What is the best place to buy gold online?

[AgenakPl]

Some people have been PMing me about where I buy gold from. To help all of you out there let me just go over two companies I deal with. Of course you can always buy gold through a Futures Contract but if you don't have the required margin or don't know what you are doing these are some alternatives.


www.monex.com (http://www.monex.com)

I've been working with them for a few years now and they are a pleasure to do business with. They are a leader in delivering gold bullion, coins, and other precious metals for you to keep at home. Keep in mind that they have a minimum purchase for coins and bullion so you will need to shell out around $1000 or more to get some of their gold. It's important to note that they will buy it back from you as well and you also have the option of buying from them with leverage.

[AgrikGex]

The second company I like is Bullion Vault. I've been working with them for a few years as well. Easy to do business with but this company differs from monex in the sense that they will store the gold for you in any of the 3 vaults of your choice: New York, London, or Zurich. There is no minimum purchase and they even offer you a free gram of gold just for opening an account. You can buy or sell gold in any amount and if you wish you can take physical possession of your gold.

Buy Gold Online at Spot price from BullionVault.com (http://www.bullionvault.com/#SaM5246)

Personally, I have around 10% of my money in gold. I'm looking to go toward 15%-20% by the end of the year. If you are looking to buy open an account wait for slight pull back in the price of gold and then buy. The way they are printing money I really think that the dollar will collapse and that gold will hit $2000/oz. It's at around $800 now.

[ahiayosakqeq]

how does that compare to http://finance.yahoo.com/q?s=GLD ?

[aixuzayimau]

Well that is just "paper", that's GLD an ETF tracking the price of Gold. It does not allow you to take physical possession of your gold. Plus there are broker fees of $5-$10 per trade to buy it but it's instant.

Comparatively, Monex will take a few days to make the gold transaction from when you speak to them and until it gets to your house. Bullion Vault lets you buy instantly and you can also take physical possession of your gold if you wish but they store it for you. I recommend that you have some in a vault and also take some coins in physical possession.

[admin]

I posted a topic but it isn't appearing on the forum. So I'll just ask in here. Would you recommend buying gold bullion coins from www.Monex.com (http://www.Monex.com) or http://www.bulliondirect.com/catalog/selectProducts.do?cat=Bullion_Gold&category=3 or http://www.onlygold.com/Coins/2011AustralianRabbitFS.asp

Because I'm a first time buyer and want to buy bullion coins so I can have something to barter with in time of crisis.