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I wonder about the value of gold. You might buy gold, but can you actually, physically hold it and own it? As far as I know, the only way you can buy gold is i
by torgian 6y ago
I wonder about the value of gold. You might buy gold, but can you actually, physically hold it and own it?
As far as I know, the only way you can buy gold is if you either buy jewelry or are a jeweler to make said jewelry. Otherwise you’re just buying stocks which could theoretically be lost in the digital wind.
- rootusrootus 6y agoYou can definitely buy gold coins. I have one in my desk drawer right now, even.
- torgian 6y agoI wonder how much that is marked up, however. Compared to just buying bare gold, I mean. Obviously even bare gold would have a markup, but probably not as much as coins.
- reducesuffering 6y agoDepends on the weight of the coin, but 1+ oz. can be as low as 1% above spot (bare gold price), where 1/20 oz. can be as high as 10% above spot. So 1-10% markup for most purposes