Gold question.

[JNort]

Where do yall prefer to buy gold from? Or rather from who do you trust and get the best deals from? Looking into purchasing gold but there are so many options I am having trouble figuring out who to go through.

[hurleyfor3]

OP is assumed to be asking a serious question; non-serious responses will be infracted.

You may want to look into PHYS. Trades on the NYSE (despite the four-letter ticker; there's no correlation there anymore), and is backed 100% by physical gold. It advertises the ability to can be exchanged for physical gold at any time, although this would only be in multiples of around a USD million (large bars); otherwise you get cash based on some sort of spot price.

I don't own any PHYS, but have done due diligence on the organization that manages it, and they are completely legit.

[duke74]

OP is assumed to be asking a serious question; non-serious responses will be infracted.

You may want to look into PHYS. Trades on the NYSE (despite the four-letter ticker; there's no correlation there anymore), is backed 100% by physical gold and can be exchanged for physical gold at any time.

I don't own any PHYS, but have done due diligence on the organization that manages it, and they are completely legit.

There are also a number of ETFs holding physical bullion. Can't be exchanged for the metal, but as grantor trusts you own a pro rata piece of the "inventory" and buy and sell units. Three that spring to mind are SPDR Gold Trust (NYSEARCA: GLD), the largest gold ETF; ETFS Gold Trust (NYSEARCA: SGOL), and iShares. The prices track the price of the underlying metal, less the costs of running the trusts. You do not have the security issues, nor the cost of carry for the bullion (custodianship, insurance, etc.).

ETFS also sponsors silver, platinum and palladium trusts as well as precious metals and white metals (all of the above but gold) trusts.

[roywhite]

OP is assumed to be asking a serious question; non-serious responses will be infracted.

You may want to look into PHYS. Trades on the NYSE (despite the four-letter ticker; there's no correlation there anymore), and is backed 100% by physical gold. It advertises the ability to can be exchanged for physical gold at any time, although this would only be in multiples of around a USD million (large bars); otherwise you get cash based on some sort of spot price.

I don't own any PHYS, but have done due diligence on the organization that manages it, and they are completely legit.

Agree. PHYS is a good choice for gold.
PSLV is a good choice for silver; it's along the same lines.