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Best ways to buy gold?

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Kakugo Posted: Thu, Dec 6 2007 3:25 AM

I have already searched the Internet on the matter but it's always good to hear other opinions.

Since the ECB (European Central Bank) is about to yeld to pleas from Italy and Spain to lower rates and since this would send inflation skyrocketing (it has "just" been soaring for the past five years) I've decided that it would be wise to buy a little more gold as an extra insurance against politics.

What's the best way? There are plenty of options available: buy them directly, buy as part of a group, invest through the bank etc.

What's the best coin? I was thinking about Krugerrands because their value seem to be the most consistent but I am very open to suggestions.

Thanks.

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sedlund replied on Thu, Dec 6 2007 4:09 PM

I was looking at eBay myself.  There are merchants that offer 'starter packs' of say 10 Double Eagles.   

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Kent C replied on Thu, Dec 6 2007 4:14 PM

Like to find an answer to that for people buying in Canada.  I have a bunch of Gold Maple Leafs, partly because they offer the highest purity and because here, you don't get taxed if you purchase them (over bullion or others). 

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Kakugo replied on Sun, Dec 9 2007 3:35 AM

Thanks for the replies. I've seen somebody else posted a similar discussion recently and perhaps it's better to merge the topics.

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livefree replied on Sun, Dec 9 2007 10:00 AM

Canadian maple leafs seem to have the best resale value.

A friend recently had to sell a couple oz of his "stash".

Got more $ than expected for the maple leafs and more yet for the .9999 than for the .999's

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