Re: Investing in gold?

Posted by T_Bone on September 10, 2009 at 14:37:10 from (64.57.205.153):

In Reply to: Investing in gold? posted by ~Lenore on September 10, 2009 at 10:50:40:

Hi Lenore,

Performance of gold has always been a "long term investment" and never a short term investment. Yes there's short run-ups just like stocks or other commodities that makes a person want too jump in.

Physical gold(aka bullion), is gold that you can hold in your hands and is graded upon purity, ie; .9999 fine = pure gold.

Maple Leaf, Englehard, Johnson Mathey contain .9999 gold and is the purest form you can buy (or was).

All "other" gold bullion contains 1oz of gold BUT not .9999 fine or just like buying jewelry at 10k, 12k, 14k, or 18k. 22k =.9999 gold so 18k has 81.82% of gold and contains 18.18% of other metals. Gold coinage is also the same for run of the mill gold coins.

The above a "very basic" out line of owning gold. There's thousands of articles written on the subject.

If you don't keep "physical gold" at home under lock and key and keep your "mouth shut", then expect to pay a storage fee. A bank safe deposit box would be the next cheapest storage cost (there's drawbacks too this method).

NEVER buy bullion and let the company store it for you.

T_Bone

Replies:

• Re: Re: Investing in gold? ~Lenore 14:47:43 09/10/09 (0)

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