All About Gold

August 7, 2009

What are the laws in the US for buying gold with federal reserve notes?

Filed under: Investing — Tags: , , — @ 1:07 am

I want to know the nuts and bolts of investing in gold. I heard that there are laws that make federal reserve notes “irredeemable” in gold. Do i have to exchange currency and buy gold in say Europe? Is this something any broker can do, or is it better to get with a specific kind of broker?

The money I have to invest is understood to be “losable”, and I know how volatile gold is, but I want to buy now because I think its going to up quite a bit pretty soon. Im not going to invest anything I cant afford to lose.

Thanks

Nikki

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