What is the best way to invest in gold?

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chanika
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What is the best way to invest in gold?

Postby chanika » Tue Feb 08, 2011 2:56 am

What is the best way to invest in gold? Should I get a gold through a broker or have gold coins?

I've heard that if I get gold through a broker, it will be compared to the dollar. So if the dollar goes down then the price of my gold would drop. However I've heard the safest way to go is to have gold coins.

Is any of this true?
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gold bullion bars

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newscalper
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Postby newscalper » Fri Feb 25, 2011 5:08 pm

Personally I'd look to Silver rather than Gold but it's looking bubble-like to me, will it stop me buying the next pullback? The last one about 16 days ago did good didn't it?

Buying the physical, well if you're going to do that and store it in a vault somewhere I'd like to know who's looking after it and whether it actually truly exists in the physical.

And if/when the do-do hits the fan, will the entity with the keys to the vault let you have access??

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TygerKrane
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Postby TygerKrane » Sun Feb 27, 2011 8:26 pm

Hey guys, (I guess I'm looking for help from people in the USA here...)
I have a friend who wants to trade silver (not actually taking possession, just getting into the spot market {or is that futures market?}. Whichever one just closed at $33 on Friday.)
Is anyone doing this already on the side here? Or, more importantly, can anyone recommend a US broker that does this?
I trade forex through FXCM (micro), they have gold and silver trading, but only for non-US residents.

***************
On a related note, I'm thinking of actually owning some silver (bullion coins or 1oz bars). I see a website with the NIA stamp (National Inflation Association) on it, http://www.gainesvillecoins.com/ . I was curious if anyone with possession of metals has purchased it through online sources, or are you hitting up the local big bank for such purpose? ( http://www.apmex.com/ seems like a good place as well...)

I'm more interested in physical possession over contracts/derivatives & ETF's and related stocks. Yada yada yada, something about naked short selling of non-existent silver. That plus the whole other bunch of sh!t that's been happening fiscally here in the US and globally.
(hmm, maybe I get some short term call options on silver ETF for fun...)

I also would prefer to keep this at home as opposed to a bank safety deposit box, b/c if there is a bank holiday I guess I wouldn't be able to access it...
Any thoughts on my line of thinking here?

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lcfxtrader
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Postby lcfxtrader » Mon Feb 28, 2011 12:51 am

Ebay if you are looking for coins.

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MightyOne
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Postby MightyOne » Mon Feb 28, 2011 4:11 am

My basic strategy is short Gold and build a cushion to stay short Gold.

You could try spread trading gold for lower margins and (possibly) lower risk.

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TygerKrane
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Postby TygerKrane » Mon Feb 28, 2011 4:59 pm

MightyOne wrote:My basic strategy is short Gold and build a cushion to stay short Gold.

You could try spread trading gold for lower margins and (possibly) lower risk.

What broker lets you trade the metals market?
Wait, does one have to get into Commodities to do this in the US?? I was hoping to find something parallel to trading Forex, like how FXCM UK allows you to trade metals alongside currencies...

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TygerKrane
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Postby TygerKrane » Wed Mar 02, 2011 11:17 pm

So, any broker recommendations for trading metals in the US???

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newark18
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Postby newark18 » Thu Mar 03, 2011 12:18 am

MightyOne wrote:My basic strategy is short Gold and build a cushion to stay short Gold.

You could try spread trading gold for lower margins and (possibly) lower risk.


Can you explain why you are bearish on gold? Any opinions on Silver?
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MightyOne
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Postby MightyOne » Mon Mar 07, 2011 2:40 am

newark18 wrote:
MightyOne wrote:My basic strategy is short Gold and build a cushion to stay short Gold.

You could try spread trading gold for lower margins and (possibly) lower risk.


Can you explain why you are bearish on gold? Any opinions on Silver?



My only opinion is that it is foolhardy to own the physical metal.

There is nothing wrong with going long gold/silver...

I am bearish gold simply because it is my style to roll dice if it means being short from the highest price EVER.

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MightyOne
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Postby MightyOne » Fri Mar 11, 2011 4:18 am

MightyOne wrote:My basic strategy is short Gold and build a cushion to stay short Gold.

You could try spread trading gold for lower margins and (possibly) lower risk.


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