Comments on: Invest in Gold Without Getting Scammed http://www.mint.com/blog/investing/investing-in-gold-without-getting-scammed/ The blog of the free, simple personal finance solution. Track all your spending automatically, find the best deals, save more money. And save the world. Sun, 12 Feb 2012 05:07:51 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Pancake http://www.mint.com/blog/investing/investing-in-gold-without-getting-scammed/comment-page-1/#comment-42251 Pancake Thu, 19 Nov 2009 17:40:04 +0000 http://www.mint.com/blog/?p=5425#comment-42251 I would never, ever buy gold unless it was a piece of jewelry that I desired. Horrible investment. I have a friend that is real big into silver as an investment though. Actual physical bars of silver. I also would never do that. I would never, ever buy gold unless it was a piece of jewelry that I desired. Horrible investment.

I have a friend that is real big into silver as an investment though. Actual physical bars of silver. I also would never do that.

]]> By: Goldbusiness (George) http://www.mint.com/blog/investing/investing-in-gold-without-getting-scammed/comment-page-1/#comment-37996 Goldbusiness (George) Sat, 26 Sep 2009 09:34:29 +0000 http://www.mint.com/blog/?p=5425#comment-37996 Also look into http://www.invest.gold.org/ to study up on the subject of investing into gold before investing with anyone. Also look into http://www.invest.gold.org/ to study up on the subject of investing into gold before investing with anyone. ]]> By: Alex Fernandes http://www.mint.com/blog/investing/investing-in-gold-without-getting-scammed/comment-page-1/#comment-36759 Alex Fernandes Fri, 11 Sep 2009 07:18:38 +0000 http://www.mint.com/blog/?p=5425#comment-36759 Great post, it will surely help me and other people who want to invest in gold and searching for such detailed information. Great post, it will surely help me and other people who want to invest in gold and searching for such detailed information. ]]> By: Doug Digger Eberhardt http://www.mint.com/blog/investing/investing-in-gold-without-getting-scammed/comment-page-1/#comment-36539 Doug Digger Eberhardt Fri, 04 Sep 2009 02:03:37 +0000 http://www.mint.com/blog/?p=5425#comment-36539 Drew, I address this issue of "when to sell" in my book, "Buy Gold Safely" as well as how to sell gold tax free. I don't sell gold, just write about it. The book can be had through my sales page: http://safelybuygold.com Yes, it's expensive, but I spent 20 years as a financial advisor and left the business to expose the ignorance of it when it comes to gold (and other issues). Check out my blog where I challenge financial advisors on the need to diversify portfolios with gold. Drew, I address this issue of “when to sell” in my book, “Buy Gold Safely” as well as how to sell gold tax free.

I don’t sell gold, just write about it.

The book can be had through my sales page: http://safelybuygold.com

Yes, it’s expensive, but I spent 20 years as a financial advisor and left the business to expose the ignorance of it when it comes to gold (and other issues). Check out my blog where I challenge financial advisors on the need to diversify portfolios with gold.

]]> By: Jason http://www.mint.com/blog/investing/investing-in-gold-without-getting-scammed/comment-page-1/#comment-36293 Jason Wed, 02 Sep 2009 15:35:13 +0000 http://www.mint.com/blog/?p=5425#comment-36293 Nice article. I think many people would like to invest in gold, but may do not know how to, or how to safely. Can you still buy gold bars and actually take them home with you? Nice article. I think many people would like to invest in gold, but may do not know how to, or how to safely.

Can you still buy gold bars and actually take them home with you?

]]> By: Reggie http://www.mint.com/blog/investing/investing-in-gold-without-getting-scammed/comment-page-1/#comment-36257 Reggie Tue, 01 Sep 2009 19:21:40 +0000 http://www.mint.com/blog/?p=5425#comment-36257 Or if you'd rather get your hands on the actual physical metal, I've had excellent experiences buying coins, rounds & bars from this outfit: http://www.wexfordcoin.com/ Or if you’d rather get your hands on the actual physical metal, I’ve had excellent experiences buying coins, rounds & bars from this outfit:

http://www.wexfordcoin.com/

]]> By: Drew http://www.mint.com/blog/investing/investing-in-gold-without-getting-scammed/comment-page-1/#comment-36255 Drew Tue, 01 Sep 2009 18:52:21 +0000 http://www.mint.com/blog/?p=5425#comment-36255 Funny but doesn't this sound just like every gold investing commercial or ad you've ever seen: "...the problem starts when they overstate their ability to predict where the prices of precious metals will go and how little the customer is at risk of losing"? How is this type of predatory marketing still allowed by the SEC/FCC. My grandfather (whom I will readily admit made a stupid mistake) lost a boatload on one of these companies he read about in a magazine. Simply pathetic this still goes on. Funny but doesn’t this sound just like every gold investing commercial or ad you’ve ever seen: “…the problem starts when they overstate their ability to predict where the prices of precious metals will go and how little the customer is at risk of losing”? How is this type of predatory marketing still allowed by the SEC/FCC.

My grandfather (whom I will readily admit made a stupid mistake) lost a boatload on one of these companies he read about in a magazine. Simply pathetic this still goes on.

]]> By: David@DINKS Finance http://www.mint.com/blog/investing/investing-in-gold-without-getting-scammed/comment-page-1/#comment-36246 David@DINKS Finance Tue, 01 Sep 2009 13:52:27 +0000 http://www.mint.com/blog/?p=5425#comment-36246 "Also, a big giveaway is the storage location of the metal. If the company refuses to clearly state where the metal is stored or gives you a runaround when you ask about it, there might be a problem. If the company you want to buy from does not say you are buying on “margin” or that you will have to send them additional funds if the price drops, start looking elsewhere." I would HIGHLY HIGHLY HIGHLY recommend the PERTH mint in Australia - http://www.perthmint.com.au/ - there is virtually no risk of your gold being confiscated by the government (since they have insured all gold stored here). There is a one-time fee when you deposit and they will hold it as long as you want. You can "visit" your gold by flying out to Australia and actually going to the vault with your gold. They are highly recommended by long-time gold buyers such as Euro Pacific Capital http://www.europac.net There are so many places to buy gold (or sell it) that you can easily get frustrated trying to find a reputable dealer (I know I did). That is why I mention Perth Mint, because it is the one place I looked at that I had total assurance. Anybody else find dealers they thought were legit? “Also, a big giveaway is the storage location of the metal. If the company refuses to clearly state where the metal is stored or gives you a runaround when you ask about it, there might be a problem. If the company you want to buy from does not say you are buying on “margin” or that you will have to send them additional funds if the price drops, start looking elsewhere.”

I would HIGHLY HIGHLY HIGHLY recommend the PERTH mint in Australia – http://www.perthmint.com.au/ – there is virtually no risk of your gold being confiscated by the government (since they have insured all gold stored here). There is a one-time fee when you deposit and they will hold it as long as you want. You can “visit” your gold by flying out to Australia and actually going to the vault with your gold. They are highly recommended by long-time gold buyers such as Euro Pacific Capital http://www.europac.net

There are so many places to buy gold (or sell it) that you can easily get frustrated trying to find a reputable dealer (I know I did). That is why I mention Perth Mint, because it is the one place I looked at that I had total assurance.

Anybody else find dealers they thought were legit?

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