What scares me from investing in gold.

[electronicash]

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.

[junmisakiro]

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.

[lepbagong]

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.

[Marvell1]

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.

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.

[oktana]

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.

[Mrbluntzy]

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.

[STT]

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.

[lepbagong]

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.

It should be easier to sell gold than shares or property, because gold can be valued directly at the current price, and it shouldn't be difficult.
Selling gold is actually the same as exchanging dollars for the local currency, and it should be just as easy to do, but I agree with the opinion of the colleague above. Perhaps in each country the treatment is very different and that happens with op. So it will indeed be difficult to be able to uncover things and incidents like what was experienced, because in my country selling gold is very easy, and you can accept it anywhere.

[Vinaa77]

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.

It should be easier to sell gold than shares or property, because gold can be valued directly at the current price, and it shouldn't be difficult.
Selling gold is actually the same as exchanging dollars for the local currency, and it should be just as easy to do, but I agree with the opinion of the colleague above. Perhaps in each country the treatment is very different and that happens with op. So it will indeed be difficult to be able to uncover things and incidents like what was experienced, because in my country selling gold is very easy, and you can accept it anywhere.

It should be so that gold will be very easy to sell compared to other properties which take time when we want to sell it and there are not necessarily any takers if we need funds immediately and this is very different from gold which we can sell whenever we want even though there is a small discount when we buy it and I think this is very natural, choosing to invest in gold will give us a profit when the price of gold increases and we can sell if we really want to make a profit from it.

[beerlover]

It should be easier to sell gold than shares or property, because gold can be valued directly at the current price, and it shouldn't be difficult.
Selling gold is actually the same as exchanging dollars for the local currency, and it should be just as easy to do, but I agree with the opinion of the colleague above. Perhaps in each country the treatment is very different and that happens with op. So it will indeed be difficult to be able to uncover things and incidents like what was experienced, because in my country selling gold is very easy, and you can accept it anywhere.

It should be so that gold will be very easy to sell compared to other properties which take time when we want to sell it and there are not necessarily any takers if we need funds immediately and this is very different from gold which we can sell whenever we want even though there is a small discount when we buy it and I think this is very natural, choosing to invest in gold will give us a profit when the price of gold increases and we can sell if we really want to make a profit from it.

Yes true, you could even buy a house, and historically it is not "that" hard to sell a house, if you put it up for sale eventually you will sell it, may take a while but it will be sold eventually. But not like gold, you can sell gold instantly, right away, the day you want to sell it, whereas house could take days.

This is why it's smarter to invest into gold, but you can't really make much money from gold, not a lot, it moves slow, it has a good gradual increase in value and if you keep on investing into gold from age 23 until age 63 for 40 years until you retire, you are going to retire with a great pension. But storing it is difficult, and there are many other investments that can earn more, so that is why not everyone does it.

[AnonBitCoiner]

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.

Buying and selling physical gold is very easy and there are no complications in such a thing but one fault of selling physical gold is that you will not get the same amount of money at which people are buying because the selling price of gold is always lower than buying cost.

One way to get profit from physical gold investment is that if you buy physical gold and then don't think about its selling until it reaches your dream cost so if some amount is deducted then you will not be in loss because your selling price at that time will be higher.