How to buy gold?
Asked by
gkolozsi (
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November 23rd, 2008
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7 Answers
Here are several hundred different ways.
Buyer beware. Although if you are buying gold by weight, it is easy to find out what the current price is. Any big city will have dealers who buy and sell precious metals.
There are two in my sparsely populated area alone.
do you want to buy the actual physical metal or are you talking about investing in the comodity?
Good point. Gold is really heavy, if you buy a box of ingots or doubloons or whatever.
Many years ago, I wanted to buy gold. I bought a very small lump of gold stored in some underground cave somewhere, and ended up paying for the storage for a couple of years before I realized this was not really what I had in mind. And I’m guessing (don’t remember for sure) that the actual price of gold itself dropped during those years. So, if you want to buy gold, I recommend doing it another way. That was through a broker.
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