What scares me from investing in gold.

[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.

It is only risky when it is not properly kept and their is information that you have gold at home that is when it is risky. Because the question is were exactly do you want me to keep my gold. If is not in my house some were safe that I can wake up to and get to see it everyday. It's a good suggestion and digital gold is not a bad idea but not everyone have idea on digital gold. Everything is about doing research and after proper findings have been made then that way you can carry out your plan easily. If you are buying the digital then backing it up with the physical one. So the information will determine what part you want to take. And you can freely decide what you want to go for.

Yes but you don’t know how information flies. And honestly, I don’t think I would want to keep such at home because what if someone finds it and knows that you own it? So unless your house is built to have a safe that no one can guess where it is, if not, it is dangerous. Armed thieves can come and take it all. Or they can even capture the owner because maybe they heard it based on how information flies. But if it is digital, no one would see it or find it. You can always back up the keys to the wallet and take it off from your gadgets so no one can figure even if they checked. It requires less energy and stress.

[Yukyzu]

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.

We have to wait for the right time and the right opportunity. The price of gold greatly depends upon the economic conditions of the world as well as the progress and development through which the country is going on.

So we should invest in gold when there is good market conditions throughout the world so that the price increase can benefit us and in this way we can have investment at the right time for the right profit.

It is true that the price of gold will really depend on world economic conditions, from what I know the price of gold tends to be very difficult to experience a decline and even if there is a decline it is very slight and if we choose to wait for the price to stabilize before buying it of course there is nothing wrong with that, but we have to save first so you can buy it when market conditions are good so you can make a profit.

[X-ray]

It is true that the price of gold will really depend on world economic conditions, from what I know the price of gold tends to be very difficult to experience a decline and even if there is a decline it is very slight and if we choose to wait for the price to stabilize before buying it of course there is nothing wrong with that, but we have to save first so you can buy it when market conditions are good so you can make a profit.

Honestly i think its not that gold price rarely have any decline, but usually its not as volatile as stock or crypto some people just ignore the decline but it definitely is there
below chart even shows the price statistic of gold over the course of hundred years you will see that funny enough the chart shows pattern that looks exactly like bitcoin, or other investment instruments in general, they always have similarity in such pattern, the only difference is that one investment is less volatile than the other but if you see the chart at wider time period you will see that its actually quite similar.


source : https://www.tradingview.com/symbols/XAUUSD/

if we are talking about the short term period of gold price in the other hand also have occasional price decline, but due to the big market cap that gold market is having, its a lot less volatile compared to other, also the firm believe that gold is the true currency by some faiths also have a big role here.
therefore ensuring the price of gold to be more than fiat, which also contributed by the fact that people have been believing that gold will always outperform money and keeps your wealth from inflation which sort of works like self fulfilling prophecy.

[eightdots]

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.

We have to wait for the right time and the right opportunity. The price of gold greatly depends upon the economic conditions of the world as well as the progress and development through which the country is going on.

So we should invest in gold when there is good market conditions throughout the world so that the price increase can benefit us and in this way we can have investment at the right time for the right profit.

It is true that the price of gold will really depend on world economic conditions, from what I know the price of gold tends to be very difficult to experience a decline and even if there is a decline it is very slight and if we choose to wait for the price to stabilize before buying it of course there is nothing wrong with that, but we have to save first so you can buy it when market conditions are good so you can make a profit.

If our investment choice is correct and we make our investment consistently, our investment can meet our expectations. There is a suitable time to enter into every investment. If we know how to wait long enough, we can find the right time to invest.

The price of gold generally does not decrease much. Since gold investment is known as a traditional investment tool, investors may wait a long time. It may not be a good investment tool for those who want to earn high profits in the short term. Gold is generally an investment instrument preferred by long-term investors.

It is always good to get some profit from investments when market conditions are good.

