But "a bit" does not do you much good. Coin dealers (and Gold and Silver shops) charge 5% or 6% to buy, and to sell. That is how they make their operating income.
Gold is very pretty, but it is a poor investment vehicle.
The easiest way to buy gold is through the ETF symbol GLD. You would open a brokerage account (min is $500 with scottrade). As I said before, gold is a bad long term deal, but buying GLD lets you get in and out fast if you want to play gold for short term world events like the Ukraine problems. YOu can also buy coins, see below.
If you want to buy gold . Just buy gold coins like golden eagle mint coins and keep them at home.
They are easy to sell in the private market.
I had 6 oz of golden eagle coins gold coins and platinum coins and sold them on craigslist last year for the that days price of gold and plat price to a private buyer.
No dealers or brokers charges or mark up to deal with. You own and hold the metal yourself.
if you can find a private seller to buy gold eagles from. you dont have to pay brokers mark up and shipping etc. And you can buy a little under market gold price lots of times.
so if you just bought one gold coin per month , it will add up.
Gold usually trends up over the long term. Dont expect it to be an short term investment. More like a forced savings plan .That will prob increase in value.
When i bought the platinum coins they were much less value than gold . when i sold them they were more than gold.
best time to invest in gold was 25 yrs ago.
do not waste your money 'investing' in gold.
invest in a library card to learn how to actually
use money to make money not speculation.
hint in an economic melt down - gold is worthless.
Gas Water Food Guns Ammo, Medicines
are nearly price less.
do not fall for the gold scam/myths.
decades of real world knowledge in world melt downs.
I am 23 and looking to invest in more than my Roth IRA. Is this a good time to invest in gold? And for the short term or long term? And how do I purchase the gold, through an ETF? Thank you for all the help!
