[MRM]

I never understand why anyone wants to do this. How long are you going to hold your gold? Until the price goes down? Are you going to hold on to it and hope it goes up and you'll guess the top of the market and get out? That's called speculating. If you win with that strategy you're lucky, nothing else. You might as well put is all on red six in Vegas. More than likely you'll do what everyone else does and hold it as it goes up and down, mentaly counting your paper profits as the price fluxuates until the trend is irreversibly downward (which it someday will be) at which time you'll hold the declining asset until it spirals to the ground because you can't stand to sell at a loss. Your investment is only valuable if you sell it at a profit. Do you know how to value gold and know when it is the right time to sell that ensures you a profit? Don't guess if you don't know.

If you insist on going into gold, why don't you just cal up a broker and buy some paper. Gold contracts, futures, shorts, mining stocks, whatever. At least then you don't lose so much in transaction expense.