You did not mention how much money you were investing. This would make a huge difference on my approach. In a nutshell.. When the economy seems to be unstable, people begin to panic and cash in their U.S. Dollars for something more stable, suchas precious metals (gold, silver, platinum, etc). The economy has been unstable ... war Iraq, oil prices ($4 a gallon), Collapse of banks, home mortgage scandals, GM bankuptcy, Cash for clunkers scandal, and now Obama's healthcare. These things have made people uneasy and thus gold sales have skyrocketed. Now let's say the economy is getting better, from this point on. Well people will likely sale their gold and gold prices will likely drop. So you need to ask yourself, is this really the right time to buy gold or have you missed the bus.
Anyone reading this, please dont argue these points with me, I really dont care if you agree or not.
Now if you are just wanting to convert a couple thousand dollars into precious metals ... then estate sales might be your ticket. You can buy silver flatware, vases, salt shakers, bread dishes, jewelry and all kinds of stuff made of silver for prices far less than you can get silver at the gold trading company. You just have to know what you are buying.
Educate yourself and prosper.
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Re: Anybody here know anything about buying gold?
