Bitcoin Forum

I was in Costco the other day and was tempted to buy gold bars they were selling to diversify my portfolio.
I have never bought gold as an investment before and it would be super easy and convenient to get it from my local Costco.

For those who don't know Costco is a very popular supermarket in the US that sells everything from grocery to consumer electronics.

Two things made me change my mind.

1) I asked the salesperson will Costco buy gold back when I want to cash in and sell it? He said no Costco only sells but won't buy it back.
So buying gold from Costco would be super easy and convenient but when you want to sell it Costco says good luck you are on your own.

2) Costco charges a 2% fee over the spot price which is two to ten times what most crypto exchanges charge you to buy and sell bitcoin.

I read a couple articles on the internet about how to sell gold and it seems a rather complicated and expensive process to do.
Where do you even go to sell your gold besides a pawn shop (who will give you only half of what its worth if you're lucky)?

Do you have to ship it to the buyer? Is escrow involved?



How to sell gold without getting scammed.
November 10, 2023

https://www.cbsnews.com/news/gold-prices-how-to-sell-your-gold/

If you interested in having gold why not invest on a gold ETF
Physical gold is not worth the risk and with it's high price Now and difficulty in selling at market price
I don't see it been profitable
Gold rise lower than other stocks and buying at $2K doesn't mean you can sell at said amount but most likely lower.
Not to mention physical Gold can be stolen.

One quality of an asset is it's ability to be easily bought and sold at anything, and as such, by virtue that Costco do not buy this gold bar back when you want to sell is enough reason to discourage anyone from investing in it, because unlike Bitcoin which is a digital asset that could be easily bought and sold at anything, without stress, that alone is enough reason to encourage more people to prefer it as an investment asset far better than gold. So on that note, I will strictly advise you invest in Bitcoin, because just as we just saw it's 4th halving, I'm sure it has a great potential currently of skyrocketing in next 6 months to a year from now.

Now that you mention it gold ETF is something I may consider.


About 70% of my investment portfolio is in bitcoin and will probably never be less than that.
I recently sold some of my non-crypto holdings and thinking about reallocating some of it into gold.

I haven't heard a place only sell gold, but they didn't want to buy gold from the customers.

Your second point is correct, they will charge fees when you want to sell your gold and they also value your gold lower than the actual price due to your gold is old. I mean, I invest in gold because I want to protect my wealth, so I will hold it for long term, but new and old gold has a different price lol.

Most people choose to own digital gold or gold ETFs, but it just not as safe as the tangible asset.

I didn't own a lot, paying middleman would be costly.

Yea was a good investment in the past. We are in the days were everything is going digital and most people prefers this compared to physical assets. Government controls almost everything physically owned assets giving the investors less space to breath. Though like you said digital or physical gold are still controlled by the government, it's more reason why people won't want to invest in gold.

Again, if we look at gold market for like 10 years graph compare to that of Bitcoin over same period, you will notice that it's percentage gain isn't even worth it. (Though the image below might be an old estimate but it's current value is still not worth it)

https://www.talkimg.com/images/2024/04/22/jKgol.png

So why go over the stress of investing in something that is more stable but it value seize to be profitable over the years. I'll just stick with Bitcoin even with it's volatile nature. If one is able to hold for a long period of time, no matter how dip the !markets goes it will get back on it's legs.

According to you, you are encouraging people to use bitcoin to avoid taxes and bitcoin is an effective tax evasion tool, right? Just looking at what you said, it's easy to understand why many governments hate bitcoin so much. Because if they let people freely use bitcoin and avoid taxes, sooner or later your national economy will collapse. If all bitcoin investors have the mindset of using bitcoin to avoid taxes and avoid the government, then don't expect bitcoin to become popular. We are hindering the popularity of bitcoin. Additionally, you are also implicitly asserting that Satoshi created bitcoin to help people avoid taxes.

I didn't know that gold was hard to sell. All I know is just go to pawn shops and sell it, I think it's still easy to just invest in ETFs though it would be hard for some people as it's too challenging for them compared to just buying and selling physical golds. For me, I would still prefer investing to cryptocurrency, luckily I managed to get myself curious stick to cryptocurrency.

Other than that, as per the OP the transaction is really expensive, I wouldn't dare to  trade with a 2% fee. I was wondering if this is only in Costco or also in other part of the world.

You will not get the real price of gold at any pawn shop, in case of most jewellery you will get at maximum 70-80% of what that thing is worth at current prices, really good stores will get you around 90% of the price for a fully legit gold bar but no way you're going to get this at any corner shop, they need to make a profit too and hedge against price fluctuations.



Not your keys not your gold!

Some small time armed robbers came to raid a small area in my town yesterday, I bet if anyone of them is holding gold in the house the robbers will run away with the gold, this incident makes me think about how bad it is to hold something as valuable as gold at home.

If I have to invest my hard earned money into anything it will be something that's not physical, apart from land properties, it will never be something valuable and physical like gold.

Its not even safe, if someone know that you have something as valuable as gold at home they might plan to attack you, gold is a good investment, but it attracts bad things, you must not keep it close or move it when other attentions are present.

Where there is gold, blood flows.

Stuff like these are the very reason why no one buys gold physically anymore besides jewelries and statement pieces. Everyone's willing to sell their shit, some even will be more than happy to sell it to you for under the market price, but no one's going to buy it from you. This doesn't just happen in CostCo by the by, as I tried pawning my gold bars back then in a local pawnshop here in the Philippines, all of them declining my offer as they either "don't have the tools to check for authenticity" even though it's not that much different from testing gold necklaces or whatever, or they don't have enough money to accommodate my offer.

I would highly suggest you go for ETFs instead as it still gives you the liberty of being able to invest in the gold market, but at the same time lose the risk of getting that shit stolen from you, and furthermore being able to sell your shit almost always instantly without issue. Only thing is that you're technically not buying gold, but are buying a deed that says you got this much gold, so when they lose their supply all you really have for yourself's a piece of paper, which isn't really a lot if I'm gonna be obviously honest.

Then again, safer than hoarding gold :)

When you are investing in gold, only physical matters. Good luck getting your phys from paper gold assets during market turmoils. Yes it is hard to keep phys gold safe and you shouldn’t be buying it if that’s the case. Phys gold obviously has other problems too. It is hard to convert your phys gold back to USD and you get ripped of when you do it. People buy gold because when shit hits the fan, none of these problems will matter because when that happens, the only problem you’ll have will be not having enough of it and you need to have them in your possession. If you can’t lick it, you don’t own it.

The capitalization of the gold market is over 15 trillion and the capitalization of bitcoin is just over 1.3 trillion. I want to ask people (who think gold is harder to sell than bitcoin) which asset is more liquid?

