Your Questions About Investing In Gold

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Ken asks…

Is investing in gold a good idea?

I have a lot of money invested in mutual funds and am concerned with the recent drop in the stock market as well as the recent concerns with subprime lenders….do you think that investing in gold is a good hedging strategy? Do you think that the price of gold would rise if some of these lenders tank?

financi4 answers:

When you say “invest in gold” you have to separate your ideas into “investment” and “Survival”

Gold as a metal is for Survival…If a catastrophic event hits the capital makets, or if WW 3 happens etc, you will need actual gold for some things (like jews fleeing the Nazis in WW 2) .

Gold in the form of ETFs or “GoldMoney” or certificates , or even gold coins or bullion in your safety deposit box, is not a good “Investment”. Shares in gold producing companies, or shares in a precious metals mutual fund is a good “Investment” if gold goes up. This is because shares in gold companies have leverage to the price of gold.

Try this site

http://free-gold-investing-info.blogspot.com/

To get free tips from Wall Street Professionals and receive reports, charts and strategies on investing in gold.

Steven asks…

What’s the best way to begin investing in gold?

If you are an experienced gold investor, I would like your opinion on how new gold investors should get started. Also, is this a good time to invest in gold, and what do you think the prospects are over the next year?

financi4 answers:

Gold coins are the way to go. Latest prices you can sell at are published at http://www.hattongardenmetals.com. They also sell coins at a little over spot price.

A word of warning. Watch out for fake sovereigns. There are a lot of these about at the moment with 9ct coins being passed for 22ct. The way to spot them is the difference in colour and they only way 7grams instead of 8. Deatils in a news story in source link

Charles asks…

How does investing in gold help create jobs, and why does Fox news always push for?

I am no expert by any means, but if most of the wealthy invest a large percent of their portfolio funds in gold…how does that help create jobs? Wow, a lot of the wealthy watch/depend on fox news- not good!
And if according to conservatives- trickle down works and jobs are built in the private sector- how do these actions help? Just asking- dont get mad right wing! lol

financi4 answers:

Goldline, which has been heavily promoted on Fox, is a scam. They sell gold “collector” coins at such a significant markup that the metal becomes a poor investment.

George asks…

What’s the best way to begin investing in gold?

If you are an experienced gold investor, I would like your opinion on how new gold investors should get started. Also, is this a good time to invest in gold, and what do you think the prospects are over the next year?

financi4 answers:

Gold coins are the way to go. Try this site

http://free-gold-investing-info.blogspot.com/

To get free tips from Wall Street Professionals and receive reports, charts and strategies on investing in gold.

Thomas asks…

How do I go about investing in gold?

Do I buy shares in a mining company? Or do I buy physical gold?

financi4 answers:

There are 4 options:

1. Physical gold
2. Mining company shares (or bonds!)
3. Precious metals ETFs
4. E-gold
Visit this site

http://free-gold-investing-info.blogspot.com/

To get free tips from Wall Street Professionals and receive reports, charts and strategies on investing in gold.

Joseph asks…

Would like to start investing in gold?

I would like to buy gold coins or bullion to hold onto till the prices hopefully go up more. My questions are, wheres the best place to buy, i’d like to keep the gold in my own posession? Also, when or if prices go up and i decide to sell…. will i be able to get the price by ounce it is at the time? And how do i go about selling it?

financi4 answers:

Buy coins at a coin shop, and sell back the same place or elsewhere. You get the rate at the time you transact, and they charge a bit for their services, and to cover some float (5 – 10%, idk) if that is how you want to go. American Eagles(?), Chinese pandas, South African Krugerrands, all 99.99 % gold. And yes, you take physical possession.

Chris asks…

Are the rich cons trying to destroy the dollar and are investing in gold?

I don’t think gold creates jobs.

financi4 answers:

You’re right that investing in gold is not productive. Once the economy picks up, everybody will dump their gold and get back into stocks. Meanwhile, it’s a good store of value while the dollar falls. And while that dollar falls, the size of our debt does too, which is kind of the point. Cloud/silver lining.

Robert asks…

How does the rich job creators investing in gold help stimulate the economy?

I really do not get it. You would not want the job creator to invest a large percent of his money into gold right? How does that help the economy
And why does Fox news always advertising gold?
I do not think you guys understand, let me try again. Storing little minature bars of gold in your wall in a safe behind a picture has to be one of the most conservative (world is coming to an end investments) I have ever seen! lol I always laugh at that commerical, guess I wont laugh if the world ends of course

financi4 answers:

It’s Easy….EVERY Effect has a Cause.

Effect: People Investing in Gold.

Cause: Government Intervention in the Free Market and Messing Up the Economy.

Pretty Simple, Really.

When you have NO Confidence in the Inefficient, Obtrusive, Over-Reaching Government, then you do what you have to to PROTECT yourself from them.

Investing in Gold did NOT Cause our Economic Troubles, Government Did.

Sad that half the Country won’t ADMIT what they know in their Hearts, but don’t want to lose their Freebies. So it’s a Choice to just let it Fail.

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