Posted: 08 May 2014 11:48 PM PDT

How exactly can I buy gold coins using debit card?

When I go to "buy gold coins", then there is a list of payment methods that I can choose from. Unfortunatelly, my bank (on which I have my bank account) is not listed there. So I chose Visa because I have Visa debit card. I filled all the informations, but what bothered me was that there was no room for bank code number (like it usually is everywhere). When I clicked "buy", then there was "we were unable to complete your transaction" error message.

It is my first time buying gold coins this way since buying gold coins using HoN client was removed.

Now is the time to buy gold mining funds, says Harris | FE Trustnet

Posted: 07 May 2014 09:30 AM PDT

Investors should now be buying gold mining equities, according to City Financial's Mark Harris (pictured), though at this point in time he recommends using trackers instead of actively managed funds.

ALT_TAG Harris, who heads City Financial's funds of funds range, established a decent position in gold bullion and gold miners at the start of the year to defend his portfolios against increasing over-optimism and borderline euphoria in equity markets.

That decision paid off but and the manager took profits from those gains. However, he says a buying opportunity has once again opened up.

"We had bought gold and gold miners at the start of the year and we made a lot of money from them. Despite that, we have just started to build a position in gold equities again," Harris said.

Having been one of the worst performing areas of the market last year – as a result of the increased appetite for risk among investors and the falling gold price – gold mining funds have performed well so far in 2014.

Our data shows, for instance, that the average gold fund in the IMA universe lost more than 50 per cent in 2013 as the gold price fell 30 per cent. As a point of comparison, the MSCI AC World index returned more than 20 per cent last year.

Performance of composite portfolio vs indices in 2013

ALT_TAG

Source: FE Analytics

However, due to macroeconomic headwinds such as turmoil in the emerging markets and the crisis in the Crimea, gold shares bounced considerably at the start of the year.

Nevertheless, as the graph below shows, the performance of gold mining funds have, once again, tailed off over recent months

Performance of composite portfolio vs indices in 2014

ALT_TAG

Source: FE Analytics

Harris says investors should be using this period of relative weakness to buy into the market.

"Gold miners are now actually cheaper; relative to the gold price itself, than they were at the start of the year," he said.

"Obviously, one of the reasons we have wanted to build our exposure again is because of geo-political risk, but there is also a bit of asymmetry going on here."

"That is because seemingly all the bad news is now in the price and so if there is any positive news then they will surprise on the upside," he added.

While Harris has been re-establishing a position in the asset class, he has decided to buy an exchange traded fund (ETF) instead of using an actively managed portfolio.

The reason for that, he says, is the issue of liquidity and also because he doesn't want to be exposed to junior gold miners at this point in time.

"The main point is really about liquidity," Harris explained.

"The problem is the largest fund in the sector is Blackrock Gold & General. I, for instance, can't go and buy a small fund."

"If I am wrong, I can get out of an ETF quickly, but I could well be stuck in an actively managed fund."

"However, more importantly with passives you are basically just getting exposure to large –caps and while active managers say there might be better opportunities in mid and small-caps, large-caps are much better financed which is important at the moment."

For his exposure, Harris has been buying the iShares Gold Producers UCITS ETF. The fund offers high exposure to world's largest mining companies such as Barrick Gold, Goldcorp, Newmont Mining and Newcrest Mining. It has an ongoing charges figure of (OCF) of 0.55 per cent.

Harris took over City Financial's fund of fund range in January 2013 having previously headed up the multi-manager teams at both New Star and Henderson.

He currently manages the City Financial Multi Asset Balanced, City Financial Multi Asset Diversified, City Financial Multi Asset Dynamic and City Financial Multi Asset Growth funds. All four of them have beaten their respective sectors since January 2013.

His stand-out fund has been the City Financial Multi Asset Diversified portfolio, which has been the best performing fund in the IMA Mixed Investment 0%-35% sector since Harris took over having delivered top quartile returns in both 2013 and so far in 2014.

