Gold and Silver have been making some news recently as they have been hitting record numbers not seen in 25 years. Adjusted for inflation, they have some way to go.

The problem is that I don't know how to invest in these commodities. My cash is in an emigrantdirect and ing savings accounts. I'd like to do more than their 4.5%.

I know there are companies that deal with gold and you can buy their stock, but based on some of results here http://www.gold-stocks.com/, not all of them seem to perform well. Plus investing in the companies bring in other variables. I guess i could go with some gold mutual funds, but I was hoping to go more aggressive. Is there away to get in on the gold itself?

 

Go to a coin store and buy Kruger Rands. Put them under your matress and hope that inflation goes crazy as it did in the 80's and the price zooms. Baring that all you will have is a lumpy matress.

If you must invest in metals (obviously I am not a great believer as there is too much bust or boom for my liking) you should look at some mutual funds. They can be aggressive. Just read all the background in the fund prospectus.

 

investing in precious metals? buy guns

 

There are lots of gold funds out there but let me ask this question, unless you are going to sell short, why do you want to get in on something that is really high right now? Most of the profit has been made by others at this point.


Unless you think it will keep skyrocketing, you will most likely lose by buying gold IMHO. Lots of investing is a sucker play. The uniformed investor traditionally buys in way too late on comodities and ends up losing all the money at the fall.

 

[QUOTE=vader1,Apr 17 2006, 08:00 AM]There are lots of gold funds out there but let me ask this question, unless you are going to sell short,

 

there's a stock forum...perhaps post your question there

 

Go to kitco.com, it's a great website for precious metals investment. I'm not sure about gold, but if you wanted to purchase silver, ask your broker for silver certificates. The reason I go for silver is it outperforms gold year after year from an investment perspective.

 

Platinum outperforms silver and gold.

 

Gold has outperformed many assets with its 46 percent gain in the past 12 months, including a jump of 20 percent in 2006. Spot silver has gained 57 percent this year. Read more at:

http://money.cnn.com/2006/04/18/markets/gold.reut/

 

platinum is $1,111 per ounce!