There are more and more stories comparing gold and bitcoin, and what's even more interesting is that most jump in to support bitcoin and criticize gold. But that's not too surprising since we're on the bitcoin forum and we're all bitcoin investors. But in this way, by smearing gold and exaggerating about bitcoin, will bitcoin become more popular than gold through this route?

To maintain wealth, gold is a good investment, because you can be sure the price will increase every year. Gold is an investment that I think is the safest, because the risk is very minimal. And if you intend to invest in gold, then the gold you buy should not be in the form of jewelry, but in the form of pure gold or gold bullion. Because if you buy gold in the form of jewelry, then when you resell the gold there will usually be a decrease in price on the grounds that there is slight damage or abrasions due to use which can reduce the weight of the gold.

But what the OP said is true, that there are several gold shops that are behaving "cheatingly" by no longer buying the gold they have sold to their customers. Apart from that, there is one more thing that often makes me quite annoyed with gold shops, where they often cheat the lower class who want to resell their gold, where the gold shop buys gold from its customers according to the previous price when the customer bought gold at the shop. , even though in that period of time, gold has experienced several price increases.

I think there are easier more liquid way of investing into gold that is by using digital gold and what I mean by digital gold is literal gold just represented as a value digitally there are many digital investing companies that are legitimate offering this option I think, but yes investing in gold, directly, by holding the physical of gold in your hand might suffer from hard liquidating the asset, there are always cuts here and there simply because those companies that does buy and sell gold knows it very well that people are in for making money for future investment so they tried to be the middle man and make the most out of fee, therefore the many cuts that are enforced are literally everywhere that its such a huge turn off to cash it out when there's no significant margin even though sometime those of us who invested in gold just want to keep our money from being eaten up by inflation.

this is also why i'm so hesitant investing in gold, keeping gold alone is already such a hassle, cashing it out will just become more hassle, then i decided to put my investment into bitcoin for the sake of easy liquidity and just more convenient as an investment.

Buying Gold as a form of investment is not all safe because you will always sell it back lower the price you bought it, there is no chance of it yielding more profit for you like Bitcoin.
When you buy a gold for $5k and keep it for 10 years and then want to sell it back you will always sell it lower than the price you bought it you may sell it for $2k or $3k but when it comes to Bitcoin keeping it for that number of years will always make you more richer.

Having the physical gold is better than the ETF since you have it yourself. The ETFs can just be taken from you whenever they want. Physical gold is like having  BTC in your hardware wallet.

Yes, selling it to the back will be a problem though. I guess it's just meant to barter in times of hard recession. But what is more worth investing I think is collectible gold coins instead as they are going to be confiscated by the government in times they wanted to do it like they did in the 30s. 

Peter Schiff will argue that Gold is a better investment just as banks are buying gold. Moving it from one place to another is the problem with gold unlike BTC.

There are other ways but I am not sure how it works in western nations but in India there is something called Sovereign gold bonds I invest in that as you don't pay as making charges and it's safer since it's not a physical gold and also you may sell it when you want by transferring it into stocks and it's much cheaper than what you would end up paying the charges when you sell gold or other gold scheme. Check for government related schemes if it's there then good as it's a win-win situation.

That's why it's always important to evaluate the risk involved in any kind of investment one is making. I know that gold is not really a very easy asset to control, like we do with Bitcoin. In one of my old posts, I mentioned that someone can actually store 100,000 bitcoins worth billions of dollars on their phone, and if they were walking on the street, you wouldn't know how much money that person was carrying, but the fact is that you cannot trade like that with physical gold. In fact, you have to even be careful about your movement when you are in possession of physical gold that is worth millions of dollars. @OP, I am not in the US, and like you said, you have already done some research about how to sell your gold there. If you find out that the investment is not going to be favorable for you, you can go for other investments, like stocks, real estate, or bonds, but that's if you don't want to invest in Bitcoin or you already have but want to diversify to other physical assets.

US supermarkets are so odd. They sell all different kinds of things there.

Gold is seen as such a valuable asset that you can never find it being sold in supermarkets or any store that doesn’t seem expensive or classy.



This is why even though many see gold as a valuable investment we can not deny how inconvenient it is to store gold and sell them unlike with crypto where in just a few clicks away you can buy and sell and you can do it at the comfort of your own house. It is one of the many advantages of crypto over gold.

1) You should just sell it to the merchants that have been working with gold and other precious metals and jewelries for a very long time.
2) Try to find some of those merchants and you might get some discounts from them.
If you're going to buy it online, make sure that you'll buy it from a reputable shop. The amount varies if they're including shipping fee but if it's about escrow, you can try looking for that merchant in here and use one or don't have to when the merchant is reputable.

The  bottom line of this is that before having your funds invested in an sector, do your research, consult and study the potentials of the investment such as during exchange of services when you can give accounts of your profits.
Ignorant to this will not refund your lost funds back or can't restore your funds if invested on deadline.
Bitcoin would always serve the best and save you those excuses and unpleasant conducts unlike the limitation to where you can trade your gold assets just as said by you Op.

For me, I do not know what you are trying to drive through here. Costco is a place where you buy things and not a place where you sell things, so why are you trying to change the narrative in the case of Gold? It is you who are wrong here and there are countless places where you can easily sell your physical Gold without an issue. They will test it, weigh it and give you the USD value of whatever you are selling. So why take this as a big deal?

Alternatively, you can buy and sell your Gold online without any issue. Keeping physical Gold is even risky for you.

Costco will of course gain something from it because they might buy the Gold at the prevailing price which could fall or rise, this is the risk they take. And since they are not inflating the price, it is fair to add something to it, which is a percentage of the value in this case. It is not easy for them to be holding such physical Gold without gaining something reasonable from it and the 2% is very reasonable to me. Mind you, it is not fair to always compare online things with physical things. I believe that the company is okay, but it could be less elsewhere if you dig further.

Besides, the buying and selling of gold is as easy in my country as the way you buy and sell your currencies, I do not know why you make it look as if it is difficult in the USD. And of course, one can be scammed in any facet of life, Gold is not a peculiarity here, it is we who should go to the right sources. And if you must buy and sell Gold, why not try the Gold ETF? After all, you still have your mind at rest.

You've highlighted important aspects that every investor should think about, the resale process and the costs associated with buying and selling. While the convenience of purchasing gold at a place like Costco is tempting, understanding the full lifecycle of the investment, including how you’ll eventually exit it, is crucial.
Perhaps exploring more specialized investment services or platforms that offer buyback options and clearer resale avenues might be a better fit for your portfolio strategy.

