On Thu, 27 Jun 2013 13:22:42 -0400, Wayne.B wrote:

On Thu, 27 Jun 2013 12:33:36 -0400, John H
wrote:

On Thu, 27 Jun 2013 11:52:32 -0400, Wayne.B wrote:

On Thu, 27 Jun 2013 11:42:47 -0400, wrote:

Gold is not a necessity

=======

Unless you want to protect yourself from hyperinflation. Governmental
money printing always ends badly sooner or later.

*If* I wanted to buy gold, and didn't continuously listen to Glen Beck like Harry, where would you
suggest the purchase be made?


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There are a lot of different ways although I would not recommend
bullion or coins - transaction costs are too high. In my opinion the
easiest, cheapest and safest way is via the SPDR Gold Shares ETF
(Exchange Traded Fund): GLD

http://finance.yahoo.com/q?s=GLD

If you want leverage vs the price of gold then gold mining stocks
offer an opportunity, either directly or via an ETF for greater
diversity.

AEM, GLDX, NEM, ABX, etc.

http://finance.yahoo.com/q?s=GLDX

In any case I would recommend no more than 10 to 20% of your portfolio
with the rest being in cash equivalents or high quality, low cost
index funds.


Thanks, Wayne.

John (Gun Nut) H.
--

Hope you're having a great day!