Monex and Goldline for Buying Gold - The Bills.com Blog

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Monex and Goldline for Buying Gold

Question: I am considering Monex and Goldline for buying gold. Should I buy gold?

Thank you Bill. Mike Smythe.

Answer: Thanks for the question Mike. Interestingly, we've been doing some research on buying gold lately and we even looked into Goldline (you can check them out at Goldline ).

Here are our thoughts, but be sure to do your own research too:

Gold is a way to diversify your portfolio,and many investment experts suggest holding up to 10% of your portfolio in gold and other precious metals.

Gold, in particular, has held its value throughout time, and is generally considered to be a good hedge against inflation. Some people collect highly valued gold and silver coins (numismatics) and some people just buy gold bullion or duckets and hold the core intrinsic value of the ounce weight of the gold.

Here are some of the benefits of Gold:
1. Diversification
2. Protection of assets
3. Gold is a good inflation hedge (it holds its value)
4. In uncertain economic times, gold is a good investment (Gold rose by 75% from the depth of the depression)
5.

Collecting
6. Privacy (in particular, gold coins)
7. Liquidity

So, depending on your time frame and your risk tolerance, buying gold can be a wise decision.

Now on to Goldline and Monex.

It appears that Goldline is a leader in selling, buying, and holding gold and precious metals. Goldline is one of the largest gold dealers, has been around for decades, is a member of the Better Business Bureau (www.bbb.org), has been audited, and is a stable long term partner for your gold needs.

Goldline has been on CNBC, is endorsed by conservative talk-show host Glen Beck and is considered a leader in the gold space.

I don't know much about Monex, but do

your own homework.

So in sum, gold and silver have survived many economic cycles, inflation, deflation, financial crises, and for centuries gold has been considered a "safe haven" asset that has also seen periods of strong returns on dollars invested.

You can consider investing up to 5% to 20% of your assets in gold, but certainly seek your own investment advice and make the decision that is right for your specific situation.

Here are links if you want to learn more:
Goldline
Monex
Buy Gold

Good luck!

Also, make sure to get a free financial health check-up with Bills IQ!

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User Comments

1. Posted by Jack A. on Monday 29th December 2008 13:55

I googled them and found this link: Monex Fraud Looks pretty scary, if it is the same company. I will stick to Goldline or another firm to buy gold based on this website.

2. Posted by Bill on Monday 29th December 2008 13:58

Don't believe everything that you read online, but do your own research.

3. Posted by Fred San. on Monday 12th January 2009 07:28

Thank you for the information. I guess that Goldline and Monex are the two biggest for buying and selling gold. Should I use Goldline?

4. Posted by Bill on Monday 12th January 2009 07:29

We think that Goldline is a good and honest/ethical company and a good partner for you to buy gold from.

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