:
http://gmoolah.blogspot.com
Buy some and then sell it
If you want a pure play (that is, not just owning mining companies or mutual funds that invest in gold), you can buy gold coins from brokerage companies, banks, and a host of other places. I'd personally buy from a brokerage or bank simply because I know they are strongly regulated and that gives you some protection. The problem is storage. You can store the gold yourself in a safe or safety deposit box; however, many brokerages can store your gold for you as well for a fee. I'd do a price comparison and see which storage fees are right for you. If you already have a safety deposit box, you might want to check to see how your gold is insured at your bank.
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