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Gold attracts various forms of fraudulent activity. Some of the most common are: Cash for gold – With the rise in the value of gold due to the financial crisis of 2007–2010, there has been a surge in companies that will buy personal gold in exchange for cash, or sell investments in gold bullion and coins.
Finally, buying gold today allows you to start benefitting from that investment. As Weiner puts it, "The sooner you buy gold, the sooner you can put it to work."
If a 1-ounce gold bar is too pricey at about $2,000, you can buy gold coins or gold jewelry. Just be sure that you know the actual gold content of what you are buying, and buy from a reputable dealer.
Gold has long held a fascination for investors, whether it was a 19th century prospector panning for nuggets or a modern-day financial whiz scanning the computer for buying opportunities.
"If you buy gold around $2,700 per ounce today, you are buying gold at the absolute top of the market. Buying anything at the top of the market just never sits right with me," Boston says.
Plus, we’ll talk about the best way to buy gold. 3 reasons why Costco’s gold is a bad investment. Costco is selling gold ingots – two types actually – priced at $2,070 (as of mid-December
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