How Much Does Gold Cost Per Ounce?

Your questions are probably something like: "How much does gold cost?" and "What is the cost of gold per ounce?"

Now that the stock market and economy in general sucks, we all have the burning question: "how much does gold cost per ounce"? I wasn’t going to do this today but yesterday the market went down over 90 points and gold peaked at 1000 an ounce. What I would do is go and buy some gold and you can just go to your local coin shop to buy some gold. When gold and silver are doing well, what this tells me is that the economy is bad. Banks are not lending money quite as easily. Duh, right? We all knew this.. So invest in gold! It is as secure as you can get right now.

Buying gold isn't just for the rich!!! In fact, a good portion of the people who own gold aren't considered rich by most peoples' standards.

The Cost of Gold

So... how much money do I need to buy gold? What is the price of gold? Currently gold is at $1000 an ounce high so don’t let the price of gold scare you from buying it because it will be worth a lot more later on. The cost of gold is nothing considering the potential return! Silver is good but the only problem is that it doesn’t back the US currency but it backs Euros. I am an American so I guess the choice is clear for me on which one to buy.

All the possibilities: gold coins, gold bullion, gold stocks... you name it... will be a good long term investment. Go out and buy gold! How to buy gold in the USA is easy! You can even buy gold online! And you never have to touch or store the gold yourself if you don't want to. Read my post about how to buy gold if you want to know what I'm talking about.

This is the best investment advice you will get nowadays. It really is a good idea to take my advice and go buy gold - for your own well being! Seriously! Go! ;)

How to Buy Gold

Hi I am Janet! This is a very short introduction about how to buy gold also known as investing in gold. Essentially there’s 3 ways to buy gold in the USA. First, you can buy physical gold.. gold bullions..gold bars..gold coins, etc. Second, you can buy gold stocks. Third, you can buy gold and gold bullion is to have a third party store it for you but you don’t actually have the physical gold. You can also buy gold online, but be careful who you trust. I will go through each method in more detail below.

When you buy physical gold (and silver, even) there’s several things you should be aware of. When you buy physical gold that means you have it in your possession which means you would need to find a safe place to store them. If you store gold in your home it may not be safe, so this may not be the best solution. The solution to this is maybe to obtain a deposit box at a reputable bank but this will cost you monthly fees. If you can find that safe space to store your gold investment with minimum cost to you this might be the way to go, but keep in mind if you possess physical gold it may not be as easy to sell.

When you buy gold stocks as your investment vehicle, you won’t have to worry about storage. The concern with gold stocks is very tricky, since the value of your gold depends on the market and this could be risky in a sense that you don’t know which way the stock is going to go. The upside to own gold stock is if the stock is up it’s very easy to sell. If you are a risk taker buying gold stock may be for you, but just keep in mind not to get attach to your investment because it may not be worth nearly as much as when you first invested.

When purchasing gold through a reputable company and have third party provide storage for you, what this means is that you actually purchase the gold but you won’t see the physical gold. This is somewhat similar to the first option to buy gold but different in a way that you will never see the gold because third party is storing the gold for you. The advantage of this option is that you don’t have to worry about looking after the gold you buy, you have a third party storing it for you and if your gold is loss somehow it will be covered under their insurance. Also, when you purchase gold through this method you will eventually develop a more personal relationship with the company you bought the gold from since you have a individual account with them. Through this method of purchasing also makes it more convenient if you want to buy more gold since you’ve already have an account. This method of purchasing gold is more for people who never want to see the gold and sees this transaction as more of a investment vehicle to make more money.

It really all comes down to the reason why you are buying the gold. If you are buying gold to look at and to marvel its beauty then perhaps buying the physical gold is for you. If you are a investor and want to make money from purchasing gold then maybe buying stocks or buying physical gold for a third party storage is for you. The difference between the above 2 methods is that one has more hedge over the other and I am sure you can figure out which one it is…if not you have to start using your noodles. Think about how to buy gold?