How do I go about investing in gold and/or silver?

How do I go about investing in gold and/or silver?I am interested in putting a part of my savings into gold and/or silver ? but I am baffled as to exactly how one goes about doing this. I?ve googled the area around my place and it looks like the only places where gold/silver is void are shady pawn shops type deals and coin shops. What should one look for to neutrally determine (not word of mouth) whether or not a dealer is sound?

More much, what is a reasonable premium I should be probable to pay on gold/silver bullion? And how can I be sure that what I am buying is in fact the real deal and not just plain crap?

I am not interested in using e-bay or Kitco and paying the linked shipping costs or worry about insuring a consignment or having it stolen or lost. I am also not interested in buying ETF, e-gold, gold stocks, or anything of that sort. I am only interested in tangible metal for reasons too detailed for me to get into with the character and time limitation I have right now. Please help!

freakboynv2000
well you don?t leave many options if you are not willing to pay for shipping. the only thing that i can say is call the bbb in your area and question if the coin dealer has any complaints. you might also see if there is a coin collector club in your area that has tips for you. as far as pricing goes i use the web to compare prices. goldline.com has some fantastic info on it. you can google silver or gold bullion and find many dealers to shop.

lithium630
First I need to say that gold and silver are historically terrible investments. They have had a decent run lately, but despite what all the radio commercials say, gold has never beat inflation, never mind stocks over a significant period. US currency is no longer based on gold.
That being said, there are plenty of companies that specialize in gold bullion. As for not paying shipping, I don?t reckon thats realistic unless you buy from a coin show. (which you don?t want to do). You will pay for shipping one way or another because dealers pass their cost on to you.

ADP_14
I like www.monex.com the best. But that doesn?t solve your shipping cost issue.

If the gov?t spur package passes what investment has a larger upside Cargo or Gold (by itself)?Right now the government wants to pass a spur package in the ?Billions?!!! If the gov?t spur package passes what investment has a larger upside Cargo or Gold (by itself)?

Where would you place your money in:

1) Cargo Index (ETF)
2) Gold (by itself)
3) Silver (by itself)
4) Gold and Silver
5) Gold mining stocks
6) Agricultural Cargo Index (ETF)

enoriverbend
Gold, and to a lesser extent silver, are what some people hold as a protection against tough fiscal times and inflation; use of gold in manufacturing and decorative capacities is lesser. (I am leaving aside the issue of whether it?s really a excellent hedge for that purpose or not.)

Cargo, on the other hand, respond nearly entirely to demand fluctuations based on actual use ? even though there has been a lot of approximate influence in prices just.

So if the spur works, or even if the economy shows signs of improving with or without a spur, then cargo will do well. If the spur causes inflation (or dread of inflation), then gold will do well. In either case the timing of price passage is hard to predict and volatility will continue.

I am honestly cynical about the degree to which the spur package will do any excellent, but I also feel that the economy will/would have in excellent health on its own, so in either case cargo are arresting. Since we now show every sign of deflation rather than inflation, gold is less arresting, but I would not underestimate the impact of dread on the equation.

Is now a excellent time to get into stocks?I just came in to possession of about 50K.

Interest rates are laughable, EE bonds (was my conservative choice until..) the goverment screwed the float rate to a fixed rate so now at this time would be a sucker go to lock in crap rates for 20 years.

Looking at stocks now but any suggestions as for timing in/any companies in particular at a significant discount?

I was looking at name brand huge guys who are in the sewer right now and looking at the charts are at least 50% off the price for the past few years (GM,GE,BAC) in addendum to some drug companies (theravance in particular).

I was reckon about putting 1/3 into staple stocks (Industries which are well in any economy like tobacco,alcohol,pharmaceuticals) so Altria group and the like.

Another 1/3 split into several of the huge potentially dead name branders (dividends are very impressive and the price should they recover on some of these guys is insane)

With the last partI want to have into the futures of oil and possibly silver.

My question is do you reckon it is possible for yet another render down- not 15% but another cut in half scenario. Also how are OIL etf?s traded/what is a excellent etf to cover the sum of oil as futures seem a bit too much expense wise and complication wise. I don?t know the commodity trade as well as I should but wish to invest in the price as a whole rather than output from a particular locale/grade.

Basically I want paper oil w/o cherry picking the fine points so much like looking for a bond fund without going and buying up treasury,municipals and junks.

Jeff T
If I woke up and found I $ 50K, here?s what I would do with it:

1) Pay off any debts I have, except the finance.

2) Stuff a bunch of cash in the bank (6-8 months of expenses, in case there?s a long layoff)

3) Invest the rest, if there?s anything left over.

As for stocks:
For small term gains, you can make more picking up stocks that are bouncing on the bottom (Buy Sprint when it?s under $ 2, and sell when it gets back above $ 3)

For long term, high bonus stocks are the place to go.
One startling stock is WWE (World Wrestling Entertainment).

Bobo
No, I believe we could easily see 30%+ drops in the indexes over the course of a few months. Look at it this way, it took the tech crash over 2-3 years to find a bottom and we?re about 1 year into this down turn. This problem is much larger, and GM might become a 0.

Take the low yields on savings and CDs, people are justly frightened to invest and are taking 0% yield in treasuries right now. That is where the smart money is hiding. Not losing money, is more vital than yield when things are looking this hideous.

dgt884
Anytime is a excellent time to buy ?quality? shares. Right ? some times are better than others Be different ie- buy when the herd is selling & sell when they are buying
Don?t fall into the trap of treating the stock market(s) as some sort of casino ? Aim for regular returns a small over the inflation rate / be patient & in time you will be well rewarded
In small ? Select excellent companies & start buying right now

What are the best bargain investments right now?I like the DIA (ETF for the Dow Jones),
I like UNG (ETF for Natural Gas),
I like real estate in Detroit because prices are very low and foreclosures abound.
A propos Culture I like degrees in medical billing because they take only 1 year to get and they are in demand.
I like to invest in small businesses like gas stores and one dollar stores because everybody uses them.
I don?t like single stocks because of lack of diversification.
I don?t like forex market because I am not a trader.
I don?t like options because they are too risky and complex.
I don?t like silver and gold because the price is too high.
Do you know better investments?

Tomel
For a young person, the absolute best investment is in a excellent culture in a field where there is going to be a high demand for talented those. An investment in culture will pay ?dividends? your entire working life.

As to financial investments, my choice would be mutual funds with excellent past track records and stable management (a mutual fund?s past track record is beside the point if the those administration the mutual fund have changed).

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