Buying Gold/Silver/Metals etc

[The Sultan]

with the USD is all sorts of strife, I am of the opinion the gold (and to lesser extent) other metals are on the way up, I have read the many are of the opinion that gold will reach USD 2,000 per oz.

So am looking at dipping my toe in the water, does anyone have any experience in buying gold etc in both physical (bullion coins etc) or in terms of futures???

I have a few bucks just sitting in the bank and dont trust the share market at the moment as I have mentioned in the 'international politics' forum think the US is not far away from big recession which will greatly effect the shares markets.

 

[Fire]

with the USD is all sorts of strife, I am of the opinion the gold (and to lesser extent) other metals are on the way up, I have read the many are of the opinion that gold will reach USD 2,000 per oz.

So am looking at dipping my toe in the water, does anyone have any experience in buying gold etc in both physical (bullion coins etc) or in terms of futures???

I have a few bucks just sitting in the bank and dont trust the share market at the moment as I have mentioned in the 'international politics' forum think the US is not far away from big recession which will greatly effect the shares markets.

I'm looking at doing this too.

http://www.perthmintbullion.com/au/

This website will explain everything form openign an account to delivery.

 

[Godzke]

Do you reckon this would equate to positive growth in the gold mining and exploration industries? Or just short term fluctuations that won't have any long standing effects?

 

[ben_09]

POG is pretty high as it is, would only think about getting some in the short term. I'd buy some ncm for my exposure.

 

[yage]

To be honest, if you think shares are too risky then I would stay well away from commodity futures atm. They are far too leveraged for personal investors (unless you are being very modest when you say a few bucks )

The USD is worth peanuts currently, but QE2 is set to end this year, and when it does commodity prices are going to see a significant correction imo... particularly silver whose spot price has doubled the past year.
I think silver is a better hedge than gold, and if you are looking for a store, maybe look into that after QE2 ends.

 

[Stocks_go_Up]

There is a big chance there will be QE3, the US is in a very shitty situation that will be getting worse before it gets any better. They need to crash if they want to see real growth in the next decade+. They cannot keep pumping money into the economy, it is smokes and mirrors. That being said the problem with all investments including stocks is the odds are not in your favour, the huge banks and hedge funds hold the power and can manipulate prices even if the fundamentals remain the same, this has proven to be true multiple times.

 

[bballscout]

As im still young and can afford a bit of risk. im investing my spare cash (12kish) in silver bullion. Have consulted my father who is high up in NAB finance role and backed my decision. Looking at ebay atm. Anyone know better places where I can get it for a better price?

 

[Fire]

As im still young and can afford a bit of risk. im investing my spare cash (12kish) in silver bullion. Have consulted my father who is high up in NAB finance role and backed my decision. Looking at ebay atm. Anyone know better places where I can get it for a better price?

so are you suggesting ebay > Perth Mint, or have you just not read this thread before posting in it?

 

[FRITS]

Personally I wouldn't go Perth mint website. Too expensive. And eBay is over priced and sometimes fake. Check out bullion bourse. Best service and price and Aussie

 

[frantelle]

How does one go about reselling these items? i.e. are they liquid? Will I need to take a haircut on the market price if there is no one to buy them?

 

[Moo]

How does one go about reselling these items? i.e. are they liquid? Will I need to take a haircut on the market price if there is no one to buy them?

Perth mint re-buys, and there always is places to sell - price is the variable in this equation.

 

[Hinkleyfan]

Silver stackers.com is a great buy/sell location. Forum also