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When I looked into this, the consensus seemed to be that the best form of gold, if you want to physically hold it yourself, is gold coins minted by reputable na
by philwelch 3y ago
When I looked into this, the consensus seemed to be that the best form of gold, if you want to physically hold it yourself, is gold coins minted by reputable national mints. American Gold Eagles, South Africa Krugerrands, etc. These trade at close to spot.
And a 1 oz Krugerrand or Gold Eagle is about $20,000. If you can afford enough volume of those that it’s difficult to secure them, you can afford to secure them.
- ggm 3y agoFunny story: when we bought our second house we found the previous owners had left high in a cupboard a small trumpet case containing a trumpet, a set of freemasons regalia and about 20 krugerrands. We took it round to the old owners new house and passed it all over. They seemed happy. I think I'd have struggled to keep it the law not withstanding. Three months later we found a box of (from what I am told, illegal, modified) small arms bullets hidden behind the wardrobe. We handed that into the police.
- AlgorithmicTime 3y ago[dead]
- AdamN 3y agoSort of. You want minted bullion. Usually they're capital gains free too. Nonetheless I don't think gold is a great investment for preppers or for just normal investing. There are also some very serious environmental/human rights concerns with gold that keep me out.
- netcruiser 3y agoIt's $2,000, not $20,0000 (I assume USD). Gold coins are pretty easy to come by in my experience.
- philwelch 3y agoYou are correct. My mistake.