Thursday, May 08, 2008

Buying Gold

Recently our banks here have offered the possibility of investing in gold. Previously, people who wanted to invest in gold had no options of doing so unless they purchase gold coins to keep. However, selling that back was also difficult as there was no ready market to accept those gold coins and there may be some big commissions involved by the goldsmith shops. However, one bank has recently offered investors the opportunity to buy into gold via their gold accounts. That way they are given the full flexibility to purchase and sell these gold investments on paper through the same bank. I was quite keen when I read about it but would like to find out more before I consider investing in it. I think I should take some time off work soon to visit the bank to find out more.


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