Community Chat

[wildcherry]

Ask William Devane!  Sorry, I couldn't resist.

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[spumoni99]

I personally wouldn't but if you wanted to buy gold you can buy it yourself and put it in a safety deposit box.  Costco sales gold bars/coins.

[shoekitty]

Personally, and this is my own opinion, I wouldn't right now.  Cash, CD's or tbills in short stays.   But it is up to you.we are retired, and many of our friends are. A couple of them got into the bitcoin thing and lost tons they couldn't afford to loose.  Sometimes when things are so volatile it is better to stay put in safe harbor. I am ultra conservative in financial areas very. We went thru the havoc in 70's and 80's, and the housing bust   One thing is for sure what goes up, comes down...and goes up again lol. It's just that I'm 77 and can't afford to wait another 10 years to recoup. lol. Others could. 

[shoekitty]

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@kaydee50 wrote:

Never, ever invest "Money we can't afford to lose."  Put it into CDs, Treasury bonds/bills, etc.  Something relatively safe.  Stocks and gold are too volatile.  What goes up, can and will go down.

@kaydee50   I hear you. My advice exactly.  

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[SilleeMee]

I inherited several gold coins from my mother when she passed. I have no idea where she bought them and I have yet to get them appraised. They are 'investment-grade' gold coins which means they are 99.5% pure gold. Bullion coins are 99.9% pure gold.

[CelticCrafter]

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@shoekitty wrote:

Personally, and this is my own opinion, I wouldn't right now.  Cash, CD's or tbills in short stays.   But it is up to you.we are retired, and many of our friends are. A couple of them got into the bitcoin thing and lost tons they couldn't afford to loose.  Sometimes when things are so volatile it is better to stay put in safe harbor. I am ultra conservative in financial areas very. We went thru the havoc in 70's and 80's, and the housing bust   One thing is for sure what goes up, comes down...and goes up again lol. It's just that I'm 77 and can't afford to wait another 10 years to recoup. lol. Others could. 

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@shoekitty I still don't understand the whole bitcoin/crypto currency thing and don't want to try anymore.  At least you can hold a gold bar or coin in your hand.

[deepwaterdotter]

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@Goldengate8361 wrote:

@KittySoftPaws Run! Don't do it. Don't let your husband do this. It's your money, too. At the very least, Go to a local Schwab office and simply talk to a professional.

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This.

[Puzzle Piece]

I didn't think gold bars are sold anymore.  I thought you just get certificates - unless you buy gold coins.  

[tansy]

Costco sells gold mini bars.  

[rockygems123]

@KittySoftPaws 

Those gold companies remind me of real estate scams like "We Buy Ugly Houses".  You'll never get market rate in selling your house with that type of company and with gold companies you'll pay much more than you should as their profit margins are very high.

As a jewelry dealer there is opportunity to buy gold.  Never do I buy above the current scrap rate unless it is a very rare piece.

That would one of the few if not only scenarios where it makes sense to buy gold for profit.