Friday, July 3, 2009

Gold bullion investing

Investing in gold bullion is a fantastic idea. The price of gold is set by its spot price. Most financial planners say that you should have at least 20% of your investment portfolio invested in gold. You can invest in physical bullion or you can request delivery of gold bars, coins, etc. You need to have a good place to store your gold bullion and make sure to protect it. The other way to buy gold is through an allocated account. This is safer than buying an ETF but both work. I think the price of gold will break $1000/oz in the next 6 months. I do not recommend buying physical bullion. Get your ownership on paper just stay away from gold equities and gold futures contracts. You do not want to gamble where gold is concerned. Both gold and silver are highly manipulated and poised for something big to happen. Warren Buffet said that he thinks we should get rid of the future market and this would help to stabilize the price of gold and sivler bullionmaking it an even better investment because it will be performing at the levels where it should be based on real supply and demand. It can be scary investing in something that is so heavily manipulated.