Basics of Investing

Archive for November, 2005

Question: Best place to buy gold coin?

What is the best place or bank to buy gold coin (i.e for investment purpose) ?

My intention is to buy gold coins, hold it for few months and then sell it for gain.

Please advise…

ICICI bank is good???

Answer: Gold is a very volatile commodity. It especially is this close to the announcement of the Fed rate cut. You should do some more research in the the patterns of the price of gold and why it goes up and down. You will probably have to go through an investment broker to invest in gold. Be careful though, because some coin manufacturing companies trick you into actually buying actual gold coins as a collectors item, which is a scam and they aren’t apart of actually investing in the gold commodity.

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