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NFT: Best way to invest in gold

SLIM_ : 8/14/2022 5:47 pm
looking for input.

Depends on why you want to  
Jim in Fairfax : 8/14/2022 5:58 pm : link
Assuming it’s for investment diversification/speculation, a gold ETF is the easiest and most cost efficient way.
I'd agree with Jim  
ColHowPepper : 8/14/2022 6:05 pm : link
Just make sure you do some diligence. Certain ETFs may own 'rights' to gold, or rights to take possession, or other derivative forms of the PM but not the actual bullion. When physical bullion is most needed may be exactly the time that counterparties either can't make delivery or obligations to deliver are otherwise compromised.
Stock symbol GLD  
cjac : 8/14/2022 6:08 pm : link
Or if you want to buy physical gold look into Roseland Capital
For what purpose?  
pjcas18 : 8/14/2022 6:15 pm : link
simply as a liquid investment?

then I agree ETF.

If you're looking to plan for the apocalypse (no judgment from me) and have some diversity of assets for a time when it's possible traditional or electronic currency are not the preferred method of transaction then you want physical gold in your possession and there are many sources, just look for gold bullion on google.

Symbol IAU  
Spider43 : 8/14/2022 6:17 pm : link
It hasn't done jack for me the last few years. But it's a hedge, and it's one of the more liquid ETF's (the smaller ones don't have much volume). Don't look at gold as an investment but as a hedge. The stock market is still the way to go over the long term.
forget gold  
Giantsfan79 : 8/14/2022 7:01 pm : link
It's so last millennium. Put your money into crypto
Physical gold is taxed at 28% as a collectible when you sell  
Vanzetti : 8/14/2022 8:02 pm : link
Gold stocks are subject to just the normal capital gains tax

However, people who own gold just generally don't pay any tax on their gains because only sales of 10K or more get reported. (Or at least it was that way a few years ago when I last bought gold. Double check).

Obviously, you need a safe deposit box and make sure the bank is not located near wildfires, floods etc because if the gold gets destroyed, you get nada. In contrast, gold stocks or ETFs are safer if they have been around for a long time and are US companies.

When you sell the gold bars, the dealer is going to x-ray it to make sure its solid gold and not lead with a gold veneer. So only but from a reputable place.

As people have said, many of the advantages of owning gold no longer apply. It no longer really functions as a hedge because all the gold ETFs have turned it into just another commodity.

But nobody knows what the future holds, so I still think it is worth considering buying gold. It's cool when you see all those bars and know they are yours.
RE: Symbol IAU  
Bobby Humphrey's Earpad : 8/14/2022 8:22 pm : link
In comment 15780794 Spider43 said:
Quote:
It hasn't done jack for me the last few years. But it's a hedge, and it's one of the more liquid ETF's (the smaller ones don't have much volume). Don't look at gold as an investment but as a hedge. The stock market is still the way to go over the long term.


I bought IAU many years ago and agree it is a hedge / defensive play.
Coins  
FatHeadTommy : 8/14/2022 8:43 pm : link
Physical gold.
contact William Devane  
BillKo : 8/14/2022 9:14 pm : link
....

RE: Physical gold is taxed at 28% as a collectible when you sell  
SJGiant : 8/14/2022 9:28 pm : link
In comment 15780882 Vanzetti said:
Quote:
Gold stocks are subject to just the normal capital gains tax

However, people who own gold just generally don't pay any tax on their gains because only sales of 10K or more get reported. (Or at least it was that way a few years ago when I last bought gold. Double check).

Obviously, you need a safe deposit box and make sure the bank is not located near wildfires, floods etc because if the gold gets destroyed, you get nada. In contrast, gold stocks or ETFs are safer if they have been around for a long time and are US companies.

When you sell the gold bars, the dealer is going to x-ray it to make sure its solid gold and not lead with a gold veneer. So only but from a reputable place.