[bluebit25]

The other day I read an article about a certain citizen who wanted to disperse his money by buying 10 kilos of gold but he was caught while passing through the airport, maybe he didn't know about crypto when he was doing it. The only thing you need to do is remember 24 characters

But in the case of local physical gold, I have also witnessed many cases where gold dealers cannot buy it back because they are not licensed to trade gold from the government, so if you intend to buy gold, look for it. Understand more about the transaction/liquidity of that asset. We are not in an old age so there are many ways to choose to access gold, not always keeping it physically in a safe, while the existence of gold ETF helps us access this investment portfolio neatly.

[Sithara007]

Well... your concerns are mostly related to selling and also about the markup. I am not that worried on these points. I have both physical and paper gold with me. I have been investing in gold for the last one and half decades, and never faced any issue with them. In order to sell gold, you need to go to specialized shops. Supermarkets such as Costco may not be suitable for this purpose. And then about markup, it is high for all physical assets. But that is the price we pay for investing in a physical asset.

[CK485]

But in the case of local physical gold, I have also witnessed many cases where gold dealers cannot buy it back because they are not licensed to trade gold from the government, so if you intend to buy gold, look for it. Understand more about the transaction/liquidity of that asset. We are not in an old age so there are many ways to choose to access gold, not always keeping it physically in a safe, while the existence of gold ETF helps us access this investment portfolio neatly.

Investing in physical assets like gold is difficult to develop
for now to be more assessment for this, but there are several problems here. You can't sell gold because the purchase goes down a little when sold and it's not profitable for us and we have to review it and it's better to invest in things that easy to accept with the positive things we get.

[Xcode7]

Well... your concerns are mostly related to selling and also about the markup. I am not that worried on these points. I have both physical and paper gold with me. I have been investing in gold for the last one and half decades, and never faced any issue with them. In order to sell gold, you need to go to specialized shops. Supermarkets such as Costco may not be suitable for this purpose. And then about markup, it is high for all physical assets. But that is the price we pay for investing in a physical asset.

That's right, there should be no worries about investing in gold and in fact we should not only look at the negative side but also look at the positive side.
If we compare the price of gold, it has always been increasing, although slowly, and is able to cover all costs incurred when selling.
I am also the same as you, I have invested in gold for a long time and until now I have not had the slightest problem, in fact I have found it very easy to be able to sell it again when there is an urgent need and the process is quite fast.

[MissNonFall9]

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.

We have to wait for the right time and the right opportunity. The price of gold greatly depends upon the economic conditions of the world as well as the progress and development through which the country is going on.

So we should invest in gold when there is good market conditions throughout the world so that the price increase can benefit us and in this way we can have investment at the right time for the right profit.

It is true that the price of gold will really depend on world economic conditions, from what I know the price of gold tends to be very difficult to experience a decline and even if there is a decline it is very slight and if we choose to wait for the price to stabilize before buying it of course there is nothing wrong with that, but we have to save first so you can buy it when market conditions are good so you can make a profit.

If our investment choice is correct and we make our investment consistently, our investment can meet our expectations. There is a suitable time to enter into every investment. If we know how to wait long enough, we can find the right time to invest.

The price of gold generally does not decrease much. Since gold investment is known as a traditional investment tool, investors may wait a long time. It may not be a good investment tool for those who want to earn high profits in the short term. Gold is generally an investment instrument preferred by long-term investors.

It is always good to get some profit from investments when market conditions are good.

The right time right place and right analysis are very important for us to invest. And if we consistently take some time to discover investment areas to achieve our desired goals then getting success from there is pretty much guaranteed. We know that it is very pleasant to get what you want after waiting. So to realize this happiness we must plan long-term for investment.

[Minor Miner]

Well... your concerns are mostly related to selling and also about the markup. I am not that worried on these points. I have both physical and paper gold with me. I have been investing in gold for the last one and half decades, and never faced any issue with them. In order to sell gold, you need to go to specialized shops. Supermarkets such as Costco may not be suitable for this purpose. And then about markup, it is high for all physical assets. But that is the price we pay for investing in a physical asset.

That's right, there should be no worries about investing in gold and in fact we should not only look at the negative side but also look at the positive side.
If we compare the price of gold, it has always been increasing, although slowly, and is able to cover all costs incurred when selling.
I am also the same as you, I have invested in gold for a long time and until now I have not had the slightest problem, in fact I have found it very easy to be able to sell it again when there is an urgent need and the process is quite fast.

