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<p>[QUOTE="webstandardcss, post: 1993270, member: 72151"]How to Buy and Own Gold</p><p>Ain’t nothing like the real thing baby. Part of your gold allocation should be in real, physical gold that is in your possession. You can purchase gold coins or bullion from precious metal dealers. Obviously, you will need to give good thought to where and how you will store your gold and protect it from theft or loss. Sorry, Fort Knox is not an option.</p><p>You can also consider buying ETFs that attempt to track the spot price of gold. You can purchase these ETFs (such as GLD) like any other stock through your brokerage account.</p><p>Lastly, you can consider creating an account with a company like GoldMoney. GoldMoney allows you to deposit cash and keep your account balance in gold. When you wish to withdrawal your funds, you will then transfer your money back into cash based on the spot price of gold at that time.</p><p>If you’re concerned that the price of gold has already risen considerably over the previous years (which it has), consider dollar cost averaging into the appropriate size position that you wish to hold. Buy a fixed number of gold coins each month or every couple months. This will help prevent buying all of your gold at one time which might be at a relatively high price.</p><p>Speculating on the price of gold can be as risky as any other form of investment. Instead, use it as a hedge against inflation and a way to gain additional diversification. But don’t take my word for it. As with any investment be sure to do your own research.[/QUOTE]</p><p><br /></p>
[QUOTE="webstandardcss, post: 1993270, member: 72151"]How to Buy and Own Gold Ain’t nothing like the real thing baby. Part of your gold allocation should be in real, physical gold that is in your possession. You can purchase gold coins or bullion from precious metal dealers. Obviously, you will need to give good thought to where and how you will store your gold and protect it from theft or loss. Sorry, Fort Knox is not an option. You can also consider buying ETFs that attempt to track the spot price of gold. You can purchase these ETFs (such as GLD) like any other stock through your brokerage account. Lastly, you can consider creating an account with a company like GoldMoney. GoldMoney allows you to deposit cash and keep your account balance in gold. When you wish to withdrawal your funds, you will then transfer your money back into cash based on the spot price of gold at that time. If you’re concerned that the price of gold has already risen considerably over the previous years (which it has), consider dollar cost averaging into the appropriate size position that you wish to hold. Buy a fixed number of gold coins each month or every couple months. This will help prevent buying all of your gold at one time which might be at a relatively high price. Speculating on the price of gold can be as risky as any other form of investment. Instead, use it as a hedge against inflation and a way to gain additional diversification. But don’t take my word for it. As with any investment be sure to do your own research.[/QUOTE]
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