William asks…
Am I better off investing in Gold bullion bars or coins? what’s the best choice for profit in the long run?
financi4 answers:
If you’re looking at purchasing physical gold, it’s better to stick with the bars than coins. The coins sell at a higher premium than that bars, so you won’t spend as much.
Also, stick with 1 oz. Bars. They are easier to sell and if you need cash on only need to sell a few ounces, it’s easier than trying to sell a 1 kg. Brick and repurchase additional bars.
George asks…
I’m looking for information on investing in gold. Could anyone recommend some gold bullion sites?
financi4 answers:
Try these. They might help you.
Http://www.taxfreegold.co.uk
http://www.goldbarsbullionbars.com
http://www.bullionvault.com
Try yahoo search engine to find others. Hope this helps.
Chris asks…
is investing in gold bullions profitable ?
What are gold bullions and is investing in gold bullions profitable ? Where can we find out information on investing in gold bullions ? Also, has anyone bought any gold bullions and if you do, please inform us of how profitable you think your investment is.
financi4 answers:
You can invest in gold by going through the stock market. Look at GLD. You don’t have to insure your actual gold, you don’t need as much money to get in, and you can make just as much. If you want to own gold, buy jewelry or gold coins. Good luck
Joseph asks…
What’s the best way to invest in metals against inflation and dollar devaluation? Silver or Gold, bullion coin?
Where’s a good place to buy that’s safe. I was looking at Monex, but I have no idea about this.
financi4 answers:
First one should be aware of that Gold, or any commodity or precious metal is not a “safe” investment.
Safety implies that there is no risk. Gold is very volatile, there is no one backing the value, and there are no industrial uses for gold. Thus it is a speculators tool. I call it the “fear trade.” When people think the sky is falling, they run to gold.
The sky hasn’t fallen since THE meteor took out the Dinosaurs.
Http://www.foxnews.com/story/0,2933,232898,00.html
http://geo.arc.nasa.gov/sge/jskiles/fliers/all_flier_prose/meteor_impact_duller/meteor_duller.html
Gold (ETF: GLD) might be an idea for a trade or used as a trading vehicle, but long term gold has historically been the 2nd worst investment after non-industrial diamonds (Chase Investment Performance Digest).
If you want safety, FDIC insured CD’s or US Treasuries are the lowest risk investments.
If you are looking for “principle safety” to hedge against inflation, the only investment that can meet that definition would be “Treasury Inflation-Protected Securities (TIPS).”
http://www.treasurydirect.gov/indiv/products/prod_tips_glance.htm
Right now, the market has moved away from the inflation trade and is focusing on deflation or stagflation again. This is why GLD is a trading vehicle more than an investment.
Longer term, would prefer to look at TIPS for part but not all of my money.
Good Luck.
Ken asks…
Does anyone else want to buy gold from Goldline?
Goldline, a company that used endorsements from Glenn Beck and other conservative icons to sell hundreds of millions of dollars worth of gold to consumers, has been charged with theft and fraud in a 19-count criminal complaint filed Tuesday by local officials in California.
The criminal complaint filed Tuesday by the Santa Monica City Attorney’s consumer protection unit marks the latest in a series of allegations it has leveled against the gold dealer, which pioneered the practice of weaving its sales pitches into broadcasts by popular conservative political personalities — including two former presidential candidates — to sell hundreds of millions of dollars worth of gold every year.
The complaint alleges that Goldline “runs a bait and switch operation in which customers, seeking to invest in gold bullion, are switched to highly overpriced coins by using false and misleading claims,” according to a statement released by the consumer affairs division of the Santa Monica City Attorney’s office.
The company has been charged in the court filing with misdemeanors that include theft by false pretenses, false advertising, and conspiracy, the City Attorney’s office said. In addition to the charges against the company, the complaint accuses former CEO Mark Albarian, executives Robert Fazio and Luis Beeli, and salespeople Charles Boratgis and Stephanie Howard of defrauding customers. Current CEO Scott Carter is accused of making false or misleading statements. Each of the charged offenses carries a maximum penalty of one year in jail and maximum fines of between $1,000 and $10,000 per offense.
PHOTO: Goldline International CEO Scott Carter, frequently seen in the precious metal firm’s television advertisements, is charged with “disseminat[ing] an untrue or misleading statement in connection with the sale of goods or services.”
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Carter, who is frequently featured in Goldline commercials, told ABC News Tuesday that he was withholding comment until he has had time to review the court filing.
The launch of an investigation into Goldline was first reported by ABC News more than a year ago, when Santa Monica officials first said they were looking into allegations they said were leveled against the company by unhappy customers.
“There are two main types of complaints we’re seeing,” Adam Radinsky of the Santa Monica City Attorney’s office said at the time. “One is that customers say that they were lied to and misled in entering into their purchases of gold coins. And the other group is saying that they received something different from what they had ordered.”
Goldline officials said at the time that customer complaints were infrequent and it responded immediately to address them. The proof of the company’s commitment to customer satisfaction, they said, is Goldline’s top rating from the Better Business Bureau. “When we learn that customers have not received the experience they deserve, we investigate and take action,” said Carter, then Goldline’s executive vice president, in a letter to ABC News sent last year.
financi4 answers:
If you are stupid enough to invest in a “insiders secret investment” that is advertised on television to millions of ppl, I think you probably shouldn’t be too surprised when its not exactly what you were told. Now I cant blame ppl that already bought their gold encouraging ppl to buy some to drive the price up, but the fact that anyone does is beyond me.
James asks…
How do I invest in gold in South Korea?
I really am frustrated when it comes to investing in South Korea. I want to buy some gold coins or gold bullions but here in Korea, there are no gold coin shops. Banks don’t sell gold. The Korean mint does not make gold coins. Of course this is just the top of the iceberg compared to the problems I am having with investing my money while I am working in South Korea. Did you know that Korean brokers do not give you a prospectus on each stock before you buy it? Also, some dealers just give you a handful of stocks and you don’t know the companies. Yeah, that’s South Korea for you.
Anyway, does anyone know how I can buy or invest in gold in South Korea? Or how about Asia, I am willing to travel anywhere in Asia for great deals in gold, Hong Kong, Singapore, India, anywhere in Asia.
Sorry for being long winded but Korea’s investments strategies are a$$-backwards
financi4 answers:
I may not know much, but if you’re so rich that this is actually an issue for you then buy a plane ticket to Hong Kong, they speak English there. Or you could just buy gold online–I see you’ve met the internets.
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