Lux Investing

How to start investing in gold ?

Public Comments

1. invest in a company Their stock symbol is GLD
2. well if you really wanted to invest in gold you could do a few things. you could trade futures contracts in gold if your an experienced trader you could also buy call contracts AKA options contracts. i would talk to a investment officer about other options if you wanted to know more about the two choices i gave you here a great website that will help you in your quest for investments. www.investopedia.com
3. The 1st responder has the right idea except GLD is not a company. It is an index fund. The price equals 1/10 oz of gold. You buy it like you would buy a stock through a brokerage firm. There is one thing you need to know. The IRS has a special tax rule regarding capital gains in GLD and other forms of bullion. The gains are subject to the 28% tax rule because they are treated as collectables. Just a way for the IRS to put the shaft to you. Another alternative is to invest in a gold mining stock such as ABX. Capital gains associated with that are treated to the normal capital gains rules.
4. Depending on your interest, you can invest directly in gold metal, or if you prefer leverage in gold futures. Otherwise, invest in companies with gold reserves or "gold shares", direct or through funds.
5. The most low-risk method of investing in gold is to invest in an ETF (index fund). These are basically mutual funds you can buy on the stock market, they are comprised of usually 20-100 of the top gold companies. I won't specifically advertise any since there are plenty out there and you can find them for yourself.