I don't think it's that complicated because in my area there are many gold shops that want to buy in large quantities and that is a reason why people who are not familiar with the internet prefer gold as an investment.
The sales deduction costs are also not too big because usually you will only be charged according to a percentage of the gold price at that time. In the past I also had gold and when I wanted to sell it the costs were not too big and not as complicated as what you described.

The pawnshop is only the right place to store gold which is used by people in my area and they only use pawnshops for storage.
The escrow party acts as the owner of the gold buying and selling shop and usually they will follow the percentage of the sales amount made by the consumer.

It is very rare for significant price movements to occur in a short period of time for gold prices, in fact gold prices move quite stably with small upward movements and with a small possibility of correction.

I think the risk of investing in gold is very small so it is worth it with the possible profits that will be obtained, and I think many reasons why people are reluctant to invest in gold is because the possibility of profit is small and of course everyone has their own goals in investing so they don't choose invest in meas, and that's natural.
However, in my personal opinion, the most promising long-term investment is gold, and I have no doubts about that.

Gold is worth investing in the long term and it was profitable but a little bit far from the profit we possibly get from Bitcoin even just in a short period.
Gold is not just an investment, some people have used this to show their wealth and richness.

If we talk about risk, gold assures us 100% profit and I don't usually hear people get scammed from this. When it comes to legality, Gold is already had and many establishments/pawnshops accept this. Scams just happen when dealing with strangers but if we are dealing with the right person and at the right place, we're totally safe and secure.

The main difference between gold and bitcoin is I would say how much of it is realistically better to buy.

For example, if someone wants to buy gold and profit from it they must buy loads of it. It’s expensive but typically you’d have to buy it in forms of bar or something on the other hand with bitcoin you can buy it through satoshis which is a lot cheaper and much more accessible. Maybe that is why some people can’t buy gold, it’s because they literally can not afford it.

Simply put, if someone has a lot of money and is rich, they will choose gold because their priority is safety, the risk is not too large even though the profit is very small. Meanwhile, those who do not have much money and want to get rich quickly, bitcoin and cryptocurrency are the choice. They are willing to take risks to get rich quickly and besides, they don't find any other way to get rich faster than investing in cryptocurrency.

By the way, can anyone from the US verify what OP said? What OP said sounds like he was just trying to criticize gold and exaggerate about bitcoin.

the volatility strive towards getting its value higher than fiat though for gold as far as I know which kinda prove that its indeed a good investment to counter the inflation.
personally the only hurdle would be cashing the gold out turning it into fiat money sometime there's just so much process that make many people not interested in exchanging their gold for fiat if there's no substantial increase towards the value of their gold holdings.

if not for the fact that hold is quite "stable" in term of its value that it rarely tanked narrowly I think people will just instead choose bitcoin for the sake of simplicity but I know that there condition with investing in gold has been getting better this past year its not all about the traditional way anymore.

First you need to find out the difference between gold and digital currency. Gold is a metallic substance and it is one of the most valuable metals in the world. On the other hand, there are different types of digital coins and different types of coins that have investment opportunities. 

In most cases, investors usually compare gold with Bitcoin because Bitcoin is one of the most popular cryptocurrencies on the other hand, gold is a very valuable and popular metal in its own right. But although gold can be used for other purposes, I don't think buying gold can be considered as an investment. It's a different matter if you are a goldsmith and do your business with gold but if you think like that you will buy gold now and sell gold in future then I don't think you will make much profit. Because the price of gold does not fluctuate much, no matter how much gold you buy, at the end of a certain period of time, your capital remains the same, meaning you did not earn much profit from it.

The best way to buy gold is OTC (over the counter) is you can.  Regular bullion you should be able to trade someone OTC for right at spot price. That is a win for both the buyer and seller (btw the collectibles section here is a great way to buy precious metals OTC). Coins are a different story, but you might also be able to the same (OTC/no fees).

When buying online, you want to look at all the major exchanges like Apmex or JM Bullion, and just compare who's got the cheapest price.  Also, it doesn't matter if Costco would buy it back.  Plenty of other avenues to sell it.

Selling gold is the most easiest thing on the world even if it's physical form, you can sell gold anywhere in the world legally and the fees/taxes depends on States and countries where you are selling.

Gold ETF is good but buying gold gives the feel of financial security that lacks in others so if you have money don't hesitate to buy and don't be concerned about selling either unless we are talking in millions worth of gold acquired by illegal means.

Yes, the price of gold rises slowly which makes it a strong asset but not a good investment for quick profits. from this there is a possibility of getting a good amount of profit by investing in the stock market. However, in terms of security, gold is a safe investment because it is a physical product and its price does not decrease on an annual basis. However, investing in the stock market carries a lot of risk, which is why many people are more interested in investing in gold.  But if you want to hire gold, you need to hire more amount, then you will get good amount of profit. a small investment cannot give better results from gold

You seem completely clueless when it comes to buying gold if you're asking such basic questions. It's almost as if you're expecting the price to double in a couple weeks time and will want to get rid of it immediately. Most long term investors are looking for assets they will sit on for years and won't be bothered by things like a 2% fee. Nor will they feel the need to sell it back to the particular company that they bought it from. I doubt Costco is the cheapest seller out there either, you should do a lot more research as there will be other reputable online companies who can ship you gold at much closer to spot price. Gold is somewhat less volatile compared to crypto so it's a bit pointless comparing the fees involved.

I'm just going to say this: When a place like Costco starts selling gold as an investment while it's at its all-time high, run as fast as you can in the opposite direction.

2011 seems like last week to me, and I remember the massive hype surrounding not just gold but silver as well.  There was a chat board I used to frequent and almost without exception everyone there was a permabull, i.e., they'd advise that you buy precious metals at any price.  What happened after 2011?  A steady, albeit slow decline in the whole metals market.

If you want my not-financial-advice, now's not a good time to buy gold unless you're getting married and need to buy a ring.  It's a typical sucker move to buy something when it's at its ATH and doesn't really have that much of a function other than to sit and look pretty.

Are you just spouting words out of your ass or what?  Have you even looked at a price chart of gold going back more than 5 years?  I'm assuming the former and also the latter, so I only asked to showcase how unproductive threads like these are; they fill up with nonsense replies from sig shitposters faster than you can blink.

