1. Home >
2. All Categories >
3. Business & Finance >
4. Investing >
5. Resolved Question

ZZ

Member since:

February 21, 2009

Total points:

755 (Level 2)

• Add to My Contacts
• Block User

Resolved Question

Show me another »

How does one go about buying gold and silver?

-Where do you buy gold and silver and other metals (for investment)?
-What is the process?

• 11 months ago

Report Abuse

by mrcoins....

Member since:

August 13, 2008

Total points:

2811 (Level 4)

• Add to My Contacts
• Block User

Best Answer - Chosen by Asker

If you have not done it before, Go to a reputable bullion dealer. Buy actual gold, the dealers will probably store it for you if you do not want to take actual possession. Buying derivatives, futures and even certificates (IOU's in old fashioned terms) is risky if the company you are dealing with ceases trading.
the process is simple. Pay Cash , buy Gold. I do not know any bullion dealers that give credit.
For Silver, just replace the word instead of gold in the above answer.
A good place to start would be www.kitco.com

Source(s):

Been there done that. 20+ years

• 11 months ago

• 0 Rating: Good Answer
• 0 Rating: Bad Answer
• Report Abuse

Asker's Rating:

Asker's Comment:

Thanks!

• Action Bar:
• 0 stars - mark this as Interesting!
• Email
• Comment (0)
• Save
  • Save to Yahoo! Bookmarks
  • Add to My Yahoo!
  • Add to Del.icio.us
  • RSS

There are currently no comments for this question.

* You must be logged into Answers to add comments. Sign in or Register.

Other Answers (3)

Show: All Answers Oldest to Newest Newest to Oldest Rated Highest to Lowest

• by Pholosof...

  Member since:

  March 15, 2009

  Total points:

  578 (Level 2)

  • Add to My Contacts
  • Block User

  most of the time you are buying a certificate of ownership when you are investing. Most people don't have the metals physically shipped to them. There are too many places to list do a google and you will have tons of options. Don't forget to do your research.

  • 11 months ago

  • 0 Rating: Good Answer
  • 0 Rating: Bad Answer
  • Report Abuse
• by vincent s

  Member since:

  April 01, 2007

  Total points:

  2459 (Level 3)

  • Add to My Contacts
  • Block User

  Read everything you can on kitco forums
  
  bulliondirect.com best source i found
  
  compare local coin dealer with bulliondirect

  • 11 months ago

  • 0 Rating: Good Answer
  • 0 Rating: Bad Answer
  • Report Abuse
• by cmcvii

  Member since:

  January 31, 2009

  Total points:

  9681 (Level 5)

  • Add to My Contacts
  • Block User

  A coin shop or store usually buys gold and silver coins. I would stick to investing in these to begin with.

  • 11 months ago

  • 1 Rating: Good Answer
  • 0 Rating: Bad Answer
  • Report Abuse

Open Questions in Investing

• Please where can I safely invest $10,000 and earn something substantial on monthly basis?
• Buying and selling on the Stock market?
• What do you think is necessary to improve the housing market?
• Why last one year indian share perform better than china share?

Resolved Questions in Investing

• Best Way To Invest Money For One Year?
• How much money have you made in stocks?
• Small Cap / Penny Stocks Help!?
• Buying a $50 paper EE bonds is guaranteed to double in 20 years + interest, but?

Answers International

• Argentina
• Australia
• Brazil
• Canada
• China
• France
• Germany
• Hong Kong
• India
• Indonesia
• Italy
• Japan
• Malaysia
• Mexico
• New Zealand
• Philippines
• Quebec
• Singapore
• South Korea
• Spain
• Taiwan
• Thailand
• United Kingdom
• United States
• Vietnam
• en Español

Yahoo! does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Click here for the Full Disclaimer.

Help us improve Yahoo! Answers. Send Feedback

Copyright © 2010 Yahoo! Inc. All Rights Reserved.

• Copyright/IP Policy -
• Privacy Policy -
• About Our Ads -
• Terms of Service -
• Community Guidelines
• - Safety Tips