I have really wanted to buy my first 1 oz gold bullion bar. The issue I am struggling with is the current price of about $1330 or more on average. I keep hearing that gold will come down, but I am not seeing that. I would like to see it closer to $1000 before I buy any. Am I being unrealistic?
Well, if you really want to buy a one ouncer, you probably should. It is no crime to buy a coin "just because you want it." What is a no-no, is buying a coin with funds that may be best used else where under the guise of "this is a great investment" So is $1330 a great price for gold? Probaby not, but if you want the coin, does it really matter that much? Probably not. Mike
I don't know. I bought all my gold when spot was higher and I feel no regrets and nothing terrible has happened because of it. But if it's going to bother you, then you should wait.
if you want one just get one. the current price isn't a bad place to start. might go lower but in 6 months I think it will be higher. you have to just start to start.
I bought my first gold bullion coin recently ...realizing that spot price may head much lower. For me, naturally I'd love to get "that killer" spot prices, but, realistically I don't need it (not investing- don't plan to sell). With sudden price moves downward, I suspect online inventory would dry up pretty fast and premiums skyrocket (requiring waiting to see what happens). So, I figure why not buy a little of what I want now... so long as I can live with the price. Otherwise, I wait.
why would you buy a gold bar instead of a coin? I believe in buying pre 1933 gold now that gold is in a dip. but everyone thinks differently
