How to own Gold

[sukie]

Is an ETF a good way to own it? One can own physical god... No thank you. One can own Gold Certificates... Not bad... But how about these ETF's that own it for you but offer fund type pricing?

[treydawg]

As close as you're gonna get: http://www.fool.com/investing/international/2007/07/31/etf-teardown-the-best-gold-stocks.aspx

[TRIPLE P]

This dude I know just bought a giant chunk of silver

[treydawg]

This dude I know just bought a giant chunk of silver

haha...we need pics!

[TRIPLE P]

haha...we need pics!

If I'm over there and I remember... its funny... its about 6in X 2in X 3in... its heavy as hell and cost a a bunch of money... and he doesn't have a bunch of money. He's kinda retarded.

[Bosco]

I suggest gold mining mutual funds instead of gold stocks.

I have owned these two mutual funds for many years and both have done very well.

Vanguard Precious Metals and Mining (VGPMX)
http://finance.yahoo.com/q/pr?s=VGPMX

Tocqueville Gold (TGLDX)
http://finance.yahoo.com/q/pr?s=TGLDX

[jimmifli]

ETFs are my weapon of choice.

[Hipcrocy]

Gold coins aren't bad for small amounts ...

[35Pete]

You guys should be asking yourself why it is not legal per say to own gold.

Tell you what. It has NOTHING to do with your best interests either.

[35Pete]

If I'm over there and I remember... its funny... its about 6in X 2in X 3in... its heavy as hell and cost a a bunch of money... and he doesn't have a bunch of money. He's kinda retarded.

With the dollar falling it was the smartest move he could have made.



I ran these numbers a bit ago. Silver looks good against the phony fiat dollar

http://i6.photobucket.com/albums/y241/35Pete/silver_value.jpg.

[sukie]

December 31, 1974 ended the era of private U.S. gold ownership restrictions which had begun in 1933. As of January 1, 1975, U.S. citizens were again free to own gold in any form, including bullion, and in any amount that they can afford, without restrictions or any federal ‘reporting’ of those holdings.

What do you mean illegal to own gold?

[treydawg]

December 31, 1974 ended the era of private U.S. gold ownership restrictions which had begun in 1933. As of January 1, 1975, U.S. citizens were again free to own gold in any form, including bullion, and in any amount that they can afford, without restrictions or any federal ‘reporting’ of those holdings.

What do you mean illegal to own gold?

Yes, this has me confused as well.

[35Pete]

December 31, 1974 ended the era of private U.S. gold ownership restrictions which had begun in 1933. As of January 1, 1975, U.S. citizens were again free to own gold in any form, including bullion, and in any amount that they can afford, without restrictions or any federal ‘reporting’ of those holdings.

What do you mean illegal to own gold?

Sorry. I confused it with the Gold Clause Resolution which stipulates that you cannot use gold as currency. That is still in effect by the way. In other words gold is treated as a commodity, not a currency. Funny, gold has value, paper does not. When I said "per say" I clarified it in my head but obviously didn't detail this. My bad.

[sukie]

Silver seems to always be doing well. Platinum and Copper are strong players... any other metals float anyones boat?

[35Pete]

Silver seems to always be doing well. Platinum and Copper are strong players... any other metals float anyones boat?

I haven't checked but mercury, tungsten, titanium might be worth looking into I'd think.

[sukie]

I really like the Street tracks Gold ETF... $95 a share. They actually are #3 in the world in Gold ownership.

[sukie]

Well I own SOME gold ... Kinda... AUY Yamana gold. Not too pricey at around 18 and change. Whats 200 shares when you're talking about the shiny yellow metal.

[charbs]

Best way to do it is if you happen to go over seas, buy some gold in other countries. Its rediculous how high the markup in the states is. Plus usually you can bargain and barter the price. Then hold on to it. My grandmother has a rediculous gold coin collection that she has had since she was 18 and it really is the best way to go. The dollar will get shitty, currency everywhere can fall but gold will always be gold.

[35Pete]

Tangible hard assets is the way to go.

I dumped everything I had in my 401K into the bond market because we don't offer a hard assets option. But if I could I'd dump it all into gold, silver, and precious commodities.

I heard that buying euros is not the way to go either. That the European privately owned central bank is slowly and quietly inflating their money supply, but not nearly at the insane rate that the Helicopter is. Is R&R around to confirm/refute?

[BIGfranky75]

I suggest gold mining mutual funds instead of gold stocks.

I have owned these two mutual funds for many years and both have done very well.

Vanguard Precious Metals and Mining (VGPMX)
http://finance.yahoo.com/q/pr?s=VGPMX

Tocqueville Gold (TGLDX)
http://finance.yahoo.com/q/pr?s=TGLDX

i agree.... the vanguard fund has doen very well for me.... however, i am not totally sure i would suggest buying in now. with the market getting pummeled lately, i am dumping my money into it as i think the upside for stocks at this point is much greater than that of gold.

[sukie]

i agree.... the vanguard fund has doen very well for me.... however, i am not totally sure i would suggest buying in now. with the market getting pummeled lately, i am dumping my money into it as i think the upside for stocks at this point is much greater than that of gold.

Gold is in the crapper at around 880ish... Not a bad time to pick some up but I agree that the market is fine... all the subprime crap to come has already been factored in. AUY is an enigma to me. I bought 200 shares at 18 bucks and its bellow 13 now. I might jump on a 100 more once I see an upward trend.

[35Pete]

i agree.... the vanguard fund has doen very well for me.... however, i am not totally sure i would suggest buying in now. with the market getting pummeled lately, i am dumping my money into it as i think the upside for stocks at this point is much greater than that of gold.

Based on what? A "feeling"?

[sukie]

Metals hitting the crapper. Gold down to 850