There is no investment that you may enter into that does not have a scam organization that want to destroy that particular investment before the existence of Bitcoin gold has already been into existence and many people has been trading good with the other goods and services so as of that time they trade gold, I believe very well that trading of gold that is some elements that involved in scam during that time that is why even in Bitcoin currently many people run a scam with Bitcoin

I live in Europe and I have never seen a supermarket selling gold bars. The USA is weird. ;D
I'm not interested in buying/selling gold, so I don't know anything about tips/tricks on how to not get scammed.
I've seen horror stories about some people buying fake gold from scammers, but I don't know if this is true or a lie.
Pawn shops are the best place to sell gold or maybe you should find offers about people wanting to buy gold on classified ads sites like Craigslist(these are not safe as well). There's always a certain level of risk involved, when you are dealing with someone, whom you don't trust.

I'm not from the US or Europe as well, but yes, it was very strange to hear that a supermarket store in the US is selling gold bars? How can you attest that what they are selling is 99% at best Gold? The closest that I can get my hands on this gold and become investment to me is gold jewelries. I have a 50 grams gold bracelet and others that I have been holding for years and yes it is a good investment as the price of gold appreciates. But buying gold bar? not for me though, I mean it's hard to transfer and then how are you going to keep it at home? Go to bank and have it in a safety deposit box? What if you just want to sell or pawn it at times because you need quick money?

Buying gold at a shop that sells physically is better than buying gold online. That is what I feel.
I understand that Costco is a supermarket that can buy directly as we can in the area where we live. The difference is that we can resell the gold we bought at the shop even though the selling price is not the same as the buying price. This is what is meant by charging a few percent when selling.

I have never experienced that after buying gold in a shop, the shop did not accept to resell the gold purchased and what we did was the safest way. There is another relatively safe method for investing in gold that we can do, namely doing it at a bank other than a pawn shop.
The process of buying and selling gold is not complicated at all at our place. In fact, to date, gold has become an investment asset that is in great demand. Recently, the purchase price of gold has increased amidst our weakening fiat currency exchange rate.

I might sound as a newbie, but is it really simple to trade gold as easy as it is to trade crypto or stocks? Lets take crypto for example. We have hundred of exchanges, both dex and cex. We have IRL crypto exchanges. We have telegram bots that exchange crypto. I am saying that we have lots of options to quickly and easy trade crypto. Can I do the same with gold? Can I buy it with few taps on my mobile? And in emergency case quickly sell it in a minute? That is the main reason what stops me from trading and investing in gold.

I don't think there's a trading bot or AI bot that will automatically trade forex, one of which is gold. The thing is, it is not a very easy thing to trade gold or in forex. From my experience, I first do forex trading, and after some time I notice that it is hard for me to trade forex, mainly gold, and switch to crypto currency trading, which I'm still doing right now. So in short, it's up to the person to decide what he will find easy to do, forex or crypto currency; it doesn't matter as long as you are earning from one of them, so based on my opinion, forex trading is much harder than investing or doing crypto currency trade. Note that I'm not using any trading bot or automation to trade; I'm mainly trading using my pure skill, knowledge, and experience, and as forex doesn't have those features, it will add that forex or gold trading is harder than crypto trading.

If you go somewhere without internet, how will you pay with bitcoin? Meanwhile, gold will easily do that. Many countries still do not accept and even ban bitcoin, what will you do if you live there or travel or work there? Meanwhile, gold is accepted everywhere in the world.

Come on, don't try to come up with ridiculous evidence to exaggerate bitcoin and slander gold. You and I, like many people, do not want to invest in gold because it is stable and does not bring high returns. Meanwhile bitcoin can help us get rich quickly with our little capital, we want to become rich quickly and bitcoin can do that.

Rightly said it is not right to slander anyone here it will depend on the individual's own decision in terms of investment. Both can be good investments but it is true that bitcoin gives higher returns than gold and the future is brighter. In the case of gold it takes a while to have its impact on the country's economy. No one has any influence on bitcoin the individual can do whatever he wants.

Selling your gold is not that bigger problem compared on how you will gonna stored it since it’s prone for physical theft that makes you uncomfortable when you leave your house without any people in there.

There’s a gold community which people buy and sell on social media. You can easily sell your gold investment buy lowering your price to the spot market price when you are already in profit.

This is the reason why Bitcoin is always the superior investment compared to physical investment such as gold because it’s feature of being tangible makes it more vulnerable to different attack that will give danger to you. In short, you can’t invest discretely.

True about the convenience with cryptocurrency but a gold investor can really find convenience with storing gold or sell if he or she have a good depth of the gold market. Every financial instrument has its own peculiar hassles, for crypto storage in a non custodial wallet the investor is faced with the challenge of how to safely keep his wallet seed phrase, just as it is with gold storage a lot of security challenges against theft or cost of storage in a financial institution like bank. For the profitable sell of gold, there are markets an individual can always sell his gold with a fair market price depending on the value of the gold, it just for you to do your research on the market and required procedures depending on your country.

Still less than what bitcoin ATM operators charge ;)
It's not that hard. I've seen jewelry stores that will buy your gold and they even list the bar manufacturers that they buy with no additional checkups. If you have a bar from a less known (not listed) company, you'll have to call them and leave the bar to be checked. If it's listed, you'll get cash in 5 minutes.

I don't have much gold, but selling it is very easy and only an idiot would go to a pawn shop to get half of what the market price is. One time, years ago, I found a gold earring and took it straight to the jeweler to ask if they'll buy it and they checked the marking and the market price and gave me that - their fee which for gold they consider scrap was a few % more than what they charge for bars.

I do not know what the problem is with buying gold, if in my country any bullion is served in any bank - from the smallest to the largest, and you can buy physical gold for almost any amount. But the trouble is that the selling price is very different. This is specially done by banks so that people cannot play on the gold rate when it rises and falls. And the benefit will be only when gold rises in price by about 15 percent. And very bad conditions. After all, the bank makes a huge profit from such conditions, and this is very bad for people.

Banks also offer to buy gold tokens in the app, but this is not physical gold. It is somewhat similar to the mechanisms of operation of ETF. But this is stupid, because the point of buying gold is always that you get your hands on it.

This is the first time I've heard of gold being sold in a supermarket, so I'm wondering if that supermarket might have security guards patrolling the store with automatic weapons? I assume that buying gold is not something that takes place according to the principle of buying an ordinary product from the shelf, but what kind of risk is taken by the person who buys gold and needs to transport it from the store to the place where it will be stored?


In some EU countries there are specialized shops where you can buy or sell gold, and there is also a service where you can buy gold online and then have it delivered to your address in an armored vehicle. When you look at how complicated and risky the whole process is compared to buying/selling Bitcoin, and how much less profitable gold is than Bitcoin, the conclusion is self-evident, right?

I am really in huge need to pay in Bitcoin without the internet, I would simply give you my wallet/keys/hdd or ssd.

