2

I'd like to buy gold in small amounts (1 gm) when the prices are attractive, but I can't keep a watch on it. I'm buying gold as a long term investment / hedge, and I don't have plans to sell it. Liquidity is important, but ability to checkout gold can be optional. What's the best strategy for me to buy gold?

Are there any services where I can request auto-buy units (say, 0.1 gm steps) whenever the price goes down 1%, or so.

Improve this question
5
  • 1
    What country are you managing your investments in?
    – littleadv
    Commented Aug 5, 2013 at 7:00
  • @littleadv, Singapore. But, I hope there should be a solution irrespective of my country / citizenship.
    – vi.su.
    Commented Aug 5, 2013 at 7:42
  • 4
    Well, unfortunately I'm not familiar with Singaporean laws, but it is incorrect to assume that there's some "universal" solution. Each country with its own laws, and you need to check locally what your options are.
    – littleadv
    Commented Aug 5, 2013 at 9:07
  • 2
    The GLD ETF trades on the Singapore Stock Exchange, so that's one related option. You could set up periodic investments through your brokerage, although commissions might make this less profitable than it would be otherwise.
    – John Bensin
    Commented Aug 5, 2013 at 11:05
  • Are we talking physical?
    – von Mises
    Commented Sep 4, 2015 at 20:04

1 Answer 1

Reset to default
7

With gold at US$1300 or so, a gram is about $40.

For your purposes, you have the choice between the GLD ETF, which represents a bit less than 1/10oz gold equivalent per share, or the physical metal itself.

Either choice has a cost: the commission on the buy plus, eventually, the sale of the gold. There may be ongoing fees as well (fund fees, storage, etc.)

GLD trades like a stock and you can enter limit orders or any other type of order the broker accepts.

Improve this answer
3
  • In small amounts, yes we could buy physical gold easily... but how would we go about selling it?
    – Pacerier
    Commented Nov 27, 2013 at 15:21
  • 1
    Presumably, the seller will offer a price to buy it back. It's important to understand if you buy today at 100, what will the seller offer to buy it back from you or another customer at that moment.
    – JTP - Apologise to Monica ♦
    Commented Nov 27, 2013 at 17:16
  • I suggest ETF rather than physical gold. well it has its own pros and cons though.
    – kitokid
    Commented Aug 5, 2017 at 5:47

You must log in to answer this question.

Not the answer you're looking for? Browse other questions tagged .