Your Questions About Invest In Gold And Silver

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Steven asks…

How do you invest in Gold and Silver investments in the Philippines?

How do you invest in Gold and Silver investments in the Philippines?

Are there any laws to dual citizens to own these investments?

financi4 answers:

If you want the “do-it-yourself” approach, you may want to avail of this free newsletter.

Http://www.investmentu.net/ppc/t4silver.cfm?kw=X300G548

Or, if you are already in the Philippines, you may want to consult with your financial advisor or stock market broker. They would know what to do.

Michael asks…

What is the best way to invest in Gold and Silver?

What is the best way to invest in Gold and Silver? I’m looking to invest against inflation and think that Gold and Silver is a good investment. I would like to know what the best way to invest is.

A) Invest online into stocks (GLD & SLV)
B) Buy the actual metal
C) Get certificates

What do you think the best way to invest in Gold and Silver is?

financi4 answers:

A) is the best way. Less commissions, smaller spreads and no storage costs.

But gold and silver have had quite a run. You would have been better off buying them a few years ago. Now may not be the best time. Better to buy oil stocks. I like Marathon (MRO).

Joseph asks…

Where is the official place online I can invest in Gold and Silver?

I would like to invest in gold online, but I do not know where to go. I have some investments in places like sharebuilder, but where can I go to invest in Gold and Silver?

financi4 answers:

The best way to invest is through Exchange Traded Fund’s listed on the NYSE. This is something you might be able to do through sharebuilder.

GLD – Gold ETF
SLV – Silver ETF

They move almost identical to the commodities movements.

Donald asks…

How can I use my 401k to invest in those precious metals? Like Gold, and Silver?

I’m 25, and I opened a 401k in NC at 20, so I have an NC401k. I don’t know how to use it as far as investing goes. However, I have been hearing good things about investing in gold and silver. So can I use my NC401k to invest in gold? How do I do that?

financi4 answers:

Most 401K plans have investment alternatives that are selected by the sponsor. In this case, you have no alternatives. If you can select a stock in your 401K, then you could invest in GLD or SLV to directly track the price of these metals. Otherwise, when you change jobs or retire, you can roll the 401K into an IRA of some type, then buy GLD or SLV.

Charles asks…

How can you invest in Gold and silver starting with $25/mo working up to $10,000 investment?

Wise person may know how to do this. Probably the selection of types of investments (gold and silver) would change as invested amount increases.

financi4 answers:

First rule of investing have an emergency fund 10-20% cash or 6 months income, then invest when yourve saved up enough.

Daniel asks…

How to invest in Gold and Silver?

What is the best way to invest in Gold and Silver?
Are there any online Gold banks?

financi4 answers:

EFT’s would be my suggestion.

You could buy the gold trust EFT on the NYSE. Its ticker is GLD.

There are 2 EFT’s for Silver listed on both the AMEX and NYSE:

SLV – Ishares silver trust EFT
DBS – Power shares DB silver EFT

I don’t recommend the Chicago Mercantile exchange for gold and silver futures as Answer 2 is suggesting because then you have to worry about futures contract expiry dates which isn’t a problem with EFT’s
http://www.cmegroup.com/trading/metals/index.html

You can also visit the following for gold bars: http://www.bullionvault.com/

Thomas asks…

What is the best way to invest in gold and silver?

Hello, I would like to start investing in gold and silver. I have done a little research and physical seems like the way to go for me. Also coins seem like a safe bet. I would like to purchase around 100 USD a month in coins, please give me some advice on how to go about this the best way. I am an absolute beginner and all advice is welcome. A reputable company would be good also. Thanks!

financi4 answers:

The only reason anyone should buy metals at this stage of the cycle is if they aren’t looking to profit and don’t care about value in terms of US Dollars. If you are hedging against a USD collapse and don’t think the USD will be around then buy silver whenever you can. Personally, I’m a value trader/investor and am frugal. I don’t want to be someone else’s liquidity so I don’t play after something has moved sharply. You have to ask yourself what your purpose is in making these purchases, then we can give better info.

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