Thursday, March 29, 2012

Buying gold - good idea?

Is now a good time to buy gold?

Many people buy gold when the future is in doubt.  Gold sales really caught fire as the economy melted down in 2008.  People were unsure if the future would have high inflation rates, so as a hedge against that, they bought gold.  Consequently, gold is near an all-time high now.

Personally, I don't think gold is a good investment.  Over the long term, despite the big run-up now and busts in other markets, gold returns a lot less than stocks, bonds, or real estate.

Now, if you have gold and have other goals, such as getting out of debt, I think it's a great time to sell.  Liquidate that gold and use it toward your other goals.  But buying?  I don't think buying at the top of the market is ever a good idea.

However, if you're looking to buy, be sure you're getting the most accurate price and have fees as low as possible.  Be sure to search all possible suppliers.  For instance, if you want to buy Golden Eagle coins, do an Internet search for "buy gold coins Golden Eagle" to get lots of vendor possibilities.  Be sure to check local sources as well.

(Disclosure: This is a sponsored post written by me on behalf of Golden Eagle Coins. All opinions are 100% mine.. Please see my disclosure policy for more information.)


Post a Comment

Next Post Previous Post Home
Content © 2010-2014 by Frugal Follies.   © Blogger templates The Professional Template by 2008