Things You'll Need:
- cash to buy gold now
- a safe place to keep your gold
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Step 1
Be aware of the trend in gold spot prices. If you know what the average price of gold is then you will not buy when the price is high. The value of an ounce of gold fluctuates all the time. Look at a long term chart to determine the current average value of an ounce of gold. Based on that make your own decision what price is a good investment.
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Step 2
Order bullion on-line. Once you have placed an order the cost of your gold will be locked in. This is a convenient way to buy it. Dealers buy and sell at a premium. Try to buy gold by the ounce. The markup is not so bad that way.
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Step 3
Buy gold coins at a coin shop. U.S. gold coins have less pure gold than bullion. But instead they have numismatic value. That means the value is based on the gold spot plus the coins value. Some coin shops also sell gold bullion.
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Step 4
Use your gold as an investment. Keep it until its value peaks vs. the dollar. A long term trend chart will tell you this. Do not sell because of a bad week or two. The plan should be to hold the gold for atleast few years. Inflation works over the coarse of several years not weeks.
