Buying gold

Candystore

Candystore

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1. I am not sure if this has been dealt with on this forum recently ... I presume it is a good (stable) investment to buy gold? But how and where does one start? How does one track the value?

2. Also, my father gave my daughter a gold coin necklace many years ago, bought from the Mint. Where would one go to get this valued?

Can the answer to both questions above be places like https://scoinshop.com/ or are there other, better alternatives?
 
Buying Government Bonds is easier and safer. :)
 
"Good investment" has a very broad meaning - it all depends on what exactly you're looking for. Do you want growth in Rand value, or a hedge against loss in the event of a currency calamity? Two years ago gold touched USD 2000 per ounce; currently it's under $1690, but the nominal Rand price is largely unchanged. In other words, it's kept its Rand value (pretty much) but it's down in US$ terms.
You also need to think about things like physical security, capital gains tax, portability, ease of disposal, duration/period of investment, etc, etc. Everyone has different needs, is at different stages of life, and so on. So, we can't really answer your question without asking twenty other questions.
 
Scoin prices are apparently a rip-off.

To have an idea what the chain is worth just weigh it and check the current spot price of gold and you’ll have a fairly accurate value.
 
Candystore said:
I presume it is a good (stable) investment to buy gold?
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Not good neither stable. If you bought 12 years ago you would be in the red right now. Stocks can go down as well, but at least a lot of them pay dividends, where gold doesn't.

According to Buffet:

Buffett calls gold an “unproductive” asset, which, as defined in his 2011 letter to shareholders, means “assets that will never produce anything, but that are purchased in the buyer's hope that someone else — who also knows that these assets will be forever unproductive — will pay more for them in the future.”
 
Crankshaft said:
Not good neither stable. If you bought 12 years ago you would be in the red right now. Stocks can go down as well, but at least a lot of them pay dividends, where gold doesn't.

According to Buffet:

Buffett calls gold an “unproductive” asset, which, as defined in his 2011 letter to shareholders, means “assets that will never produce anything, but that are purchased in the buyer's hope that someone else — who also knows that these assets will be forever unproductive — will pay more for them in the future.”
Click to expand...

Dollar wise maybe but from a rand perspective you’d be doing well if you’d bought gold 12yrs ago?
 
airborne said:
Dollar wise maybe but from a rand perspective you’d be doing well if you’d bought gold 12yrs ago?
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I think that can be said for most offshore/US assets though? Eg. buying the S&P500 in a dollar account.
 
First, get a gold ETF so that a third party has to look after some of your gold.

Then get a few gold teeth and a gold chain so that you always have gold on you. Useful, if they run you out of town with nothing but the clothes on your back.

Lastly, for the ultimate in gold concealed on your person, get a gold dildo.
 
I agree gold is not a good investment but counting your gold KR and making little coin stacks sure feels good.
 
3WA said:
First, get a gold ETF
Click to expand...
that's the easiest, in South Africa the ABSA NewGold ETF by far has the most liquidity and can be bought via EasyEquities among other places

if you want a crypto shine to your "gold" you can look into PAXG

if you don't trust any counter party given that gold is essentially an insurance policy against the world going nuts you would want physical gold coins in your hands ... which means places like Scoin shop
 
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