I think you did not get my point (or I have explained it incorrectly). But to deal with bitcoin (does not matter if it is trading or investing), I dont have even make many moves. All I have to do is to do some taps on my mobile. And like I've said, I am no expert in investing in gold, but can I invest in it just by making few taps? Can I invest in it without spending much time googling? Are there places where I can buy gold with credit card in few minutes?

the best place to sell gold is right here on bitcointalk.

https://bitcointalk.org/index.php?board=217.0


plenty of good buyers on that board. myself included. although I am pro silver not gold.

With Gold and Silver it's about managing the overhead, the points above spot.

I work with my local shop and they buy back at spot pretty easily.

Gold bars (10oz 5 oz) are a pain in the ass, because it's allot of money for the buyer to have around and you could take a bigger bath when you need some money and the market isn't so great. smaller divisions generally cost more over spot but I easy to get rid of.

I like to buy silver coins from individual at spot or below or when times are not good. If I ever needed to horse trade some gas or food silver would be much easier to trade. And always have some cash on hand as well.

Kevin Oleary last time I heard was in about 50% physical and 50% digital on gold. Seems smart.

Here in the US I have both Gold and BTC in my IRA (retirement account with tax perks). It has a purpose.

Never have all your eggs in one basket, so foolish.

I am astonished how easy it is to buy gold in the US. I should dig more into this, but I think that in my country you have to meet a series of requirements in order to be able to buy something more than a little ring and things like that. Although, if I'm not wrong, you have to be a member in order to be allowed to buy at Costco, aren't you? so can take the KYC at least for granted.

Be that as it may, I can't imagine myself going to the supermarket to buy gold bars in my country anytime soon...

Costco is a big company, why would you get scared buying gold from them, you're thinking about this the wrong way if you ask me, you should be praying that they sell you fake gold for the price of a real gold because that's going to net you more money than you'd ever get out of gold because that's lawsuit that they wouldn't be able to win, they've basically committed a fraud on you and others which might lead to a class action lawsuit that would generate you more money so buying gold in costco shouldn't be a thing that should worry you. Also, why are you buying gold anyway? Bitcoin's already a better option.

maybe diversifying his wealth. whether there is war and no internet, it's gold still that will be a better currency as the paper money will have no value by that time. i think buying at least a few pounds will give you a higher chance of survival in times of apocalyptic events.

stocks and Bitcoin could be seized depending on where the user keeps them. but so is gold. governments today are seizing assets already. i think we are going to this direction as well. invest in gold and bury it somewhere.  ;D

buying from costco at a 2% premium is good.

your cc likely has 2% cash back


keep the receipt and the sealed bar in a stainless steel bento box.


https://www.amazon.com/gp/product/B09X2RR6F6/ref=ox_sc_act_title_1?smid=AIW3ELUIMUT4F&psc=1


you can fit quite a few in this box.

https://www.costco.com/1-oz-gold-bar-pamp-suisse-lady-fortuna-veriscan-new-in-assay.product.4000186760.html


if you want gold get one and hodl it in the bento box.



I don’t hodl gold I prefer silver.

If I wanted to hodl gold I would buy a bar from my local costco.

The problem with gold during wartime is that it's eventually going to be confiscated by the government if the country that you're from is going to participate in the war theater, gold is the best guarantee of payment for the production of your war machines so it's not really the best one to use when you want to secure your wealth, maybe if a war that doesn't have any chances of going nuclear is the one thing that happens, you're better off investing in war bonds or something like that, they're the IOU of the government distributed to the people.

I don't get the need for survival in apocalypse or apocalyptic events, a lot of us will probably lose 90% of our will to live and it's weird to me how we're conditioned to believe that it's the opposite that's going to happen when an apocalypse happens. If you're struggling to live now, how are you going to be any different in times like that?

here in our country, it's not difficult to sell gold, as you said, we usually go directly to pawnshops because they often accept gold items, but they will buy it from you for a low price, so it's your choice whether to sell it at a pawnshop or to other person who collects gold, especially now that gold investment is popular here, many people are interested because it is very easy to buy it as long as you check carefully and see if the carat and gram weight are correct because there are other sellers who sells fake items to their customers.

You are right in what you said, it would be easier if we just invest in ETF but not all of us are aware of digital coins, investment using crypto or other things that are digital, because there are many of us who have not really kept up with what what other investors usually do.

If you read Op's explanation you will understand that he wanted to buy gold from a supermarket but apparently the supermarket only made sales and would not buy gold back, I think he will find a place to sell it based on the company that issued the gold, because in my country If you want to buy gold in physical form, it will be registered with a certificate so that the gold owner can resell the gold to the company that issued the gold. Likewise, when the gold is in the form of jewelry, many shops accept buying back the gold but the value will decrease when there is no certificate.
Gold seems to only be an investment for many older people.
Currently we can invest in gold but don't hold the physical thing and I do that, but don't ask about the comparison with Bitcoin, it's very far away, Bitcoin's price changes are much better than gold, but those who haven't followed Bitcoin's developments since the beginning will find it quite difficult to choose Bitcoin as an investment.

I feel like that's exactly why people do not like it? I mean there are other reasons as well of course, but if banks control it then they could make it go up or down whenever they want to. Imagine a bank that has the right to put a big rate difference, meaning that you buy and sell at very different prices so the difference is their profit.

If they are capable of doing something like that then what makes you think that we are not going to see banks end up with manipulating the market as well? That's why people just don't want to end up with anything major like that and just want to avoid it as much as they possibly could.

What should scare you from investing in gold is that it’s a prehistoric rock with an unknown supply cap. It doesn’t go up that much, you’d be lucky to make 20% profit over 10-15 years. Gold was a good investment 100 years ago, in the modern day Bitcoin is far superior.

I also think that way. He could still try even if he had difficulty buying or selling it.
But it all comes back to the decision because we are in different places. If gold is not easy to buy and sell locally, he might want to consider other types of investments.
However, we know that many people have invested in gold for a long time, and the price of gold tends to remain stable now. But if he is still in doubt, he can just invest in bitcoin so he has an investment for his future.

Actually investing in the gold not easy as our imagination depend physical gold investment or digital, some place have difference rule based on my country marketplace for selling gold with difference place or difference kinds of gold has difference values and has some market not acceptable if not their own gold. Its the same with OP case some market just available for buying only and get difficult for selling it later and another problem with physical gold investment get charge or fees every time transaction between selling or buying and its too much expensive in my local market place.

For investing with digital gold very difficult looking for the trusted site or place with have gold offer investment, so far I don't know which one place offer and trusted with gold digital for investing and have been operation or longer time.

