Posted by JD Seller on March 30, 2014 at 22:52:15 from (208.126.196.144):
In Reply to: OT--GOLD Investment? posted by Jiles on March 30, 2014 at 22:01:28:
Gold only looks like a good investment if you only look at the last ten years or so. If you look a the 50 or 100 year growth rate then gold is not that good of an investment.
Also you have to actually store/secure gold. Gold is a physical asset. Gold is not a very "liquid" investment either. You have to fool around with a fluctuating exchange rate/price per ounce.
As to the exact way to buy gold. There are many ways to buy it. The companies you see advertising usually are a rip off. They charge higher exchange rates/prices than other gold suppliers.
Just buying gold coins is just about as good of a way as any to "own" gold. Most gold buyers are also gold sellers. Just know the value per ounce for the day you want to buy. Then check the "local" market, see who is selling at the lowest price. When selling just look for the highest price.
Gold is just a valuable commodity. Its value changes everyday just like grain, oil or any other commodity.
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