Adding gold to portfolio?

[jay07ag]

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!

[TexasBob]

In for the discussion

[Walker]

I've always been curious about what you can do with physical gold.

[Johnny Dangerr]

Gold is high right now. I would hold off...

[BrianL]

I would not buy gold or silver right now. IMO I would wait till gold is sub $2K and silver is sub $20

[AntlerCollector]

Gold is $3,352.49 per ounce right now. That’s crazy high, but it will probably slowly increase over the years. It always does.

At that price though there’s better ways to invest your money IMO

[wytex]

We've used some gold coins for jewelry and other things, folks will take it in trade.
Some coins will be more valuable than spot price, our Buffalo gold coin is worth a lot more than we paid for it now.

[BRust]

Invest in property/land.

[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!

I agree with others saying to wait.. But since that wasn't the question..

Buy gold coins or buy from Costco. But do it slow and steady as a hobby. As part of your overall investments you can buy GLD and SLV or research and buy gold/silver miners that pay dividends. But you can expect the miners stock price to fluctuate a lot so you need to be sure what you're buying and be ready to average down.

Gold and Silver can go in slumps for very long periods of time. Got to keep that in mind also.

[sharpstick35]

It's a little late go go in on Gold tight now.

[bbbuck]

I've always been curious about what you can do with physical gold.

Bartering.

[KactusKiller]

I would not buy gold or silver right now. IMO I would wait till gold is sub $2K and silver is sub $20

We will probably never see those prices again.

[Jay-J]

I can tell you one thing if you call one of those gold brokers advertised on TV and get them to send you an information package. They have your number and will call you relentlessly until you just have to block their number!!

[Tex_Cattleman]

Bartering.

I've never really understood this. Maybe I look at too much from the worst of worst cases. When it all hits the fan and there are no retail sales, we start bartering. At that point, neighbors will come to me needing what I have. I assure you the last thing I'm accepting for firewood, salt, meat or ammo is a gold coin. It would be worthless to me. Help me understand.

[JeffJ]

I've never really understood this. Maybe I look at too much from the worst of worst cases. When it all hits the fan and there are no retail sales, we start bartering. At that point, neighbors will come to me needing what I have. I assure you the last thing I'm accepting for firewood, salt, meat or ammo is a gold coin. It would be worthless to me. Help me understand.

Yep. If it comes to bartering with gold coins we are too far gone already.