Quote:
Originally posted by Penn E. Less
I think we're going to test support of $370 for a while or at least until the next Iraq meeting where Blix reports. There's the Iraq issue and the Korean issue at stake here. If you're going to speculate on gold then I might suggest looking at gold stocks instead of holding bullion. If you do choose to hold bullion then you may wish to consider ebay. Dealers will hit you up for a percentage over spot and you might be able to get bullion at spot on ebay. If you're going to buy bullion I'd recommend Krugerrands. You get the same ounce of gold that you'd get in an American eagle or Canadian Maple without the higher premiums. Gold is gold. An ounce of gold is an ounce of gold.
With that said, Good luck and remember one thing....Gold has been used as a currency for thousands of years whereas every fiat (money) system has crumbled after a period of time. It's recommended to have at least 5% of your assets in precious metals (silver, gold and platinum).
Good resources
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http://www.Kitco.com
http://www.gold-eagle.com
Regards,
Penn E. Less
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Thanks to all..............So are Krugerands more exp?
I was considering buying 10oz bars...........
More input is appreciated.