Gold has a market cap of over 15 trillion USD, almost 7 times higher than bitcoin's market cap, which means gold's liquidity is huge and faster than bitcoin, but it's ridiculous that OP is said he was having trouble selling his gold. Either he is complaining about the price and is unhappy about having to sell at a loss, or he is investing in bitcoin and making up stories to flatter bitcoin. I personally don't invest in gold but my parents have invested in gold for many years and have never had the problem the OP mentioned.
Gold is a globally recognized and legitimate asset, and is thousands of years old and is considered the most valuable asset as well as a safe haven. But it's funny how many new people invested in bitcoin in recent years and started expressing jealousy and badmouthing gold just to make bitcoin look better. But that doesn't make bitcoin any better or more beautiful.

I'm also a bitcoin investor, but to be honest, the fact that we're trying to talk bad about gold and real estate is a shame because it doesn't make other investors look better at bitcoin.

[Juse14]

..............

The right time right place and right analysis are very important for us to invest. And if we consistently take some time to discover investment areas to achieve our desired goals then getting success from there is pretty much guaranteed. We know that it is very pleasant to get what you want after waiting. So to realize this happiness we must plan long-term for investment.

I concur, timing, location and analysis fit are highly crucial elements of investing. Also— consistency in effort to unearth an investment realm that resonates with our aspirations holds pivotal importance. With meticulous planning and unwavering commitment, the odds tip more favorably towards success.

Long-term investments provide us the opportunity to better plan for our future and attain joy as a fruit of our labor and perseverance. When we take the correct steps towards achieving our desires, we are able to bask in the outcome with complete gratification.

Investing success doesn't happen overnight; it requires dedication and strategic planning in the long run. But not only through an instant rewarding manner will your financial dreams be actualized: in the absence of any miracle to make you rich, but by consistent effort towards achieving those dreams, you can find happiness and ensure your financial future is secure.

[Balmain]

It is easier to invest in a gold ETF to sell later. But when investing in gold, investors usually wish it to be physical, wondering why they should buy gold digitally when there is physical, but they usually do not think about the price difference until they have a sales experience. When you go to the jeweler, everyone will be willing to buy your gold, but the prices they give vary. I don't know, I'm not a gold investor, but since physically buying and selling is very troublesome and costly, I would definitely prefer the gold ETF.

[MissNonFall9]

..............

The right time right place and right analysis are very important for us to invest. And if we consistently take some time to discover investment areas to achieve our desired goals then getting success from there is pretty much guaranteed. We know that it is very pleasant to get what you want after waiting. So to realize this happiness we must plan long-term for investment.

I concur, timing, location and analysis fit are highly crucial elements of investing. Also— consistency in effort to unearth an investment realm that resonates with our aspirations holds pivotal importance. With meticulous planning and unwavering commitment, the odds tip more favorably towards success.

Long-term investments provide us the opportunity to better plan for our future and attain joy as a fruit of our labor and perseverance. When we take the correct steps towards achieving our desires, we are able to bask in the outcome with complete gratification.

Investing success doesn't happen overnight; it requires dedication and strategic planning in the long run. But not only through an instant rewarding manner will your financial dreams be actualized: in the absence of any miracle to make you rich, but by consistent effort towards achieving those dreams, you can find happiness and ensure your financial future is secure.

You are right nothing in this world is very easy to get. To get something we must sacrifice a lot, work hard, do a lot of analysis and prove the strategic plan which is used as the key to our success. When a person gets used to different types of plans and their implementation, it becomes easy for him to implement any plan or investment plan be it long term or short-term.
And those who want to gain something without hard work and effort or get something big then it is not possible to balance it, it can be understood by looking at the environment or people around us. One reason I think is that those who go to earn anything without hard work must do so by illegal means. And illegal income does not work for people. So for investment we should stick to constant practice and review past transactions or history. And applying the practical knowledge from these to investments will bring success within our reach.

[MarjorieZimmermanGinger]

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.

