I want to buy some gold for "safety" but don't want to put money in any related ETFs or stocks.
Is buying Maple Leaf Gold coins the way to go? I have no experience in it. Can anyone share?
In particular, I want to know:
1. Ease of buying/selling
2. Transaction costs (fees, etc) in buying/selling
How to invest in gold?
- Peculiar_Investor
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Re: How to invest in gold?
While I personally wouldn't invest in gold you might want to review our wiki article Gold - finiki, the Canadian financial wiki for some ideas and then come back to this topic if you have further questions on the topic.
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Normal people… believe that if it ain’t broke, don’t fix it. Engineers believe that if it ain’t broke, it doesn’t have enough features yet. – Scott Adams
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Re: How to invest in gold?
Safety from what?
- Volatility? Bond prices are much less volatile than gold prices.
- Inflation? Real-Return Bonds are much better at this, as their face value and coupons are actually indexed to the CPI.
- Disaster? Paper money, food, and water are much better to barter in such situations.
- What else?
Variable Percentage Withdrawal (finiki.org/wiki/VPW) | One-Fund Portfolio (VBAL in all accounts)
Re: How to invest in gold?
Best gold investment I ever made was a wedding ring.
George
George
The juice is worth the squeeze
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Re: How to invest in gold?
For the purchase (investment ?) of precious metals I have a rarely used account with Kitco. Might be a starting point for you.
http://www.kitco.com/
http://www.kitco.com/