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Old Apr 19th, 2011, 05:30 PM   #1
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Has anyone bought gold? Where should i buy

I've been thinking of buying Gold for the past year now. So i can have some of my

saving in Gold and not all in my bank. But i have no idea where to buy.

I am looking to buy about 2,000 dollars worth, or maybe 2 ounces..

Does anyone here buy gold? Any Advice..
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Old Apr 19th, 2011, 06:06 PM   #2
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My first question is why.

I have looked into the gold and silver bullion and decided to NOT buy. Honestly anyone buying now I feel is late to the party. You need to focus on Gold or Silver Maples which are very hard to buy without paying over spot (price of metal).
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Old Apr 19th, 2011, 08:49 PM   #3
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Too Late

Quote:
Originally Posted by mar2007 View Post
I've been thinking of buying Gold for the past year now. So i can have some of my

saving in Gold and not all in my bank. But i have no idea where to buy.

I am looking to buy about 2,000 dollars worth, or maybe 2 ounces..

Does anyone here buy gold? Any Advice..
Gold hit $1500.00 per oz. briefly today. If you are planning on apocalypse, and have guns to protect it, maybe. If Libya settles up a bit, it should settle back down.

Mind you, if China calls the US debt, plan for the apocalypse.
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Old Apr 20th, 2011, 06:17 AM   #4
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I want to buy gold because i have a prediction that gold will reach 10,000 an ounce. eventually..
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Old Apr 20th, 2011, 06:56 AM   #5
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Quote:
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I want to buy gold because i have a prediction that gold will reach 10,000 an ounce. eventually..
A friend of mine bought some South African gold Kurgerands since he was sure that the price of gold would double. He bought them for about $750 an ounce and sure enough, they did double in value yesterday. Of course, he bought these way back in 1980. So, be prepared to sit on this investment some some years in your wait for gold to hit $10,000. Bonne chance.
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Old Apr 20th, 2011, 08:05 AM   #6
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I want to buy gold because i have a prediction that gold will reach 10,000 an ounce. eventually..
Here is a starting point. Buy quality over price. Canadian Maples and American Eagles are safe, portable and easy to exchange. Do it soon.

Dealer locator for Royal Canadian Mint products
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Old Apr 20th, 2011, 08:50 AM   #7
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Do you mean that "old, broken, useless gold that my relatives will just fight over?
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Old Apr 20th, 2011, 09:09 AM   #8
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I think late to the party as well - try TD Bullion rather than holding it yourself

I wanted to put $100k of my mums money in ( about a 1/3) two dec ago at $880 or so - would have paid for her care for the period without touching the capital.
Timid nephew with co-executor status would not do it - I would have cashed out around $1300-1400 if we had.
Instead we get the grand reward of about a 1/3 of 1% in a savings account.

Now Apple stock has a ways to go yet......just sayin'



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Old Apr 20th, 2011, 09:51 AM   #9
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Think of gold and silver as a big bubble.

Had a friend that bought a silver bar at $55/oz back in the seventies. Hunt busted and bubble burst a few weeks later. If he sold today he would still be $10/oz short of breaking even not counting inflation.

Could also mention Bre-X but point is the big boys will inflate the price as much as they can, sell short and collect big time as the bottom falls out. It is the nature of the bubble world.
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Old Apr 20th, 2011, 10:10 AM   #10
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Quote:
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I want to buy gold because i have a prediction that gold will reach 10,000 an ounce. eventually..


If you're not joking, I'd suggest you talk to a financial advisor.

As others have said, it's too late to invest in gold now. Yes, it's likely to go up some more, but not for long. The european and US economies will settle back down, the unrest in the middle-east will ease and the US dollar will go back up, and people will dump gold and go back to the US dollar. Gold prices will fall.
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