Gold price Forecast

[ahmed]

Buy physical gold bullion. Check your local VAT laws to see if there are any penalties. For example, 22 karat may have penalties that don't apply to 24 karat gold. Every country is different. Try to buy anonymously with cash at a local coin shop. If that's not possible, buy from a reputable online dealer. If you live in the US, Tulving.com usually has the best deals and the fastest shipping. They're by far my favorite. If you can afford the minimum order, go for it. (But keep in mind that Hannes is very curt in his communication. Don't take it personally.) APMEX.com and bulliondirect.com are good, too.

I suggest sticking to common gold bullion like Krugerrands, Eagles, Maples, Kangeroos/Nuggets, British Sovereigns, or any of the gold bars by Engelhard, Johnson Matthey, Heraeus, PAMP, or CreditSuisse.

You can never go wrong with pre-33 US gold. If the price is right, buy it!

Don't get conned into paying for dubious numismatic coins or a fancy display case. Get the most gold for your money.

Don't buy tael or bhat gold unless you are familiar with the seller. Many Asian countries prohibit the export of high karat bullion.

Don't mention to anyone that you have gold. Keep it safe. Loose lips sink ships. Remember that!

If you want allocated gold that's held in your name, I recommend goldmoney.com. I have an account with them and have been VERY pleased so far.

Welcome to Anglo Far East Bullion is excellent, too. That's where the big boys keep their gold.

I've never dealt with e-dinar or bullionvault, so I can't vouch for them. Although for what it's worth, I've never heard anything bad about them, either.

If you have greater risk tolerance and don't mind unallocated gold, you can always open a pool account at kitco.com or invest in an ETF. Personally, I don't like the ETFs, but some people do.

Mining stocks are a can of worms I'll save for another time.

Don't let the ups and downs of the spot price panic you. Gold actually isn't that volatile, but it just appears that way because everything else is volatile relative to gold. Gold has seen year on year gains and outperformed the stock market for 7 straight years.

And as always, do your research!

[millionarepopcorn]

Yes, gold moves a bit higher, i'm telling u the metals market sacres me.
it'll reach 650usd in few months but he's gonna give some ppl heartattacks on the way there...

[boscodcosta]

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[Probafix]

Gold prices remain flat at 19,140 in thin trade.

[audreyH]

Gold strikes all-time high at 1,300, and is expected to rise to 1,539 by the end of the year. What are your thoughts? Will investors keep pouring money into the metal as the dollar weakens?

[mkForex]

Great discussion! Don't forget you can follow gold with live quotes and advanced charts here:
Gold | Gold Price | Gold Futures Rates

[White Lily]

definitely one of the best tools on this site.

audrey, I think we can expect gold to reach new highs. But the cycle is inevitable - it will come back down soon enough.