/biz/ - Business & Finance

>>54762512
Gold, let's see
$2,177.80 retail for an oz
$1,998.00 Spot price of gold today
So you are already immediately 8% down on that transaction.
Assuming you could get spot price.
So the instant you purchase Gold, you are in the hole. Hoping for the spot price of gold to rise so you can break even.

And the whole alluring thing about gold and silver is indeed that their price is rather stable.

This seems more like something that whales would do and don't mind losing 8% of their wealth for the sake of having wealth protection if they predict an economic collapse.
But for an average person this seems more like a hobby that like beanie babies the have some merit in telling themselves that one day it may make them rich, but ....will it though?