Lux Investing

how would i go about saving and investing my assets in gold?

step by step directions please!

Public Comments

  1. Have you tried the Gold kit? www.goldkit.com
  2. Two choices. You can buy gold bullion and coins, which are official currency, or you can buy 22K jewelry. Bullion and coins are easier to sell but the government has the right to confiscate all bullion in times of "emergency." The US govt did this in the 40s and basically ripped people off by devaluing the gold and buying it at a low price from the people and then raising the price afterwards. To avoid this, you can go to an Indian jeweler (as in, from India) and buy jewelry with 22K gold. You can also ask them for bangles that are exactly 1 oz of gold. In many countries around the world you can use these 1 oz bangles as currency. But because it's Jewelry, the government can't legally confiscate it. Another option: invest in World Precious Minerals Funds. It's like a savings account but the amount goes up with the price of gold and other precious minerals. I got my IRA accounts for my kids and basically the dollar amount has doubled every year. Too bad I've just been putting in $30 at a time.
  3. 1. Get money ready, in a bank or in cash. The more the better. 2. Find what you want, gold bullion, gold bars, American Gold Eagles, Swiss francs...etc. They vary by quality, investment return...etc. 3. Shop for the best, bargain and save. You can buy on eBay, or a local coin shop, do a little research if you're buying online as few companies are trustworthy.
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