I have the opportunity to buy gold at a nice price, slightly below market value. This would be buying coins. My investments so far are stock, etf and index funds, emergency fund etc.
I know gold is an inflation hedge and doesn't have crazy growth potential like some stocks. Is it a worthwhile investment to buy a couple oz's and hold for the next decade or so?
Let me know! Thanks!
Question on investing gold 24y/o
byu/Ok-End-3213 ininvesting
Posted by Ok-End-3213
6 Comments
Why would someone sell you real gold below market price?
No one here knows what you mean by buying gold at a “nice” price. Gold moves GENERALLY with the market. So, if the price is right then do it if it doesn’t cause too much complication.
The issue is, you give us no numbers and you are fishing for a “let’s totally do this” type post. Gold is skyrocketing currently so if you think this will continue then go for it! If you think the market for gold will “crash…. Or at least not be nearly as valuable then don’t.
The opportunity is very likely bogus.
If you want to own gold and have it easy to trade, look at SGOL.
Why are they selling below market value? Makes zero sense unless they’re selling fake or impure gold.
buy iaum
Gold has Brett lousy tax treatment when you sell it…legally.