Question by invest: Questions on buying Gold
I have following questions about buying gold. Please clarify my doubts.

1. Is 10 oz Pamp Susse gold bar reliable? In other words, how good Pamp Susse gold bar is?

2. Is 24 karat gold coin good or 22 karat gold coin? For example, US eagle gold coin seems to 22 karat where as Canadian maple leaf and chinese panda coins seem to be 24 karat.

3. Is buying gold online safe? If yes, please list web pages of some RELIABLE online gold dealers.

Best answer:

Answer by KYOO
If you just want to invest in the price of gold then use the stock symbol GLD. It is a gold ETF that takes care of liquidity issues and storage and high bid to ask spread of your local coin dealer.

I would not be buying gold at this point, but that's just my 2 cents.

Give your answer to this question below!
3 (10 oz.) PAMP SUISSE 24K GOLD BARS - FINE BULLION

US $40,300.00
End Date: Tuesday Sep-14-2010 15:41:05 PDT
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(10)1 OUNCE PAMP SUISSE GOLD 999.9 BARS 10 OZ GOLD
US $13,899.00
End Date: Tuesday Sep-14-2010 16:39:33 PDT
Buy It Now for only: US $13,899.00
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10 x 1 oz PAMP SUISSE bar GOLD coin bullion 999.9 24K
US $15,000.00
End Date: Monday Sep-20-2010 6:05:12 PDT
Buy It Now for only: US $15,000.00
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Related Pamp Suisse Gold Bullion Bars of interest:

  1. Where can I find gold bullion Bars bulk for good price? prefer 100 one gram bars?
  2. A bar of gold measures 4.5cm by 6.5cm by 1.6dm. Calculate the mass of the gold bar in kilograms. ?
  3. Do gold bullion bars have to stay in there package to keep there value?
  4. GOLD!!! How much would?
  5. Pamp Suisse Gold Bar?

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2 Responses to “Questions on buying Gold”
  1. exactduke says:

    1) Never heard of pamp susse, so can’t help you there.
    2) I buy S African Kruggerands, which I believe are 24 karat. But gold is gold. You may pay more of a premium for the canadian maple leafs. But I would have no problem buying u.s. eagles.
    3) You could look at buying from kitco online. But for myself, I buy from a reputable coin dealer (near me). You can do down there, talk to the dealer, handle the coins, etc.

  2. Computer Guy says:

    1) Everybody and their brother sells Pamp Suisse gold bars, or at least, gold bars they say are Pamp Suisse. Only buy from sellers you trust. Note: One way to detect crooks is if they are selling under “spot” prices. If it’s to good to be true, it’s probably not.

    2) Coins in general are good because they are labeled with respect to weight and purity, and are generally trustworthy. There is nothing wrong with 22K gold coins, I believe US Eagles are overweight to compensate. One advantage of gold coins is that you can buy them locally from coin dealers. Stick to “bullion” coins, you don’t want to spend more for a “rare” gold coin.

    3) I like Kitco, they are well known and have been around a long time. Check them out:

    http://www.kitco.com

    Grandpa

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