iPrik, you seem to know you stuff. I was wondering if now is a good time to get into gold, as everyone and their mother seems to be migrating there?
I have an ING savings account and have been quite happy with it, but have been considering cashing out and buying coins.
Gold is always a good investment if you keep your money in it long enough. I have some challenging opinions about peoples investment strategies regarding gold, because I believe there are better ways to invest. But those strategies require a lot of manipulation, and aren't for everyone. Which is okay, different strokes for different folks, and all that.
If you have a long-term savings thing going on, retirement or whatnot, gold is a better bet. Its a little high right now, but in the long run it always goes up, so catching the little dips doesn't matter much in a twenty or thirty year plan. Or even ten, for that matter.
I would go equal parts silver and gold.
ING has an online thing called Sharebuilder. It doesn't matter who you bank with, meaning its probably not a stroke of fortunate coincidence that you have an ING account. It makes it no simpler or harder whom you bank with. It takes a few days to open the Sharebuilder account, because they have to verify your account by depositing a few pennies into it, then you return to the account you've opened and verify the deposits. Everything is encrypted and all that. You enter your bank routing info, e-zip the money in, and voila, ready to buy e-gold.
The shit-hits-the-fan community has a valid argument about e-investment in metals. Thats your call if you prefer it in hand, buried in the yard.
But regardless, gold is GLD in the NYSE, as previously mentioned. Silver is SLV. Its not hard to do, its just a little foreign. Feel free to PM if you have any questions, should you decide to give it a try.
The Free Talk Live BBS
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Topic: e-gold - what are your experiences with it? (Read 3935 times)