Q&A: How do you invest in Gold and Silver in the Philippines? | Gold ...

Question by g-money: How do you invest in Gold and Silver in the Philippines?

How do people in the Philippines invest in Gold and Silver? Do you go to the Central Bank to buy and sell gold there?

Do most people do it online on the internet?

Or do people there use a financial advisor or stock broker?

I would like to know your opinion on how people in the Philippines invest.

Best answer:

Gold and Silver transactions is mostly done in finished form as Jewelry in the Philippines. You can buy these from major jewellers.

If you will invest in other GOLD and SILVER items, you would need to transact with the MINING companies, but you would need to have enough capital to be able to buy the GOLD or Silver being produced by the mining firms. Most productions have been bought and for delivery to China and US companies.

If you want, you can buy from the futures markets and trade your GOLD certificates.

Know better? Leave your own answer in the comments!

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