Which are the best practices for investing in gold in Dubai, e-gold or physical gold?

Liked this question? Tell your friends about it

3 Answers

Order by
Oldest to Newest
Newest to Oldest
Votes

e-gold is at risk if the issuer of e-gold does not redeem it as promised.  Physical gold requires a safe deposit box to avoid risk of burglary in the home, but there is still a possibility that safe deposit boxes can be robbed.

Yes i agree with PGroot E-gold is risky in this time because e-gold investment is not profitable but physical gold is best investment scheme in this time because physical gold price increased day by day so if you investing in gold then you get good return.

Precious metals trading is a bit unusal in that you must take "hard delivery" of your metals, have them verified before purchase by a licensed assayer, and then secure them yourself.  That may not be as difficult as it sounds: bank safety deposit boxes are the ideal safeguard for bullion coins and investment-grade gems.

"E-trading" of course is reserved for licensed professionals in the US as the market could conceivably be diverted and abused.

Gold bullion coins that trade easily are Krugerandes, American Eagles, and Canadian Maple Leaves.  Other coins may be subject to question: Mexican and other coins are gold plated brass, passed off as investment grade trade coins like Eagles.  These coins are strictly to be avoided as no expert trader will ever accept them.

Magnetic test machines spot fakes instantly.  That is always to your benefit.  Never take investment coins or bullion coins without testing them.

Related Questions

Other people asked questions on similar topics, check out the answers they received:

Asked: Where is money-from-home-rialto.com?

where is money-from-home-rialto.com?

Asked: Investment linked insurance policy

is it advisable to invest in investment linked insurance policy?

Asked: Investing wisely with an investment club.

Investing wisely. "He who fails to invest fails to gain. He who who invests foolishly fails in all regards." There are lots of investments for the small investor, but the best investment you will ...

Ask a Question... We'll forward it to people who know