|
|
Subject:
Best way to invest in gold and other precious metals online?
Category: Business and Money > Finance Asked by: mindway-ga List Price: $5.00 |
Posted:
19 Jun 2002 11:53 PDT
Expires: 19 Jul 2002 11:53 PDT Question ID: 29294 |
Hi, what's the best way to invest in gold and other precious metals online? In other words, I think the price of gold is going to go up but I don't want to buy gold bullion, I want to invest in a vehicle that moves the same way gold moves. Maybe there's a gold index or something like that I can invest in through E*Trade--I just don't know where to look. If there is such a vehicle for gold, are there similar things for platinum, silver, etc? I'd prefer something that acts just the way gold does, so if gold goes up 5% for the day, I'd like this vehicle to go up about that amount. I'd rather not invest in gold mining companies because then you've got other factors to consider other than the simple price of gold. However, if there is no gold investment vehicle, then some recommendations of gold-related companies that might move the same way gold moves would be nice. Thanks! |
|
Subject:
Re: Best way to invest in gold and other precious metals online?
Answered By: eiffel-ga on 20 Jun 2002 02:44 PDT Rated: |
Hi mindway, A straightforward online investment that directly tracks the value of gold and other precious metals is offered by e-gold: https://www.e-gold.com/ e-gold is an electronic currency denominated in grams of gold, silver, platinum or palladium. You do not directly hold bullion, but physical metal is held under trust to cover the aggregate value of all e-gold accounts. The process is described here: https://www.e-gold.com/unsecure/qanda.html Exchange agents ("market makers") purchase e-gold in bulk and make it available to individual account-holders. There are about twenty exchange agents in various countries: https://www.e-gold.com/unsecure/links.htm Rates vary, but a representative example is Gold Changer http://www.goldchanger.com/ Gold Changer charges a six percent fee when you purchase e-gold with a US dollar money order and a one dollar (US) fee when you redeem e-gold for a US dollar money order. You can hold an e-gold balance in gold, silver, platinum and palladium. You can transfer e-gold to other account-holders. The charge for online transfers is 1% of the transaction value, with a 50 cent (US) maximum. There is no charge to open an e-gold account, but there is a 1% per annum charge which relates to the cost of storing and insuring the physical metal. Google searches used: gold platinum silver account ://www.google.com/search?q=gold+platinum+silver+account "investing in gold" ://www.google.com/search?q=%22investing+in+gold%22 Good luck with your investments! Regards, eiffel-ga |
mindway-ga
rated this answer:
Great! Thanks! |
|
There are no comments at this time. |
If you feel that you have found inappropriate content, please let us know by emailing us at answers-support@google.com with the question ID listed above. Thank you. |
Search Google Answers for |
Google Home - Answers FAQ - Terms of Service - Privacy Policy |