I want to invest in gold ( need advice)

[TruthisTreason]

WRONG. That's not an investment. An investment is putting money into something that will produce.

If I bought gold last week with the intention of selling it this week for profit. That's buying the gold for an expectation of profit. That by definition is an investment. Whether it's a good one or not remains to be seen.

 

[Dr.3D]

WRONG. That's not an investment. An investment is putting money into something that will produce.

If you buy something that appreciates in value, it can also be considered an investment.

I really wish this silly argument as to gold and silver being an investment or not would finally end. It can be considered an investment if it appreciates in value as compared to the dollar.

Look in the dictionary for the definition of investment and you will see what I am talking about.

 

[Ilhaguru]

If I bought gold last week with the intention of selling it this week for profit. That's buying the gold for an expectation of profit. That by definition is an investment. Whether it's a good one or not remains to be seen.

That by definition is speculation.

 

[Bruno]

If you buy something that appreciates in value, it can also be considered an investment.

I really wish this silly argument as to gold and silver being an investment or not would finally end. It can be considered an investment if it appreciates in value as compared to the dollar.

Look in the dictionary for the definition of investment and you will see what I am talking about.

I agree.

in⋅vest⋅ment
the investing of money or capital in order to gain profitable returns, as interest, income, or appreciation in value.

http://dictionary.reference.com/browse/investment

 

[the count]

Check out these places: http://blanchardonline.com and http://kitco.com and http://ampex.com

Note that with the first 2 there is a several week waiting time to get your gold! If i were you, i would use $2,500 of your $25K to also buy 2 100 ounce silver bars. Many think that at 80:1 silver is due to rise to the other end of the range, 40:1

Also, if you still want to use ETFs, take a look at DGP, which is a double long gold ETF. Double the bang for your buck, but it also hurts twice as much when gold goes down :-(

 

[Cowlesy]

Holding gold is protection or insurance against government’s proclivity to debase its currency. The purchasing power of gold goes up not because it’s a so-called good investment; it goes up in value only because the paper currency goes down in value. In our current situation, that means the dollar. - Ron Paul

I thought this was a great article by Congressman Paul about Gold earlier this year.

http://www.lewrockwell.com/paul/paul445.html

 

[Bruno]

That by definition is speculation.

Then the entire stock market is speculation and not an investment either

 

[DFF]

www.goldmoney.com

Based out of Jersey, underwritten by Lloyd's Of London, with insurance and storage provided by Via Mat International.

Outside of physical possession, goldmoney is as secure as you can possibly get.

 

[Ilhaguru]

Then the entire stock market is speculation and not an investment either

You're buying equity into something that will produce a final good or provide a service.

Plus, some companies pay dividends, which gold doesn't do.

 

[jonahtrainer]

I want to put 25,000 into gold. Should I buy gold bullion bars, or invest in the GLD at 75.00 a share. Any advice would be appreciated.

I would probably get US legal tender coins if you can find them. You may want to look into GoldMoney (video) as they are a great value. Stay as far away as possible from GLD or any other ETFs.

If I were allocating 25k I'd probably do 10k in US legal tender and mix it up between gold and silver eagles. The other 15k I'd buy via GoldMoney.

 

[Matt Collins]

If you buy something that appreciates in value, it can also be considered an investment.

It can be considered an investment if it appreciates in value as compared to the dollar.

Look in the dictionary for the definition of investment and you will see what I am talking about.

If I bought gold last week with the intention of selling it this week for profit. That's buying the gold for an expectation of profit. That by definition is an investment.

That is not the scholastic definition of investing. That is called speculating. Gold is a commodity NOT an investment.

You invest in a company. You can't invest in gold, unless you buy stocks in a mining company.

 

[Matt Collins]

Then the entire stock market is speculation and not an investment either

No, it's investing because you are buying pieces of something that is expected to produce, grow, and return a profit. Precious metals just sit there... they don't produce anything. I am not saying people should't have some gold laying around if they can afford it in case of a SHTF scenario, but quit calling precious metals an investment, because it's not.

 

[Dr.3D]

Results 1 - 10 of about 1,220,020
http://www.search.com/search?q=gold+investment

 

[Ilhaguru]

I have used the term "invest in gold", too. Erroneously, but I have.

Remember: gold is money. Money is not an investment, but a means of exchange that temporary stores value and eliminates the double-coincidence of wants.

 

[Bruno]

Results 1 - 10 of about 1,220,020
http://www.search.com/search?q=gold+investment

No, it's investing because you are buying pieces of something that is expected to produce, grow, and return a profit. Precious metals just sit there... they don't produce anything. I am not saying people should't have some gold laying around if they can afford it in case of a SHTF scenario, but quit calling precious metals an investment, because it's not.

I see your point, in that most folks should consider it a store of money as opposed to an "investment" - people just use the term loosely. It is overall a good idea to make new gold investors, er, I mean purchasers, know that gold is store of value.

 

[rockandrollsouls]

No, it's investing because you are buying pieces of something that is expected to produce, grow, and return a profit. Precious metals just sit there... they don't produce anything. I am not saying people should't have some gold laying around if they can afford it in case of a SHTF scenario, but quit calling precious metals an investment, because it's not.

The definition used in this context is different than the dictionary definition. Investing is putting your money in something that DOES return a profit. If it doesn't, you are SPECULATING. Big difference.

I would not say gold is either...it is used to retain wealth.

 

[rockandrollsouls]

That is not the scholastic definition of investing. That is called speculating. Gold is a commodity NOT an investment.

You invest in a company. You can't invest in gold, unless you buy stocks in a mining company.

If you buy stock you aren't investing in a company. You need to stop spreading misinformation because it's obvious you don't know how this works. When you buy stock, none of that money is being given to the company. It is changing hands from the previous owner. You are purchasing ownership in the company. Along with that ownership comes a say and, a possible dividend.

When you buy a share of stock you aren't investing money in that company. It's a complete fallacy and lack of understanding of the subject.

An investment is different than purchasing ownership. It may be considered investment if that share of ownership is giving you a cash dividend.

 

[Cowlesy]

Unless you purchase the stock in an IPO or secondary offering

 

[rockandrollsouls]

Unless you purchase the stock in an IPO or secondary offering

That goes without saying...but the way some people talk here it might be a good thing you mentioned that

I'm not sure if they know.

I don't know which of us have the access to purchase an IPO, though =p

 

[Josh_LA]

I have used the term "invest in gold", too. Erroneously, but I have.

Remember: gold is money. Money is not an investment, but a means of exchange that temporary stores value and eliminates the double-coincidence of wants.

WRONG, an investment is anything that appreciates in value (or is expected to be).

What anybody chooses to invest his money in with the expectation of future profits is an investment.

I can invest in trash if I think it's worthy, you can't say "trash is not an investment", similarly, any currency, medium or commodity is an investment to those who believe it is.