gold buying advice: if i am spending $100 or less..

[haaaylee]

what is the best thing to buy?

what i'm really looking for is a link to buy online, that is the best bet for the small amount i can spend right now.

 

[Razmear]

If you only have $100 consider junk silver coins. That will give you the best bang for the least bucks.

eb

 

[socialize_me]

Yeah, you can't buy any gold really for $100. It's over $800 an ounce. Buy some silver instead. I'm not too big of a fan of silver coins like the pre-1965 quarters, but instead purchase some 1 troy oz. silver bars on ebay. They're about $15-20 a piece, and some have pretty cool designs. You can get them factory sealed and untouched, and you'll be amazed at how shiny silver is.

But yeah, don't go for gold. Silver has outperformed it almost every year and is much cheaper...for now.

 

[DJ24966]

Isn't like 1 ounce of gold worth like $906 or something right now? I think thats what it was when I checked earlier.

 

[socialize_me]

Yep it's actually currently $903/oz, up over $31 today...

 

[brandon]

http://www.blaircandy.com/gococh.html?productid=gococh&channelid=FROOG

 

[Razmear]

$910 / oz according to Bloomberg

http://www.bloomberg.com/markets/commodities/cfutures.html

eb

 

[alaric]

i'll go one better: I'm trading my gold FOR silver. Silver is going up much more than gold.

 

[constitutional]

what is the best thing to buy?

What i'm really looking for is a link to buy online, that is the best bet for the small amount i can spend right now.

slv

 

[socialize_me]

Yep, if you are in the market right now, I suggest putting some into SLV or USO (Commodity ETF's for silver and oil respectively).

 

[ShowMeLiberty]

Yeah, you can't buy any gold really for $100. It's over $800 an ounce. Buy some silver instead. I'm not too big of a fan of silver coins like the pre-1965 quarters, but instead purchase some 1 troy oz. silver bars on ebay. They're about $15-20 a piece, and some have pretty cool designs. You can get them factory sealed and untouched, and you'll be amazed at how shiny silver is.

But yeah, don't go for gold. Silver has outperformed it almost every year and is much cheaper...for now.

I never would have thought to look on eBay. Thanks for that tip!

 

[Arklatex]

You'll be limited if you want gold options under $100, the stuff is just too expensive. You could get 1, 1/10th ounce Krugerrand or some these maybe:

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&ssPageName=STRK:MESELX:IT&item=160284976987


My mate bought an 1 ounce kuggerand last week on ebay the very day before gold and silver shot up and the bailouts were announced.
Whaddya know Cramer is all about Gold today on his show.... hah!

 

[max]

i'll go one better: I'm trading my gold FOR silver. Silver is going up much more than gold.

slv is more liquid if you end up having to buy groceries with it

 

[Feelgood]

http://www.goldline.com

 

[powerofreason]

http://www.apmex.com/Category/17/90_Silver_Coins_Rolls__Bags.aspx

 

[Josh_LA]

If you only have $100 consider junk silver coins. That will give you the best bang for the least bucks.

eb

I second that.

You probably can't even buy a 1/10 ounce gold coin for $100.

If you have only about $100, get silver : washington quarters or franklin half dollars.

Use coinflation.com to see the melt value, and add about 10-20% to that, that'll be the reasonable price you pay after shipping is added. eBay will have it.

 

[idiom]

Stay away from ETF's. You want physical gold or silver.

 

[socialize_me]

idiom...I have physical silver and it's very illiquid. You have to literally go on eBay and wait before you can exchange for liquid cash. ETF's are great because, albeit in a fractional-reserve sense, they are easily transferable and extremely liquid. You can sell out of your ETF to pick up a position in a stock or bond, or quite possibly switch out and buy some Commodity Futures. Really the only time you would want physical gold/silver is when the Dollar collapses, and that won't be for a while yet. Just wait until the auto industry gets their stimulus checks---all of these things will shoot up ETF valuations...play the market a bit if you're in it by investing into these ETF's. Don't buy Treasuries or even invest in other currencies; buy the commodities or at the very least the ETF's of those commodities (SLV, GLD, USO, or DBA). Take advantage of the 10% one-day climbs.

 

[jd603]

also, DGP will give you double the return of gold. (or double the loss if it goes down)

KGC, AUY, AU , some good gold mining stocks, doing very well. KGC is up 32% since last week.

Now, with its recent run-up, don't cry if you buy some of these and lose money to start, nothing goes straight up but given what the fed is planning, its a good bet they are going up.


..and yes, you don't want all paper. I've moved to 50% physical gold/silver, 50% market investments.

If you don't have thousands to invest, SILVER is probably your best bet, or a mix of gold/silver if you have enough $.

I personally avoid junk silver now, I buy silver eagles or silver maples, both in short supply at the moment though.


I've been buying physical stuff from Ken Murphy at bostonbullion.com , haven't had an issue yet. If you call him , tell him James sent you.

Yep, if you are in the market right now, I suggest putting some into SLV or USO (Commodity ETF's for silver and oil respectively).

 

[haaaylee]

what about this?

http://cgi.ebay.com/1-Troy-OZ-999-F...39:1|66:2|65:12|240:1318&_trksid=p3286.c0.m14