- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Whats the best way to start investing in gold?
Posted on 7/28/20 at 7:33 am
Posted on 7/28/20 at 7:33 am
9
Posted on 7/28/20 at 7:50 am to Buck_Rogers
This is a sell signal for sure
Posted on 7/28/20 at 7:53 am to Upperdecker
Legit answer, you can buy gold index funds, you can buy bars (not recommended), or you can buy miners. I prefer miners, they can swing a lot more than the funds, but obviously more risky.
If you want to invest in gold, you may also want to invest in silver. Silver tends to rise with gold, and it is undervalued compared to gold currently when considering past ratios of the two. SLV or silver miners to invest in silver
If you want to invest in gold, you may also want to invest in silver. Silver tends to rise with gold, and it is undervalued compared to gold currently when considering past ratios of the two. SLV or silver miners to invest in silver
Posted on 7/28/20 at 8:00 am to Fat Tire
Buy physical metals from reputable online dealers and certain mining stocks. Silver has a much higher upside than gold. I would stay away from silver rounds and bars that are minted by independent mints and stick with the more commonly recognized silver like American Eagles, Canadian Maple Leafs, Austrian Philharmonics, Australian Kruggerands, etc. With this being said, the gold futures have started to go down because nothing keeps going up in a straight line for a long period of time. We should see a drop in the metal prices soon and don't ever chase the prices of metals and stocks on the way up!
Most mining stocks are not worth anyone's money and you'll have to pay to get info on the better companies other than the occasional ones I see mentioned in this board.
I'm not a big fan of GLD and SLV, the paper versions of the physical metals. If you don't hold it, then you don't own it.
Most mining stocks are not worth anyone's money and you'll have to pay to get info on the better companies other than the occasional ones I see mentioned in this board.
I'm not a big fan of GLD and SLV, the paper versions of the physical metals. If you don't hold it, then you don't own it.
Posted on 7/28/20 at 8:07 am to goodgrin
Mining of precious metals tends to lag a bit behind the price of the metals themselves.
Did well with KL earlier this year.
Did well with KL earlier this year.
Posted on 7/28/20 at 8:21 am to Fat Tire
you can do ETF's, mining stocks, physical or trade futures contracts.
Posted on 7/28/20 at 8:28 am to Upperdecker
quote:
This is a sell signal for sure
Posted on 7/28/20 at 8:49 am to Fat Tire
(no message)
This post was edited on 7/28/20 at 8:51 am
Posted on 7/28/20 at 9:37 am to Upperdecker
quote:
This is a sell signal for sure
Yes, because a 100% return in 5 months is horrible. Pan American Silver and First Majestic Silver are just a few that have been good to me. The next stimulus bill will only put me in a better position. Gold will continue to rise for several years, and silver has a lot of catching up to do, since historically 1 ounce of gold would buy you 20 ounces of silver. On top of that, add to the fact that silver has many industrial applications. One major application is with the wave of green technology, such as solar panels and electric cars.
This post was edited on 7/28/20 at 9:40 am
Posted on 7/28/20 at 9:40 am to Buck_Rogers
It was a joke about OP baw
Posted on 7/28/20 at 9:45 am to Buck_Rogers
Physical delivery is driving these markets. Funds and family offices are stacking. Generic 100oz Silver bars are selling for 14-20% over spot and there is not a lot to choose from. Normal premium should be 3-5% max Futures speculation has not ramped up to mania yet. The spot and futures price will catch up to what bullion dealers are trading the metal in your hand for in short time. Buy the dips and expect dramatic moves both ways
Posted on 7/28/20 at 10:52 am to Fat Tire
By waiting to invest in something that’s not at an all time high. Now may be the worst possible time to invest in gold, the people who’ve done well invested years ago. Patience My friend
Posted on 7/28/20 at 11:32 am to misterc
I was looking at buying online gold yesterday. I just want to have as small hedge. I already own GLD but wanted to have physical gold.
Posted on 7/28/20 at 11:55 am to Fat Tire
go to coinbase, purchase bitcoin, then transfer your private key - this is the best way to buy "gold".
Posted on 7/28/20 at 12:01 pm to Buck_Rogers
quote:
Mining stocks
Most mining companies are broke or in exploration phase so I wouldn't start your journey there. If you just want to invest in some gold buy physical or contracts
Posted on 7/28/20 at 12:29 pm to AUtigR24
quote:
Most
I didn't say to invest in most, but some will give you exponentially greater returns to buying gold or silver bullion.
Posted on 7/28/20 at 12:40 pm to Fat Tire
You should be able to purchase gold through your brokerage house. American Eagle Gold 1 oz coins are the most liquid and can be held in an IRA. My company clears through Fidelity and uses this company. I am not sure they own them tho. You can also buy silver and platinum. You can pay for them to store the coins or take physical delivery. The cost for delivery is going to vary based on the amount. It aint cheap cause you are paying for insurance. This is not a solicitation.
LINK
LINK
Posted on 7/28/20 at 1:32 pm to Upperdecker
quote:
you can buy bars (not recommended),
What do you do when you want to cash these in? Go to a pawn shop with a bunch of gold?
Posted on 7/28/20 at 1:35 pm to OysterPoBoy
This is why you buy them from a reputable source like the one I posted. You can sell your coins or bullion to be delivered and ship them back. The website has bid and ask for all products
This post was edited on 7/28/20 at 1:45 pm
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News