Gold Investment. Is Gold a good investment? What you should know about buying gold as an investment.
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- Опубліковано 5 тра 2021
- Gold has been traded and used as money for thousands of years. Gold is viewed as an investment by many, but there is some argument as to how good of an investment gold is for most people. We are discussing the pros and cons of gold investment and what to expect when buying gold.
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This video contains:
- Gold prices over the years/historical gold prices.
- pros and cons of gold investing
- what to expect when buying and selling gold
- Tips for how to invest in gold
- my thoughts on investing in gold
I have been buying gold and I love it. Have been buying both gold and silver and am looking at buying more gold. Both made a good move upwards today. Inflation is here and it is set to soar upwards. The government is not being honest with us about inflation. It will be as bad as the 1970's
Thanks Andrew, that’s an interesting article you raised there. When I used to work for Dun & Bradstreet U.K. I used to look at company balance sheets. More often than not Gold would be listed on the Balance sheet under current assets. The companies didn’t have physical possession of the gold, that was held in the Bank of England vaults in London, but would appear on the balance sheet with a certificate number. Certainly gold is an easier investment than gemstones as testing it is much more straightforward. Thanks for sharing your knowledge. Rog from Wales U.K. 🏴.
Small fractional gold is the best way forward.
Thanks for your detailed explanation. Only recently found your channel and have subscribed. I have been buying silver coins over the last 6 months with some spare cash and have now got around 60 ounces. I wanted to buy gold coins but they are just a little bit more expensive on my current budget. Maybe buy a couple just to hold onto for a while and see what happens. Thanks again, from Australia
Great video! I appreciate that you go in to depth on the topics of your videos.
With kind regards
Thomas
I like the 22K French gold Roasters. I know, not the most valued but I buy the coins for the design. That way I get more out of the investment than just the monetary value. BTW, pure (or close to it) gold has a unique orange tint that I did not know beforehand. Compare it with 14K rose gold, which is definitely "pinker". My 18K and 14K rings are more "yellow". Gold is fascinating stuff.
Thanks for your time .🙏
You I am from Eritrea North east Africa we love gold we say it's better to buy gold then expensive dresses. What do you think. 🤔😊
gold is money… everything else is credit
3:13 small correction: ETF is _exchange_ traded fund
Good vid otherwise 👍 And good channel too, I've been bingeing all your gemstone videos since I just started learning about gemology 😊
In our culture we buy gold jewellery and keep it as investment or as heirloom pieces passed down to daughters. I might have about half a pound of gold jewellery in the bank
I don't think of gold so much as an "investment", in the sense of something that will generate a return (taking inflation into account), but as a store of value/ wealth. Nothing could be riskier than keeping all your life's savings in (inherently valueless) fiat money; at least gold has intrinsic value.
And while a stock index ETF is better at preserving and even growing value over longer terms, you can't exactly pick up an ETF and carry it with you if e.g. you need to flee your domestically unstable country. Physical gold is good to keep on-hand 👍
*on-hand, and in private vaults in e.g. Singapore, Switzerland, the Cayman Islands...
Which btw, private vaults for gold storage are surprisingly less expensive than you might think. I've seen one in Switzerland for ~USD $200 per annum. And even Das Safe in Vienna can be as low as $500 per annum.
Some vaults only charge a storage fee of a percentage of the stored value. Lowest I've seen was in Singapore with 0.8% per annum and no minimums. Caveat being was that that was only for their own branded gold bars, but still a pretty good deal tbh
3rd generation jeweler 38yrs ! Still working my own studio ! Stacking gold and silver across the board for 35 yrs ! GOLD IS A HEDGE NOT AN INVESTMENT ! FACT ! I will take the gold over any crypto or paper rubbish !
I would HIGHLY recommend the channel Monetary Metals and the speeches by the CEO , Keith Wiener
Try selling your gold it will need to be drilled and tested all at a cost. And then the buyer will need a discount from market price.
Depending on the buyer and the specimen of gold, that can be the case. Usually don't run into this with known coins, but it varies by situation.
Better than holding dollars
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