Best way to buy gold?

Type_45

I want to buy gold. What's the best way?

But actual gold? Buy an ETF/shares (if so, which ones)?

And what's the medium/long term outlook for gold as an investment? 

couriervanman

Type_45 said:

I want to buy gold. What's the best way?

But actual gold? Buy an ETF/shares (if so, which ones)?

And what's the medium/long term outlook for gold as an investment? 

"And what's the medium/long term outlook for gold as an investment? ".........Don't you think that's down to you to find out with a bit or research

Type_45

couriervanman said:

Type_45 said:

I want to buy gold. What's the best way?

But actual gold? Buy an ETF/shares (if so, which ones)?

And what's the medium/long term outlook for gold as an investment? 

"And what's the medium/long term outlook for gold as an investment? ".........Don't you think that's down to you to find out with a bit or research

This IS research.

couriervanman

No its lazy research

BananaRepublic

Type_45 said:

I want to buy gold. What's the best way?

But actual gold? Buy an ETF/shares (if so, which ones)?

And what's the medium/long term outlook for gold as an investment? 

The sensible approach is to do research before buying a commodity, not afterwards. Would you like to borrow a pin and blindfold for choosing shares? 

The_Green_Hornet

Maybe a book would help.

Investing in Gold & Silver for Dummies

planteria

i see Type_45's point, in that the forum is here for discussion, to share ideas, to ask questions.. most queries could be responded to with "DYOR!!" but there wouldn't be much point in having the forum.
fwiw Type_45 we looked at funds and could see that in theory they're called upon and there isn't enough metal to back them up. we bought a little bit of physical gold to look after ourselves - rather than buy more and have to pay for storage, and decided not to 'buy Gold' at all: instead bought Newmont as a leveraged play on a rising gold price [like their approach of operating the business based upon a $1200 gold price] and bought Bitcoin [some describe as 'digital Gold' and is an enormous subject in it's own right].

Prism

Why do you want to buy gold? If you can work out your reason and it seems sensible the next step is to work out if you think many people agree with you. If they do then gold will likely go up, if not it will likely go down. 

HansOndabush

Prism said:

Why do you want to buy gold? If you can work out your reason and it seems sensible the next step is to work out if you think many people agree with you. If they do then gold will likely go up, if not it will likely go down. 

You buy gold because it is a store of value proven over thousands of years. Fiat currencies come and go but you can rely on gold to maintain purchasing power. What you propose would only apply to a short-term speculator.

TheAble

BullionVault is well-regarded I believe.

ColdIron

HansOndabush said:

Prism said:

Why do you want to buy gold? If you can work out your reason and it seems sensible the next step is to work out if you think many people agree with you. If they do then gold will likely go up, if not it will likely go down. 

You buy gold because it is a store of value proven over thousands of years. Fiat currencies come and go but you can rely on gold to maintain purchasing power. What you propose would only apply to a short-term speculator.

Gold is a good store of wealth, it is unlikely to become worthless, but it's a rotten store of value