Gold as an investment

KittySoftPaws · ‎07-21-2020

I am asking for honest advice from anyone out there. My husband wants to invest a good chunk of money into gold bars, as a less volitaile investment. Money we can't afford to lose. He talked with a reputable company from what I can tell, or a ****** good salesman. Either way, I am very skeptical. From what I have read, it doesn't seem like a stable or profitable investment long or short term. They are telling him they will buy it back as well if it increases in value and he wants to sell it ??? The Company is called American Hartford Gold. Anyone ever deal with them, or purchased gold bouillon, that could offer any advice or suggestions from experience? TIA

89135 · ‎11-06-2017

@KittySoftPaws Check the company on Google...Mixed reviews..

Kachina624 · ‎03-10-2010

Maybe 40 years ago gold was a great investment. The price is too high now...I wouldn't even buy jewelry now. Realistically, how much higher is it likely to go in our lifetime? Especially for retirees, there are other safe investment with which a good financial advisor can familiarize you.

New Mexico☀️Land Of Enchantment

CelticCrafter · ‎03-09-2010

If it's money you can't afford to lose should something happen then maybe it's not something you should do.

If you do decide to do it, you want actual gold, not a piece of paper that says you own it. And you want to know up front what it's going to cost you to buy it from them.

We have some, not a lot and wasn't something we bought to make a quick profit on.

I would not recommend Lear Capitol. Maybe they are all the same but it was a hard pressure sell.

Goldengate8361 · ‎01-27-2014

@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.

Snowpuppy · ‎03-09-2010

Read what happened to Oxford Gold last summer. That'll open your eyes. Investors lost everything. One product the company offered was holding gold in an IRA.

The first rule of investing is never invest what you can't afford to lose.

What is his goal in purchasing precious metals? Keep in mind the gold prices you see today are actually a contract for gold futures.

sabatini · ‎06-29-2015

I actually thought about that during the LA fires.

I'd been watching the news and saw one of those gold investment ads, and wondered if those folks kept it at their homes?

In the case of a catastrophic fire where you can't even return to your home once it's out, what then?

Muddling through...

patbz · ‎03-10-2010

I never bought gold as an investment but bought plenty of bold 14k-22k gold over last 55 yrs. Started buying it when gold was $10oz ( so it's been a great investment). Gold went up 9% last week ( but these are unusual times). Its projected to go much higher over next ten yrs. I agree its a decent investment say a gold coin at a time on a regular.basis over time. I'd be very careful and would talk to a brokerage get physical gold, not paper and not count on someone saying they'll buy it back.

Rockycoast · ‎03-02-2016

@KittySoftPaws wrote:
I am asking for honest advice from anyone out there. My husband wants to invest a good chunk of money into gold bars, as a less volitaile investment. Money we can't afford to lose. He talked with a reputable company from what I can tell, or a ****** good salesman. Either way, I am very skeptical. From what I have read, it doesn't seem like a stable or profitable investment long or short term. They are telling him they will buy it back as well if it increases in value and he wants to sell it ??? The Company is called American Hartford Gold. Anyone ever deal with them, or purchased gold bouillon, that could offer any advice or suggestions from experience? TIA

If you can't afford to lose it, Do Not invest in Gold. Find something safer to invest in.