Your Questions About How To Invest In Gold

Betty asks…

How do you invest in Gold and Silver in the Philippines?

How do people in the Philippines invest in Gold and Silver? Do you go to the Central Bank to buy and sell gold there?

Do most people do it online on the internet?

Or do people there use a financial advisor or stock broker?

I would like to know your opinion on how people in the Philippines invest.

John answers:

For a big investment like that, nena would definitely use a financial advisor or a stock broker.

Lisa asks…

How much does gold price grow annually?Is this the right time to invest?

What is the best form to invest in gold?(coins,bars etc)

Thank you for you help! Looking forward to your answers!

John answers:

As mentioned, Gold fluctuates in price, but historically, has done well in the last 5-8 years, though it has seen some substantial drops. When the US Dollar is strong, Gold tends to go down in price, and when the US Dollar is weak, and/or our economy is having problems, investors tend to buy more Gold and so the price (supply/demand) normally goes up. It is used sometimes by investors to “balance” or hedge one’s portfolio, or collection of investment vehicles.

As for which form of Gold is best, that is a personal choice. Each form of Gold investing has it’s pro’s and Con’s. You can buy the metal itself in the form of coins or bullion, making your investment easier to liquidate, you just go to most coin stores/shops/dealers and they will usually buy your gold coins or little ingots/bars right on the spot. Or you can buy into “paper gold”. There are traded funds or ETF’s that TRY to track the price of Gold as close as possible, and actually back the security with the metal itself, meaning for every dollar of asset they have, there is real Gold in their holdings to back it up.

Is “this” the right time to invest? There is no way to predict the future yet, any investment can go belly up, or go down substantially or even go higher, at any given moment. I think that wondering about what our economy will do in the next 1-3 years is a better question. Even then, investing in Gold should usually be a small percentage of our total nest egg, most people will agree, it is not wise to invest all or even half of your money in any one thing. You are usually wise to spread it around a little to a few investments that hopefully compliment each other, or balance the portfolio out.

For example, maybe some into stocks, maybe some under the mattress, and maybe a tiny bit into a gold coin or two, just as an example (LOL) 🙂

DO YOUR HOMEWORK/RESEARCH no matter what, before investing, ok? 🙂

Good luck, and have fun!

Steven asks…

How can I use my 401k to invest in those precious metals? Like Gold, and Silver?

I’m 25, and I opened a 401k in NC at 20, so I have an NC401k. I don’t know how to use it as far as investing goes. However, I have been hearing good things about investing in gold and silver. So can I use my NC401k to invest in gold? How do I do that?

John answers:

Most 401K plans have investment alternatives that are selected by the sponsor. In this case, you have no alternatives. If you can select a stock in your 401K, then you could invest in GLD or SLV to directly track the price of these metals. Otherwise, when you change jobs or retire, you can roll the 401K into an IRA of some type, then buy GLD or SLV.

Susan asks…

How do you invest in GOLD and SILVER in the Philippines?

How do people in the Philippines invest in Gold and Silver? Do you go to the Central Bank to buy and sell gold there?

Do most people do it online on the internet?

Or do people there use a financial advisor or stock broker?

I would like to know your opinion on how people in the Philippines invest.

John answers:

Gold and silver to invest in the Philippines. You have to consult a financial adviser or as you say a stock broker. To be safe.

Robert asks…

How can I invest in buying/selling gold?

I have 5 thousand dollars and want to invest in gold commodity. Is this money enough to buy and sell gold? Is there a website where I can buy and sell gold?

John answers:

Open a brokerage acct like I have….like Etrade. You can do it all on line including the transfer of funds. But listen to me GOOD, never, never, never ever put all your chips on a single stock.

I’m suggesting you buy a gold stock otherwise you need to buy the coins, or whatever and then you need a safe at home ya da ya …..etc

Good luck,

Paulee

Etrade.com and look at financial shows like “Mad Money” msnbc or Fox Bulls and Bears

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