Isn't there someone else who will buy the gold even though the Costco you are referring to has no intention of buying it back when you want to cash out. It's almost the same as bitcoin when you buy on an exchange, for example, can you guarantee that when you sell it will be bought by the same person. What becomes a problem is when there are no more buyers because that will make the asset invaluable in the future, but as long as the supply and demand process is still there, I don't think there's any need to worry.

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.

There is always a deduction after the goods we buy, including gold or bitcoin, but maybe the names are different. I'm not too worried about this as long as there is a demand and supply process and if you are a little unsure about this then it's best to buy bitcoin that is guaranteed for any process. A simple choice, you can see the opportunities from both and it must be adjusted because we are talking about the benefits of the process we are doing.

[Albarq]

the price of gold is now high and the graph below shows the statistics of the gold price not decreasing much with the price stable, it is the right choice to invest in it for those who want to make a lot of profit.

[STT]

it's ridiculous that OP is said he was having trouble selling his gold.

I mostly agree but he is speaking from the perspective of a normal consumer.  The average citizen on the street is acting on hype but here the reason to buy gold is its a massive and ancient market, it will outlast us all no doubt.

  Selling gold wont be a problem exactly but convenience yes & there is a cost to both purchase and sale just like buying foreign currency will not occur without fees and the spread.   I would not go for bars personally, leave that for the millionaires.

If people want the lowest hassle then buy a standard coin made in gold.  The South African Kruger-rand is famous because they were the largest miner of gold for many years, theres a long line of people who want to buy your coins on the price for that day of course.

The British Sovereign gold coin goes back to Isaac Newton who was master of the treasury and established the rules for what would become the worlds global reserve currency long before dollar.  Of course it might make sense to just use the Dollar issued coins, they all have some variance but share the obvious trait of being gold.

Gold itself is a good market because its had a bull trend for 2 decades now.  Main reason is central banks are net buyers and the term of holding of most banks is forever.  Russia famously has a policy to never sell gold only their other assets, Venezuela is selling all gold they can but they are also a failed nation imo.

  China had zero gold at the start of the century and is now the largest producer and also buyer, due to their size they are attempting to avoid spiking the market by being secretive but they are big buyers of gold and sellers of US treasury debt afaik.

China is quite happy to buy failed gold mines because they know the true price would be far higher if all factors were revealed therefore the loss is only face value and gold in the ground reserves of a failed mine equate to a future profit to be made.  Thats my conspiracy theory for the day.

Selling Back Your Physical Bullion Coins & Bars

If you have gold, silver or platinum bullion coins and bars to sell, The Royal Mint will offer you a competitive buy back rate based on live gold, silver or platinum prices. We will quote to buy your coins and bars at 98% of our current gold bid price if stored within The Vault™.

Whilst previously we only offered the option to sell bullion which was stored in our on-site vault, we now offer investors the chance to sell bullion which was stored or purchased elsewhere. In addition, the bullion which you sell to us does not have to be produced by The Royal Mint, as we will gladly accept enquiries regarding coins and bars from other mints and refineries around the world, offering you both convenience and flexibility.

You will have the choice to either send your coins and bars to The Royal Mint using a track and trace delivery service offered by your local post office, or by hand delivery to one of our approved partners in London. For higher value orders, we may be able to offer a convenient collection service from your registered address.

So 2% either way is 4% cost round trip at least but you do get to stick your bars in the coffee table and show off I guess.  Its not my preference personally, alot of people buy gold jewellery instead and use it as security at times but I wouldn't know the cost ask Mr.T

[CageMabok]

the price of gold is now high and the graph below shows the statistics of the gold price not decreasing much with the price stable, it is the right choice to invest in it for those who want to make a lot of profit.

The question is, where is the gold graph you are referring to?
The price of gold is relatively stable every year, although this year it caused an uproar for everyone when they saw the price increase slightly more sharply than usual. I'm sure this is the influence of one country or company starting to buy up gold in larger quantities, which could cause a price increase that looks a little significant this year. Because without more purchasing power it will also be difficult for gold to increase even though your suggestion to direct people to invest in gold is also not bad for now even though the price is slightly higher than last year.