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Home >> Stock Forums >> Where to go to invest in gold and oil?

Where to go to invest in gold and oil?

rmani said: "How does a regular investor go about trying to invest in gold and oil? Thanks"

Kloewer said: "The easiest way is through ETFs like GLD and USO. I bank with Everbank, and they have a precious metals program. They require a $5,000 minimum purchase, and give you the option to either pay them to store the gold, or they'll send it to you so you can hide it under your mattress. You may check with your bank to see if they have a similar program, or look into opening an account with Everbank. To actually buy oil would require you to get into the futures market, which probably isn't a good idea for a "regular investor.""

rmani said: "thanks man i'll research those etfs."

SystemTrading said: "ETF's are definately the way to get started. If you are trading serious money it can be advantageous to use futures, as they have beneficial tax treatment and allow more leverage (which can help or hurt you)."

Roger said: "I also recommend ETFs. Pure futures are too risky for a small investor. Besides that you need to deposit a margin which is often a lot for small investors. You have funds which exactly track the gold or oil. Another advantage is that the price is often smaller, which is better for small investors. You have for example funds that track the price of gold per ounce divided by 10. In such a case you can for example buy the gold for 90 when the price is 900 dollar per ounce. I recommend to check how exactly the ETF tracks the underlying. It is possible that there are some deviance from the current spot price of the underlying."