What scares me is the inflation and gold not being able to overcome that, nothing more than that. Inflation is high, and gold usually doesn't go up that high, meaning, if inflation is 7% and gold goes up 5% then it means we are not seeing it go up enough, while you are richer than you used to be on paper because your amount seems higher, the reality is that you are actually poorer because of inflation. Now imagine this but every year for 20-30 years, then you will realize why it's a bad investment.

I prefer bitcoin, because while there could be years when it's down, when you look at 20-30 years into the future, I am sure that it will always be higher than inflation, you will actually be richer and not just on paper.

There are surely companies and businesses that are into buying gold, or providing loans equivalent to the value of any gold or valuable you provide. You cannot expect all the business selling gold to also be buying back.

Investing in gold is a choice, and it is not like that there are no other investment choices. If you want to buy gold, you just have to have a good reason and also be ready for all the fees involved.

The issue with gold is that it can take decades before it moves at a high speed, and during that time gold will not be able to beat inflation and it may even remain static, making it way worse than just holding your fiat, as if you want to sell it you will have to take a loss when you do it, decreasing the amount of money you can get for it even further, and to this we must also mention there is a lot of fake gold out there that looks just like the real thing, and if you were to buy one of those counterfeits you will have no chance to get your money back.

You could sell your gold easily for sure, it is just a matter of how the value of gold increases, if you're going to buy some kind of gold jewelry you could easily sell it off at any moment but if we are going to compare the increase of the value of Gold to Bitcoin, Bitcoin was surely going to be on the top, but the thing here is Diversification, every investment for sure is going to include risk, If we are just going to invest everything on Bitcoin and it fails then we are going to lose everything, So if you are already well invested on Bitcoin it wouldn't actually hurt to invest as well on Gold, you never know you might make a good profit on it as well, I like buying gold jewelry I mean it holds its value for sure, plus you could use it as jewelry as well.

Still, let's not degrade gold, I mean I've watched a lot of people online hold their gold and then sell it at a much higher price compared to how much they bought it probably ten or more years of holding it. So it's not actually a bad investment as long as the market value is gonna go well for you, you're going to make a good profit out of it if you are lucky, nothing is guaranteed so there are always risks on every investment.

Investing in gold, especially physical gold, is for the future. I think that cutting costs when selling is not a reason because the costs are quite small and gold is also likely to increase in price in the future.
In my country, it is the same as you said, not all places accept sales of gold except for places in our area where we buy it, but I think that can also be used as an excuse or fear because investing in gold is for the future and I think it is quite safe.

Buying Gold ETF is like buying cryptocurrency on CEX and never withdrawing - You don't really own it, you just have a receipt for it.

Gold is not about being profitable, it's about preserving value in a long term and it's doing it perfectly.

I prefer cryptocurrencies over gold because It's harder to steal (if your OpSec is good), easier to travel with and to trade.
That's why I traded all my gold long time ago for cryptocurrency.

From an investing point of view, I always preferred to buy something I can have fun with while holding it like Rolex/Patek watches or classic cars.

This is an obvious reason, because it is quite difficult for anyone who buys it.  There is no profit later when making a sale because Costco does not provide resale services.  There will be a larger reduction fee if the sale is made in another shop, investing in gold bullion is clearly not recommended if it comes from that shop

If selling gold is what go you discouraged then that is an easy part to solve, they are lots of stores that still buy gold till date and many investment vehicles that can allow you to invest in gold, but from what i see you probably wanted to bug some godl chain and consider it an investment, and that is hardly how they invest in gold.

More over gold is more like a store of value kind asset that an investment cause gold has quite reached its maturity and does not give much profits this days, unless you have a huge capital to invest, and having gold can be good too if you want to pay for something without using cash.

the op has made a thread so bad it is good.

the op has missed every point of why you buy gold.

the premium on gold at Costco is low. 2%
use a cc with discount points the gold ends up at spot.
Costco is safe to buy gold
selling gold is easy pease right here at bitcointalk.org a huge section of buyers that are good.

to anyone that wants to buy a few oz worth of gold to hodl for a decade thank the op for his thread.


I wonder if Costco paid him to write it. :D

Why buy through banks in the first place? Aren't there private shops and merchants available in your country where you can go and buy physical gold by paying cash? This should be a possibility, but even if you do that, don't think that you are going to get a buying rate that matches the selling rate because merchants will sell at a different rate and then buy at a different rate, but there wouldn't be a difference of 15% or higher and you can easily get some profit if the price of gold goes up a little bit.

You are right that I don't find anything wise in buying digital gold where you don't have access to the physical assets that you own, it is better to invest in Bitcoin instead of doing that then because you will get more profit from Bitcoin in that case.

The difference between buying and selling physical gold in shops and traders is not too different from the estimated world gold price, this option is better than buying gold bullion or digital gold at the bank because they have set a high selling price and buying at a lower price, they only offer convenience but their program is detrimental to society. I doubt the bank's security system because several reports of customers losing money in their accounts, but the bank is not willing to replace customer funds and they seem to be avoiding the problem, so this condition raises public doubts about banks to store assets, whether it is savings or digital gold, but I choose to store physical assets at home or the second option to convert to crypto assets to be stored on a hardware wallet.

Exactly, it's good to make gold an investment that you can keep for quite a long time. If you have gold that you own, it will have high value. When you have gold that is physically intact, it will have the potential to be very expensive, but if the gold you own If you only have it in the form of jewelry, the price will depend on the shop as you said before.

Exactly, people just need to understand how to invest and they are so short sighted that they don't understand how to invest and how to make it valuable. I usually don't prefer buying physical gold because I have to keep it secure and sometimes greedy shops charge higher commission/wastage fee if you want to sell it. I rather prefer gold bonds which is like online gold and we can sell them off anytime at the market price and there are so many plans which offers you to invest in gold and they will keep it secure instead of buying physical gold.

Well, what can make people to invest in gold could be for a couple of reasons, majorly people used to see this as an opportunity to invest or rather save their financial asset to provide them against inflation and deflation. Secondly, owning a gold can also help one provide macroeconomic uncertainty. Because of the longevity of the market against inflation as well as it's great value over the long period of time. But when it comes to investment with the intention of making profits, then one should head straight over to bitcoin investment whether through the DCA approach or the Lumpsum.

I just have to continue from where you stopped and add that gold reserve is the oldest and most secure way to ensure that one has a good return any time in the future, spanning into generations that either inherited it or were gifted it, in any form it appears. It doesn't rely on internet or wallets to be kept safe.
Even world power countries would have to have a good backup of gold reserve incase of war and critical emergency that may require much more than money can afford at the moment.

