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easiest way to buy gold?

for the last few months i've been trying to save enough to buy a share of gold. i'll have enough to comfortably afford to buy a share next month. i follow world news & have noticed the worries over devaluing currencies around the world. i've also seen a few stories this week about gold possibly skyrocketing in the very near future in response to the currency issues around the world.

i'm wondering if i should get in immediately & live like a monk for the next 3 weeks; or wait & allow myself to live off more than the BARE minimum until i have enough surplus funds to buy a share.

4 Answers

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  • 1 decade ago
    Favorite Answer

    Don't believe the explanations you hear in the press for gold going up. They truly don't really know. Ultimately.... no one knows.

    The easiest way to buy gold is with the ETF "GLD".

    Don't invest more than 3% of your portfolio into gold (or a combination of metals).

  • ?
    Lv 5
    1 decade ago

    Gold fluctuates. It has steadily climbed for the last several years but it could be a bubble that is ready to burst. Don't invest more in gold than you can afford.

    I don't think it's going to skyrocket. Economies are starting to turn around and the gold people are trying to run up the price before the market lag catches up. There is so much hype surrounding gold you have to ask how much of that is real? The market makers are looking for more buyers to artificially drive up demand. It's an artificial commodity with artificial demand... much like diamonds. If you're not the market maker then buying in at an all time high is probably not a smart move.

  • 1 decade ago

    Buy silver coins. They are similar to gold, silver is now rarer than gold, silver is used in cell phones and other devices, while gold is only in jewlery. Also, a silver coin at a coin dealer (google it in your area) is about $25 now, and silver has gone up in the past month. http://www.kitconet.com/charts/metals/silver/ag_go...

    Source(s): Rich Dad series.
  • Anonymous
    1 decade ago

    well the easiest way is illegal. Its stealing. But if you dont want to do that, go to individual retailers instead of big corporate owned businesses...those small guys need to give lower prices to get their heads in the business

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