- Jul 10, 2019
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Spot price of gold is around $1,830 per troy oz. Some people will tell you gold is not performing because it is only up 1-2% year to date.......I call BS because EVERYOTHER asset class besides energy is down 20-40% and crypto like 60%.
If you do a time line comparison of gold over the last 40 years it has outperformed the S&P 500 and if you do it against the DXY it has also outperformed......When the DXY subsides with the next round of QE which will come before next year. Gold is ALWAYS the first asset to skyrocket when the Fed starts QE which began in the early 2000's.....check out this chart.
GOLDPRICE.ORG -
Money managers hate gold because there is no fees for them in it although you do pay your dealer a premium....You can also buy "paper" shares for as little as 1/100 of an ounce and I own some for trading purposes but only physical for wealth preservation. Some depositories will sell and store gold for you BUT if you can't touch it is it really yours?
Whatever you decide to do NEVER....EVER store your gold in a bank safe deposit box.....ever.
Thank you for the info! Yeah all of my rounds/coins/bars are stashed in the back of one of my drawers....I never trusted putting it in a vault/deposit box like you said