deciding for the future
Successful investing is about the diversification and management of risk. In simple terms it means not having all your eggs in one basket. We know from history that markets can and do crash and if you are not diversified your entire nest egg can be wiped out. Investment in gold bars or bullion can be a sound investment is spread across the portfolio and not the main investment vehicle. Gold has and will always carry with it a certain status symbol.
One’s motivation for buying buy gold coins is fundamental to deciding in which form you should buy it. Are you looking to save, invest , or just speculate on the price of gold ? Are you looking to take a short view and speculate the price of gold for future investments? Are you investing for the short, medium or long term? Are you using the gold to diversify or as a form of financial insurance against unstable markets?
