Adding gold to portfolio?

[BBBGP]

I think gold was a smart place to put some cash years ago. That is shifting as the cost per ounce has gone up and with the presents of bitcoin. We are in an interesting time right now. I would rather own bitcoin than gold. Gold that I'm holding from 99 has increase significantly sure, but the increase in value pales in comparison. Bitcoin Its up 22k% over less time. That gold I bought would now be worth a little over six million an ounce if it had the same increase.

[RascalArms]

We have held both physical as well as digital gold over the years but moved almost all of the physical to paper several years ago to avoid the hassle of storing. Just less things of value to keep an eye on imo. If it ever reaches "bartering times" we will have more important things to worry about, trust me. I like gold as a means of diversification. It has almost always done well for us, especially when our stock portfolio was on a downturn. Gold will ALWAYS live up to its reputation of being a safe haven to balance the exposure of your portfolio when the value of conventional stocks and currency goes down.

Those saying NOT to buy gold right now because of the current high price?? That's just a roll of the dice...it will almost always be worth more later but I can guarantee you there are far worse ROIs out there. If we had a crystal ball none of this talk would even matter. I can't begin to tell you just how nice my bank account would look right now had I not sold my bitcoin when I did. 🤨

[RiverRat1]

Looking for practical advice for adding gold (and possibly silver) to my investment portfolio. Thoughts on physical gold vs ETFs would be appreciated. You can find all kinds of crap online but I typically just dont trust what I see online regarding investments. (Also if anyone is interested in letting some of their physical gold go at a fair market price I’d like to at least buy something physical to get started - I’m in the Conroe/Woodlands/College Station areas daily)

thanks in advance!

Can anyone answer OPs original question? Do both have about the same return or does storing physical gold cost more than ETF fees etc?

[Chase This!]

My play on gold is GLD. I don’t feel the need to store physical gold.

GLD is up 24% YTD and 40% TTM.

[tpack]

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[justhrowit]

Lots of folks say don’t invest in gold right now. I won’t inject my opinion on timing.
I have used Advantage Gold to invest in gold, silver, and platinum. They’re easy to deal with. The physical gold sits with Equity Trust, but I can take physical possession any time.
I sold some earlier this year to invest in another project/property and the sale/dispersal was pretty straightforward.
The storage fee for the gold is $250/year, I believe.

[Double C]

I think everyone needs to go through the exercise of owning some real gold or silver . Bite it and take selfies while smoking a swisher sweet!

I got a few coins from Gainesville Coins, the company and shipping is legit. If you don’t want physical go with a low expense ratio ETF , or a gold /silver mining company stock .

[Tbar]

Gold bought at $300.00 an oz in 1985 would have grown at ~6.1% to equal today's price not accounting for inflation.

I have never really considered it much of an investment.

[BrianL]

We will probably never see those prices again.

We were at those levels 18 months ago. We will see those prices again. Last time it jumped into the $3K + it fell to sub 1100.00. As soon as the markets go up, gold and silver will fall. There isn't any more uses of gold today that there was 18 months ago.

[Shane]

Steel, lead, copper, and brass are likely to be the most valuable metals in a SHTF situation. Whoever has steel, lead, copper and brass can have whatever gold and/or other stuff they want.

[ShockValue]

Gold bought at $300.00 an oz in 1985 would have grown at ~6.1% to equal today's price not accounting for inflation.

I have never really considered it much of an investment.

I think it's generally thought of as an inflation hedge. I'd rather have TIPS or TBills.

[KactusKiller]

We were at those levels 18 months ago. We will see those prices again. Last time it jumped into the $3K + it fell to sub 1100.00. As soon as the markets go up, gold and silver will fall. There isn't any more uses of gold today that there was 18 months ago.

I hope so, I bought some silver maple leafs couple yrs ago. If gold does drop below 2k I’ll prob get some.

[rockyraider]

No thanks, I'll keep buying equities.

[3rdCoastHunter]

Hoarding physical gold is Archaic

[R.W.T]

If you own gold when is the time to sell? And where do you sell it. ?