Lux Investing

how can i start investing in gold online?

Public Comments

1. I would not be buying gold. If you want to buy gold, which I think the trade is very crowded, I would look at the gold ETF (NYSE: "GLD"), or if you feel strongly about it buy from a commodities broker in your area and take delivery if you feel you need to hold the physical metal. Personally, I think gold will fall $200 in a year or two when this story is over. I could be wrong, but I bet I'll be close, unless some global disaster persists. Good Luck!
2. Make the application to Bank giving this facilities to trade in Gold, Oils,Commodities etc.(eg. ICICI BANK IN INDIA). Beware Gold rates are too much high .
3. There are various different ways to invest in gold. For example, you can buy bullion online (either to be delivered to you or held by the vendor) or you can invest in an unallocated pool of gold through a bank or dealer. You can also invest in derivatives, exchange traded funds, spread betting etc. Each of these has pros and cons and considerations before selecting one would include (a) do you want physical possession; (b) how much do you want to buy; (c) do you want to own identifiable pieces of gold or are you content to own a share of a larger pool of gold; (c) how afraid are you of expropriation; etc. I have purchased bullion from Kitco in the past for physical delivery and have found them to be reasonable priced and good supplier (although they wouldn't take mastercard). I think you can also buy gold that they will hold for you. If you are going to invest in gold that you do not possess you have to consider whether the holder will be assuming the role of bailee or debtor. If the former, you are the owner of a piece of gold and the holder is just acting as a storage facility (so if he goes bust - the gold is not recorded as his asset and it is not (in theory) at risk to his creditors), in contrast if you are investing in a pool and he is just a debtor and he goes bust, you may have no better claims against the assets of the company than any other creditors. Even where the holder is acting as bailee, you are still in danger of government expropriation, as happened to Liberty Dollar (from whom I have also purchased for physical possession and found to be good). In this case there were a bunch of people who had gold (and silver) certificates that were 100% tied to underlying commodities, but the FBI and secret service came by and stole it all (a bit like FDR did back in 33). Indeed, from 1933 to1974 gold "hoarding" (i.e., holding) was illegal. If the USD really tanks (which might be why people are suddenly interested in gold) how confident are you that the government won't do it again? If you are really paranoid, you might want to visit coin dealers in the real world and buy physical bullion with paper notes so that the fed doesn't know to come looking for you later. This might sound like a conspiracy theory, but it is not without precedent even in 'free' countries. Anyway, depending on your interests and desired level of risk, some contacts might include (not an endorsement of any): Kitco - kitco.com (bullion/certificates/etc) Onlygold - onlygold.com (bullion for physical delivery (min 10oz) e-gold - e-gold.com (gold backed electronic currency)
4. get a online trading account, and then a demat account and then buy gold bees.
5. Gold exchange traded funds are available on the National Stock Exchange. These can be traded similar to stocks on the NSE. So if u have an online stock trading option, then u can start trading or investing in these funds. Some popular funds are Gold Benchmark Exchange Traded Fund, UTI Gold Exchange Traded Fund, Kotak Gold Exchange Traded Fund and Reliance GETF
6. That indicates you are going to invest in commodity market. Please have a look of this site. This will guide you to do so. This person nicely answered all questions http://commodityequityblog.bravehost.com