How To Invest In Gold Now – Buying And Selling Gold, Coins, Bars, Shares, Mining, ETFs

• Home

$900 spot gold price just around the corner?

   Subscribe To Our Feed

“Spot gold set a fresh record high of $898.00 this morning before sinking to $893.40 on profit taking”, reports Money Week today. “Silver hit a 27-year high of $16.29 today before slipping back to $16.24”, the publication continues.

It was only a few weeks ago that gold prices were hovering around $800 an ounce, so $900 can only be just around the corner, and the prospect of gold at $1000 an ounce that a number of commentators have predicted has quickly become a very real possibility in the not at all distant future.

Obviously gold shares and futures as well as gold coins and bullion are becoming more interesting by the day, as are gold-based ETFs.

Gold jewelry also continues to become more and more attractive as a way of owning the precious metal, and buyers of scrap gold are not resting either.

Watch this space!

By the way, where do you see the price of gold heading in the next few months? Feel free to leave a comment (below the box on the category pages if you can’t find it in the main page!).

Gold stocks – gold-producing stocks and trading the gold-stock bull

   Subscribe To Our Feed

“In the wild and whacky world of gold stocks, investors and speculators have a wide range of options for capital deployment”, writes Scott Wright of Zeal Research in an extensive forum post at Gold Eagle with the title Gold-Producing Stocks.

He continues: “These options can be categorized in many different ways, but it all boils down to risk. The degree of risk varies from extremely risky with the junior gold explorers to just plain risky with the large senior producers.”

Wright dissects the gold mining industry, highlighting the different phases companies may be in, and gives pointers on what to look for when analyzing the increasingly wide range of gold stocks and shares available on the market today, as well as pitfalls to avoid.

Obviously not everyone has the time or the inclination to research the sector in depth themselves, and at the end of the long and informative article the author offers an in-depth report on 20 top gold stocks for purchase:

“After cataloging hundreds of gold stocks and researching nearly 100 gold producers, we’ve identified and profiled our favorite 20 gold-producing stocks. In a brand-new report format, we delve into an in-depth fundamental examination of each producer on a project-by-project basis.

“This report includes producers of all sizes ranging from those that are in the process of commissioning their young gold mines to those that are among the largest in the world. We believe we have identified a good mix of innovative, long-life, low-cost and well-managed gold companies that are in position to be the gold-stock leaders in the years to come.”

Zeal Research also offers a paid monthly newsletter, but in addition their website has a section called Essays, with detailed analyses and charts. In an essay titled “Trading the Gold-Stock Bull“, Wright’s colleague Adam Hamilton closes with the words “With gold now at just over 1/3rd of its famous inflation-adjusted January 1980 high, odds are the majority of this gold-stock bull is still yet to come,” so investing in gold stocks and shares is obviously definitely worth looking into in his opinion.

If this whole aspect of investing in gold is new to you – and even if it isn’t – reading Scott Wright’s forum article and Adam Hamilton’s essay, as well as some of the other articles you can find at these two sites, will certainly provide some good initial insights into analyzing and investing in gold stocks and shares.

Sell gold jewelry & gold coins online?

   Subscribe To Our Feed

In these days of the internet and overnight express mail, it should come as no surprise that buying and selling gold online is also possible.

US company Lippincott, LLC, who say they have been helping people turn gold into cash for nearly 20 years now, offer this service at their GoldKit.com website.

Customers order a free “GoldKit”, in which they can then send gold coins or unwanted gold jewelry, insured for free, to the company, which will then value the precious metal and send them a check. There are also instructions for those who prefer to use their own packaging to expedite the whole procedure.

While the emphasis is on gold, it seems Lippincott will also buy silver coins, as is outlined on the relevant page of the website, Gold and Silver Exchange.

Customers can track their GoldKit en route to the company, which also says it will reverse the transaction and return the gold if a person is unsatisfied with the amount they offer.

Lippincott offers various elements of reassurance of the security of selling gold coins and selling gold jewelry online, such as membership in the Better Business Bureau since 1997, a satisfaction guarantee and the fact that they advertise on TV (you can even watch the GoldKit TV commercials online).

Ultimately, of course, it is up to you to check them out and decide whether you are prepared to take the risk.

 To find out what kind of gold the company buys you can see “some examples of scrap gold and silver & scrap gold jewelry that you may have lying around, gathering dust” in the section Scrap Gold And Silver We Buy, whereby you may not consider one of their examples, “Foreign gold coins“, to be scrap!

If you live in the USA and you think this might be something for you, check them out, make sure you do your due diligence, and if you’re happy with what you find, try them out – perhaps with a small volume that won’t hurt if for some reason it doesn’t work out (highly unlikely, but of course you never know).

Of course, you may also want to check out some of their competitors, such as this one.

And please feel free to come back and leave a comment here on your experience!

Spot gold price takes a breather

   Subscribe To Our Feed

After reaching dizzying heights last week, when investors took profits on the rally spot gold dropped to its lowest level in nearly a week, falling to $813.17, while silver also fell back to $15.16, reports Money Week.

Spot gold at highest level since January 1980

   Subscribe To Our Feed

Spot gold briefly peaked at $814.10 today after a jump in the oil price, before dropping back to $813.50 – which is nevertheless comfortably over the $800 level only recently predicted to be reached “by the end of 2007”.

At the same time, silver reached $14.84 an ounce then moved back to $14.83.

« Previous Page — Next Page »

Copyright © How To Invest In Gold Now – Buying And Selling Gold, Coins, Bars, Shares, Mining, ETFs

Credits: Work From Home | Matteo Turchetto | Andreas Viklund