Bitcoin is an interestingly wise choice of investment that sure promises much more profit in the long or short run and without much stress of looking for a pawn shop or broker to conclude on sales prospect before even sorting buyers for it.

That's right, of course everyone must be able to understand well the investments they make because without properly understanding the investments they make, of course they will be very unlikely to make a profit from the investments they make, what you do very well will indeed be very easy. to invest in gold online so we don't need to think about a safe storage place and it seems much easier to sell it, but we have to really understand it well so that we don't make mistakes in making purchases that result in losses.

i don't know that there are gold sales places where you can buy gold there, but you can't sell it there, the fees are also quite expensive, around 2%, and there are still people who want to buy gold from places like that. because in my country, here the place where gold is sold and bought only charges a fee of 0.1% for each transaction and people will be able to directly trade their physical gold directly there without any conditions, the most important thing is that they bring a certificate of validity of the gold. i think that gold trading should be this easy, because it will really help investors who want to buy gold.

When it comes to investment, people think of land, gold and BTC first.  But there are some problems here.  Normal people can't sell gold at the price they buy. Because the price at which gold is bought goes down a bit while selling and faces some problems. So I would say to invest in land and BTC. Land prices are increasing day by day.  And BTC is the most trusted medium to invest in. Here the money is safe and the expected profit is also possible from now on.

investing in gold, even though it might spare us from the inflation unironically sometime the whole system just doesn't really work in the favour of us.
reselling gold is a pain, i mean its great knowing the gold chart whereas our asset aren't tanking in term of value but instead keep rising because its the norm that gold could spare us from inflation so it kind of fulfilling its own rule due to suggestion of people but sometime the liquidity is what gold is lacking.
the shop that sold gold bullion are also trying to reap as much profit as they can not from the market rate but from trying to charge fee to whomever out there trying to liquidate their gold its just silly.
hopes that there's easier way to deal with liquidity in gold market but I know that investing in bitcoin just more simple for me and more profitable too.

Buying gold is good but for me it works best as a long term investment. Since it is a physical asset I am afraid to have it in my possession as we all know that it can be misplaced, robbed or even worst it could be lost. I also having a hard time selling it at spot price when I needed money because it's not how it's sold here in my place that is why if ever I had one better to hold it long term.

the gold that costco sells are physical gold which will have less liquidity in times when everyone is also struggling. when you need to cash it out you may find it hard to find some buyers for the gold you have making it useless still. but sure you can find someone when you sell them for less which i guess makes investors scared to buy.

in the times of digital age, its always the digital assets that will work for us which are cryptocurrencies.

I watched many Youtube videos on the Dubai Gold markets and how even in a country like that with very strict laws, scammers still operate.

Now, if that is true... how bad will it be in countries where there are less strict regulation and law enforcement.

You also need to be able to test the quality of the Gold and hope that the centre of the Gold bars are not filled with lead or iron or some other cheap metal that are mixed with the Gold.

It is simply too tricky for the average investor on the street to buy Gold.

Yeah its not started today but it's more of a general rule that whenever you buys something it's of a high price but when you sell the same thing even without using it it will be sold in a lesser price then of what it was bought.

But don't resell it to the same medium you bought it from e-g if you bought it from a dealer then sell it to another person not to a dealer again.

My wife and I bought some physical gold in 2015 and so far that investment has almost doubled my profits. Although I have no intention of selling them yet because I don't need the money urgently and have no need to use them yet. But I bet you that I could sell all my gold in just 10 minutes without any problem. I believe you have never traded gold and you don't know what you are talking about about gold. It's ridiculous to think that gold buyers will have to sell at a loss while the price of gold has doubled compared to many years ago.

On what basis do you consider bitcoin the most reliable investment? I dare to assure you, you and I are investing in bitcoin just because we have too little capital and we want to get rich quickly with it, nothing more and nothing less.

You like many others, only know how to look at the volatility of bitcoin, look at the profits that bitcoin brings and evaluate it as the best investment. But is such an assessment correct and objective?

Your points number one and two lie in why you should invest your precious money in Bitcoin instead of gold. Since Costco will only sell gold but never buy gold from buyers and deducts a lot of charges on the spot price which is much higher than the cryptocurrency exchange. It would be wise to invest in cryptocurrency instead of buying gold. Another reason to invest in cryptocurrency is that the process of buying and selling it is very simple and less expensive than others.

There are many ways to sell gold, but limited opportunities. The physical gold is still very much worth buying just that it'll be more profitable for people starting a jewelry business. Imagine investing in tons of real gold from wherever buying in bulk definitely means less amount spent. Then afterwards you hired goldsmiths and made beautiful accessories. That's some business idea.

The thing is, of course, not everyone's going to want to sell their gold like jewelry, so how about selling it to jewelry businesses, yeah? That's what they want, and they'll pay to get it from you. I'm sure Costco isn't the only gold-selling place in the world... So don't let that bad experience discourage you. Gold is really some profitable thing to buy and keep.

Gold has been rising for 20 years now, not without reason but if you are buying right now its quite late and unfortunate if never having considered a trade or hold before this time.

Gold has been a net buy by central banks for decades mainly I would be referring to China who had no reserves and were not trading with the West properly decades ago.  Obviously anyone who has not been in a coma knows aot of things are made in China now just like HK & Japan  used to mass produce alot directly.

Far easier to miss is that China is divesting its Dollar bond holdings and buying gold.  Japan holds a trillion but none of these are secure long term imo.  China is not just buying gold but is the worlds largest producer of gold for some time.   I dont especially want to rely on anything China does with its force of a military dictatorship as that is not a true market.  It is true in general Asia respects gold but western culture has noticed a trend and come to this a bit late.

Gold will do fine but its a commodity market, 10% can be lost in a day easily it wont be all gains never is.   People may not appreciate that, the cheapest way to own gold is from the large miners; I dont consider that too risky especially.

Gold is very easy for armed robbers to have access, because they have idea on gold and they know where to find them when they break into your house, and there is no way you can escape them not to steal the gold from you.

Some time, it is the people you informed that you hodl Gold in your house will gang up to ensure they collect the gold from your hands by force, and if you drag with them, they can take your life and still steal the gold from you.

That is why many people are converting their money into BTC to be able to hodl them long, and it will be difficult for armed robbers to have access to BTC and withdraw them from the wallets without be caught by the police in the environment to teach others thief lessons because it will take them time before they can get the seeds phrase and the person password to withdraw the BTC.

It really makes sense what you say about storing gold assets, because gold is a form and is easily visible and can be known by other people and, most importantly, when stored, it is prone to actions that could be detrimental to those who hold it, especially at home.
However, if assets are transferred in crypto as an investment, it will clearly not be visible in real form, and you will not be able to do anything with the assets you own other than knowing the phrase or passkey. At least it would be more difficult than tangible gold to be possessed by unscrupulous actions.

