Lux Investing
How to start investing in Gold? How does that works?
would we get the gold as bar or just like stocks? How to invest in India?
Public Comments
- If you bought a gold bar, yes you would get just that. You have to be careful you are not paying too much premium to the dealer. Have a look at http://www.shareworld.co.uk/index.php?page=buying-gold for other alternatives
- I dont really understand why people like the poster before that people that invest gold are buying actual gold bars. While yes there are people that do that. Thats not investing because to buy one gold bar right now for an oz would be somewhere around 912.00 per oz. Thats over 25k for a 2k bar. People that invest in gold do it by way of ticker trading. They buy the futures market and get paid per tick. Which if im not mistaken is somewhere around 40 bucks per tick. So if gold is at 912. you buy an futures contract at 912 when it hits 912.25 you get paid 40 bucks. if it goes to 911.75 you lose 40 bucks. It trades in miliseconds so you have to watch it closely if not you could go broke quick. Read up alot on futures trading and you will see. They have emini also for s and p 500 and russel and oil. the 40 bucks was just for example usage the payment i think is a little more. Also people will invest in gold mining companies but those shares are expensive and dont move to quickly.
- The best investment is to invest in FX Funds Group if you would like to make 2% - 15% per month. search for FX Funds Group or myfxfunds in google search engine for more information.
- You could invest in a gold mutual fund such as http://moneycentral.msn.com/detail/stock_quote?Symbol=GOLDX
- There are a lot of easier ways to get started investing in gold - such as gold coins or mining stocks or mutual funds. This site has a lot of information about getting started in gold investing.
