How to invest in gold in USA? Where to buy? Which Quality gold? Is it legal to buy and store gold? Please share your experiences. I remember NAS had mentioned about investing in gold in today's economy, but I couldnt find that thread.

How about buying that gold now ? Does anyone think its gonna break 1180-1200 key support levels on the downside?

I bought 5 bullions when I was in NYC from a nepalese jewelry store in queens. I paid cash to avoid tax at that time. I paid 1700 for each of them and I checked it online today its 1231 right now. I am not in NY anymore so is there any way I can buy them from online website, I don't know which one to trust and how much do they charge for shipping and tax?

If you really wanna buy, you can use apmex.com or Tulving.com or similar sites but you may wanna read this article before buying, if you believe in Roubini. If you portfolio has already more than 10% of precious metal, then don't add anymore. my 0.02 http://www.indexuniverse.com/sections/features/19428-roubini-sees-1000-gold-us-growth.html?fullart=1&start=3

Thanks for the link and the website, I was checking apmex.com and found out they were selling different types of gold what is the difference between this one http://www.apmex.com/product/39598/1-oz-gold-buffalo-random-year and this one http://www.apmex.com/product/11951/1-oz-pamp-suisse-gold-bar-9999-fine-in-assay...I bought the previous one before... and how do you make payments? do you use credit card or wire? looks like using wire is cheaper but I have never used wire transfers in my life before.

Don't buy coins. They cost more since they are more expensive to make. Buy bars. Pamp Suisse and Credit Suisse are the more expensive brands. They cost more than a regular Apmex bar. The reason being they are easier to sell. Anyways 24K gold is 24K gold no matter the brand. Wire transfer is quick but ya bank will charge ya a wire transfer fee. Check with ya bank. It's easy. Apmex will send ya their bank wire transfer info. You walk into ya bank or ya can also do wire xfers thesedays online using ya bank website after ya login.

Has anyone purchased through apmex.com, what does it mean by bid price and ask price.  I wanted to purchase about 5 of them but the price is different from bidding price and also I am thinking about mailing them personal check. I would love to hear someone's experience and suggestions. Thanks in advance.

Honestly, I have not bought from their website but a friend of mine had suggested me so I forwarded to you. As Harkey said, no need to worry about wire transfer. They are reliable company and have been in business for long time. If you have any questions regarding bid and ask you can just call customer service and I am sure they will explain. Good luck. I guess I will wait for a while to place an order until it goes down to $1100 or so:)

You sure it's gonna drop down to 1100? Can anyone bid in that website?

Why buy gold when you can buy a gold producing company's stock for so cheap. Take a look at IAG- Currently sells for 3.2. Book value is 9.75. Its like buying a Ford Mustang car that is worth 6000 dollars according to KBB.COM for only 2000 dollars from someone through craigslist or something. 

Looser, Of course I am not sure, if I were so expert to be sure, I would have already become Millionaire by now :) I was just telling based on some of the research reports and media which are saying that it could go around $1000 in 2014 but I am not going to wait until then. Beautifool, ASIC/OZ of IAG is very high, >$1200, AUY seems better in this kind of volatile environment when the price can go 20% further down next year. AUY is a low cost miner and its ASIC/Oz is <800 do you agree? I was also thinking about AU, EGO etc but not sure which one is better. Probably I should just buy GDX which is a basket of true miners which way I can mitigate the risk. Other friends and experts, please advise if you have any idea.

I bought these IAG shares for the purpose of Tax selling and January effect. I've read many times about stocks being sold in the month of December for tax purposes. This stock fit the criteria with it going though 52 week low and book value is much more than what the market is pricing. I hope this is one of the stocks that will make the assumption right about tax selling. And I plan to sell it in January or Feb. It if continues to go down, I'll add few more. Here's something that helped me to be really encouraged. And only bought 300 instead of 3000. Pretty close for "key dates" to expire. 

However on a positive note, Credit Suisse adds that once this downward pressure subsides, these stocks are likely to experience a price reversal. Year-to-date, the S&P/TSX 60 Index is up 7.8%, followed closely by the S&P/TSX Composite Index, which has increased 7.4%. Led by financials, non-resource cyclicals (i.e., financials (ex-REITs), industrials, consumer discretionary and technology) exhibited strong market leadership and the dividend yield arbitrage with defensives (i.e., pipelines, utilities, telecoms and REITs) has paid off handsomely this year.

Meantime, resource focused sub-indices posted double digit losses this year - S&P/TSX Global Gold and S&P/TSX Capped Materials. Conversely, the S&P/TSX Venture Index posted a significant 23.4% decline. Year-to-date, the S&P/TSX Composite Index is weighted heavily towards winners, with 131 gainers, 105 decliners and one unchanged. At this time last year, the winners also outnumbered the losers, with 145 gainers, 103 decliners, and one unchanged. The larger-cap S&P/TSX 60 Index is also weighted towards winners, with 41 gainers, 18 decliners and one unchanged. At this time last year, the winners also outnumbered the losers, with 36 gainers, 23 decliners, and one unchanged. The worst- and best-performing equities are the typically ones to monitor. 

Key dates for 2013:
Tuesday, December 24, 2013 is the last day for tax-loss selling for Canadian taxpayers selling Canadian equities. There are virtually no alternatives if you leave trades beyond this date.

Thursday, December 26, 2013 is the last day for tax-loss selling of U.S. equities for Canadian taxpayers. Once again there are no alternatives should you wait beyond this date.

Tuesday, December 31, 2013 is the last day for tax-loss selling for U.S. taxpayers for Canadian and U.S. securities."

IAG up almost 10 per cent @ 3.48 from 3.2 per stock I paid for few days ago. My prediction is that gold price will go up until the first few months of 2014 and then the price will slide back again. Will see. I've been wrong many times so take it easy.