As people have said, many of the advantages of owning gold no longer apply. It no longer really functions as a hedge because all the gold ETFs have turned it into just another commodity.

But nobody knows what the future holds, so I still think it is worth considering buying gold. It's cool when you see all those bars and know they are yours.


I think the reporting requirements for gold bullion sales is down to $600 starting this year. However, please check my understanding.
RE: Physical gold is taxed at 28% as a collectible when you sell  
pjcas18 : 8/14/2022 9:33 pm : link
In comment 15780882 Vanzetti said:
Quote:
Gold stocks are subject to just the normal capital gains tax

However, people who own gold just generally don't pay any tax on their gains because only sales of 10K or more get reported. (Or at least it was that way a few years ago when I last bought gold. Double check).

Obviously, you need a safe deposit box and make sure the bank is not located near wildfires, floods etc because if the gold gets destroyed, you get nada. In contrast, gold stocks or ETFs are safer if they have been around for a long time and are US companies.

When you sell the gold bars, the dealer is going to x-ray it to make sure its solid gold and not lead with a gold veneer. So only but from a reputable place.

As people have said, many of the advantages of owning gold no longer apply. It no longer really functions as a hedge because all the gold ETFs have turned it into just another commodity.

But nobody knows what the future holds, so I still think it is worth considering buying gold. It's cool when you see all those bars and know they are yours.


only the profit is taxed (obviously?) and gold (in my experience) is not an asset that you buy expecting massive appreciation (though it can fluctuate based on other economic factors). It's generally an asset you buy (if you are doing so as an investment) because it's not likely to depreciate much. IOW it's generally stable.

it's thought of as a hedge against inflation
So should have said this earlier  
SLIM_ : 8/15/2022 7:21 am : link
Purpose is a hedge against inflation. It is money that I currently don't need, don't foresee the need in the next 5 years and am pretty well invested with retirement (I'm 51) and college (kids are 10 and 13). I also have a couple of income producing investment properties.

Am concerned with both housing and stock markets so don't have a particular want to invest more in there for now. I also don't want to see this money whittle away due to inflation.

I would think of gold/silver as more of an insurance policy  
terptacular : 8/15/2022 9:28 am : link
than an investment. Find a reputable dealer. Buy some gold coins...not a numismatic. Keep it simple, buy American Eagles, Krugerrands, Swiss Corona, Canadian Maple, etc.

I'd also recommend some silver coins.

You want the gold/silver content, you don't want to buy collectibles. Do not listen to those commercials where they talk you into buying numismatics.
.  
MOOPS : 8/15/2022 12:26 pm : link


RE: Physical gold is taxed at 28% as a collectible when you sell  
upnyg : 8/15/2022 1:16 pm : link
In comment 15780882 Vanzetti said:
Quote:
Gold stocks are subject to just the normal capital gains tax

However, people who own gold just generally don't pay any tax on their gains because only sales of 10K or more get reported. (Or at least it was that way a few years ago when I last bought gold. Double check).

Obviously, you need a safe deposit box and make sure the bank is not located near wildfires, floods etc because if the gold gets destroyed, you get nada. In contrast, gold stocks or ETFs are safer if they have been around for a long time and are US companies.

When you sell the gold bars, the dealer is going to x-ray it to make sure its solid gold and not lead with a gold veneer. So only but from a reputable place.

As people have said, many of the advantages of owning gold no longer apply. It no longer really functions as a hedge because all the gold ETFs have turned it into just another commodity.

But nobody knows what the future holds, so I still think it is worth considering buying gold. It's cool when you see all those bars and know they are yours.
I think if you're holding physical gold/silver...you're not worried about taxes. May be no one to collect them at that point.

Its the crap hits the fan moment, like when you buy MREs or have an underground bunker.

You need something to trade for gas or food, etc.
nothing like  
RasputinPrime : 8/16/2022 12:04 am : link
a 1.3M go bag. Don't wait to build one 70K at a time.
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