Diving into the world of bullion investing can be a scary trip. You have some doomsayers who gasp at the thought of money that’s only as good as the government’s word as they dig another hole in their yard for a few more 100-ounce silver bars. At the same time, you have Wall Street just beginning to respect precious metals as they slowly make their way onto the trading floor in the form of exchange-traded funds. (more…)
Investing in Precious Metals: Bullion or ETF Shares?
Tuesday, August 31st, 2010Going, Going Gold
Friday, January 8th, 2010If you want to move a portion of your financial assets into gold, there are several ways to do it. Gold can be a solid segment of your investments, but buyers need to know what the current price of gold is in order to know how much overage they are paying in mark-ups and dealer add-ons.
Generally, if you buy gold without fancy packaging and directly from mints or wholesalers, you’ll pay less than if you buy from retailers or the post office (because the gold has changed hands twice, and the middleman had to be paid). Also, the more gold you buy, the better the price. As your volume increases, the retail price should go down. (more…)