Is it really that hard to sell gold bars in the US? I mean, are there specialized places for selling gold jewelry and bars? When I search online, some trustworthy dealers come up, like JM Bullion, APMEX, and American Hartford Gold.

In my country, it's easy to buy and sell gold jewelry and bars. You just go to a jewelry shop, and if you have the receipt, selling is simple. If you lose the receipt, there might be some verification needed, depending on the shop's policy.

I think gold is a good way to protect your money from inflation since its price isn't as volatile as crypto. So there's still a good reason to buy gold, especially gold bars. CMIIW

References

• https://www.cbsnews.com/news/where-to-buy-gold-bars-coins/ (https://www.cbsnews.com/news/where-to-buy-gold-bars-coins/)

Gold is a good way to make sure that you can easily get some emergency money and gold despite not being close to bitcoin in terms of growth, gold actually sees a steady growth so I wiuld probably buy that if I was in your position but I don't recommend going overboard because the fact that you could've just went with bitcoin instead of gold would make you stupid if you go all in with gold, diversify but don't get tunnel vision on one investment just because it looks cool.

I think Gold used to be a good investment but it just simply doesn’t provide high enough returns any more to interest me. We’re here on a Bitcoin & cryptocurrency forum, Gold is a boomers investment. Bitcoin is here to take over, I see no reason why anybody under 50 would want Gold now.

Not everyone can buy land for investment because the price is quite high for those who have minimal finances and they prefer gold for investment and the price is more affordable for them. Selling gold is not like land. We can't set a high price to sell it. We can make a profit from the gold we buy by storing it for a long period of time, but the profit does not match expectations with a long storage time.

I used to believe in gold as an investment as time goes by, but now I'm not really interested in investing in it anymore. I am more interested and safer in storing BTC. There are many things that I fear about storing gold at home, if we are traveling and our house is empty, we never know how thieves will get into our house and if a disaster occurs in our area such as a flood or a devastating earthquake, it is very difficult to find its existence

The point of having gold as an alternative is when there is no internet. Although I'm also more of BTC, i will still need to diversify to still profit.  You can just dig a hold for your gold, it doesn't necessarily like having 10 kilos of gold. You can just buy bits of it like 1 ounce of gold which right now is more than $2k.

1 ounce of gold is easy to hide. Just shove a stick and put in. Just remember where and make sure no weirdo is going to tresspass there with metal detector.

I don't know if real estate business still counts as land investment but I would like to say that that's another interest section to invest although not many people are aware of the section, it's yields alot of profits and alot of wealthy people today are quietly into real estate but the only issue is that it's not exactly easy to get into like Bitcoin where one can even start his investment as low as 10$ every week through DCA method.

One should never invest in only one asset as it will be too risky for him. for this it is a good plan to invest in multiple assets and it will reduce the investment risk a lot. In this case it is better to invest in various potential things like gold, real estate, bitcoin, agriculture etc. Yes, Bitcoin is a well-known and popular investment asset in the current digital age and it is a must-have investment asset to start with in small amounts.

By having several types of investment, of course this is very good if it can be carried out correctly and is profitable for us, but the most important thing is that we have a good understanding of the investment that we will carry out so that we don't lose the capital we invest, for now we invest in Bitcoin is very popular at the moment and we can start with an amount that suits our abilities. If we can do it consistently, of course this is very good for preparing us for a better future.

the problem with these multiple assets is that when you are just a regular person an extra couple of hundred for the month is not going to be reasonable. people couldn't afford right now, barely even paying rent because of the economy.

i would still suggest investing in a small amount of gold and BTC, these are the only that one may need to survive a depression while its value is going to increase the longer we hold.

I understand the point of (OP)'s post, which suggests that buying gold from Costco may not be the most profitable option. This according to the OP is influenced by Costco not offering a buyback option when selling gold, and the fees associated with purchasing gold from Costco are relatively high compared to the fees charged on most crypto exchanges for buying or selling bitcoin. OP also suggests considering other options, like a pawn shop.

Although pawnshops may be an option for selling gold, in my opinion, there are several things to consider before deciding to sell gold to them. First, pawnshops usually offer a selling value that is lower than the actual price of gold on the market.

So, looking for other alternatives may be better if you want to get a higher value for your gold. In addition, on this occasion I advise you to consider selling your gold to a local jeweler or gold dealer. Some jewelry stores may offer better prices than pawn shops, especially if your gold is in good condition and has high aesthetic value.

This is something strange if there really is this incident, because usually the golden seller will be willing to accept what is bought from him. Usually there is an option because the seller still benefits from the purchases made. Naturally, if this is compared to what happens to Crypto, where all transactions can be done and are more flexible.
I think the option is not good when selling it to a pawnshops because he is only looking for profits from every transaction that occurs and the price is cheaper than the market price.
Instead, I agree with you In selling to the gold shop because it will usually be more fair in judging and providing the price of gold that will be sold.

There is nothing wrong with someone wanting to own gold in this day and age, gold is still the asset considered the best inflation hedge and safe haven. That was most clearly shown during the recent inflationary period, when crisis and inflation attacked the world economy, gold continuously increased in price and was always the top choice of the Government as well as billionaires.

And the reason we choose bitcoin is because we want to get rich quickly, we don't have too much capital and we want to become rich with our little capital. It is true but many people are trying to hide it and are starting to criticize gold and real estate, assets that they seem unable to own.

Having gold physically is risky. Very much. I know you already know this, But then why do you have to invest in it when you could invest in digital gold? There are project who’s token is like buying gold, it will be the same price as what’s in the market and when you do that, they buy the physical gold so it backs the digital gold you have. This way you can hold it for long and choose when you wish to sell depending on the gold market.

Really! I don't know it's difficult to sell gold or maybe it depends in your country. If it's super easy to buy gold, it should also be easy to sell them. I have not purchased gold before and I don't even know the best places to buy or sell gold in my country, I only know of one place where you can exchange different assets, you can sell different currency including gold too but I don't know if they sell and buy gold with the normal rate of gold in the real market.

The majority of people modest savings and the usual pension possibility to invest should probably looking for the cheapest index trackers with low fees.   In theory all sorts of ideas are good but most of us wont be skilled enough to justify the extra cost of dealing via fees.   Indexes can include gold mining firms which just like oil firms have massive reserves that gain value in times such as now.   

 I find I can trade in and out of a fund with greater ease and less cost and just trading the peaks and lows can be very profitable, its also hard to do of course.  I find thats enough challenge for me most of the time.