Performance of fund vs sector since Jan 2013

ALT_TAG

Source: FE Analytics

Harris says that having performed very well last year, investors should expect equity returns to be considerably flatter in 2014 as earnings catch up with recent re-ratings.

The £60m City Financial Multi Asset Diversified fund's positioning reflects Harris' less optimistic view on risk-assets.

For instance, he holds just 20 per cent in equities and 6.3 per cent in cash. The rest of the portfolio is spread across fixed income funds and alternative assets, such as private equity trusts and real estate investment trusts (REITS). Its OCF is 2.35 per cent.

Try Buying Gold in the Real World - Mike Swanson (05/08/2014 ...

Posted: 08 May 2014 05:28 AM PDT

We got a little pullback in gold yesterday. I got a couple of emails from people scared about that daily drop. One person asked me if the HUI goes through 220 should we all sell?

Well I thought to myself this is a good day to buy more!

So I tried to buy physical gold in person and had a very tough time of it.

I have bought gold and some palladium on the internet, but I had never bought in person from a gold dealer before.

I don't like to carry around much money. I actually don't like paper money at all, because it doesn't do anything.

Saving money is useless. I got a drawer full of German marks that say they are worth billions on it, but they are worth nothing.

One has a picture of that jackass Adolf Hitler on it.

My grandfather was in WWII and invaded Germany with Patton's army.

It was him and two other guys working together as forward observers for artillery.

In a lull in fighting they were in some city square and went into an abandoned bank and took some Hitler money.

That's hyperinflation and when governments go nuts their money goes to zero.

I also got some Confederate money in a drawer in my house. The bills are in perfect shape and you'd think they would be collector items, but they are worthless.

The Confederacy was a vile government and they hyper-inflated their currency during their war game too.

Their are still rednecks in the south who think the Confederacy was protecting "rights," but if you actually look at the history Confederate government it treated its citizens like crap was a hellhole.

Paper money is good for one thing - spending.

Think about it if you got a stack of newspapers and a stack of dollars sitting on your counter they both are doing the same thing - NOTHING.

And in time they will lose value.

That's why so few people save money. They just spend it on stuff - usually useless crap.

I like to use it though to buy things that will go up in value and build real wealth.

You don't need to waste money on junk.

Money turned into real estate is neat.

Money turned into the right stocks is exciting.

And money turned into gold that is then stored in a safe place is a safe haven.

Right now investing in gold makes all the sense in the world to me.

So I decided I would take a drive down the road to Greensboro NC and buy some gold bullion.

I took a few thousand dollars and put a gun on the passenger seat.

These are crazy times.

I went to three gold dealers and not a single one of them had any gold bullion bars.

They mostly sold collectible coins.

They told me that whenever someone comes in and sells them bullion that it just sells out within a day or two so they cannot keep any in inventory.

I told these guys I invest in mining stocks and wanted to now invest in physical gold too, because I thought a bull market was coming.

They had no reaction to that at all. They didn't seem to care whether the market goes up or down. Their world was really collectible coins and catering to collectors.

It was a fascinating contrast to the internet gold bugs world - where everyone is scared to death whenever gold goes down on any given day. It's basing up and down going sideways and when it and the gold stocks break to the upside both will start a bull market that will take everyone by surprise.

Over the past two months though it hasn't done anything but go up and down in a range. But those down days terrify stock market players in gold, because they all have been trained by the bear market cycle of 2011-2013 to fear another collapse.

So I communicate via email with people scared to death every morning.

So that's a big contrast with going to a gold dealer store and not being able to get any bullion at all and talking to people who seem to be oblivious to the gold market trends.

Silver is tough to find too apparently.

One store I went to had a single one ounce silver bar for sale. The other guy had twenty. So I bought them.

Silver is good to own too.

So from my experience it's hard to hop in your car and buy gold. You can get it on the internet though from gold dealers like Regal Assets, Kitco, and etc.

Buying Gold | how to buy gold coins with debit card? - Heroes of Newerth Forums | News2Gold

Buying Gold | how to <b>buy gold</b> coins with debit card? - Heroes of Newerth Forums | News2Gold

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