The Pitfalls of Buying Gold | Made in Germany

  • 13 years ago
Gold is booming. The price of the precious metal has risen to an all-time high of more than 1,050 euros per ounce. You can purchase it via a machine or the conventional way--through a bank. But not every gold purchase is a safe investment. Made in Germany reporter Brigitta Moll goes on a quest to find out more.As concerns over sovereign debt and falling monetary value continue to mount across the globe, many people are turning to precious metals--especially gold. They believe it's a solid investment, especially in times of crisis. Whether it's via machine, bank or dealer, there are a variety of ways to get your hands on the shiny metal--but they aren't always easy to navigate. Our reporter looks for the best and safest way to buy gold. Even a bank can't guarantee it will have gold readily on hand when it's requested. And not every investment is a safe one.