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Anyone ever bought any gold?

Posted on 1/10/16 at 10:24 pm
Posted by samson73103
Krypton
Member since Nov 2008
8188 posts
Posted on 1/10/16 at 10:24 pm
Pros and Cons?
Posted by Omada
Member since Jun 2015
695 posts
Posted on 1/10/16 at 10:39 pm to
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.
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 1/11/16 at 8:42 am to
quote:

Anyone ever bought any gold?
Only collectible gold coins, not for their gold content but for their numismatic value.

I only own gold coins which were minted in New Orleans, which increases their collector's appeal.
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