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Anyone ever bought any gold?
Posted on 1/10/16 at 10:24 pm
Posted on 1/10/16 at 10:24 pm
Pros and Cons?
Posted on 1/10/16 at 10:39 pm to samson73103
If you buy the physical stuff, I believe you'll pay a premium to the spot price and you'll have to figure out where to securely store it. There are some gold and silver ETF's out there, however, that follow the price of the underlying metal minus the fund's fees.
But why buy physical or ETF gold now? As the dollar becomes stronger, particularly when interest rates are raised again this year (up to 4 times!), your gold will lose significant value. You'd be better off just holding the cash.
But why buy physical or ETF gold now? As the dollar becomes stronger, particularly when interest rates are raised again this year (up to 4 times!), your gold will lose significant value. You'd be better off just holding the cash.
Posted on 1/11/16 at 8:42 am to samson73103
quote:Only collectible gold coins, not for their gold content but for their numismatic value.
Anyone ever bought any gold?
I only own gold coins which were minted in New Orleans, which increases their collector's appeal.
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