5 Reasons Gold Has Been Real Money for 5,000 Years
Gold is sitting near all-time highs around $4,600 an ounce — and people are still buying it. Here are the five reasons that make sense.
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Gold is sitting near all-time highs around $4,600 an ounce — and people are still buying it. Here are the five reasons that make sense.
Gold is near $5,000 an ounce, so a lot of people are buying fractional gold — 1/10 oz and 1/4 oz American Gold Eagles — because that's what they can afford. There's a hidden cost nobody talks about upfront.
Everyone says GLD is the smarter way to own gold — cheaper, easier, no storage hassle. They have a point. But there's one thing the comparison articles don't mention.
Everyone thinks copper is the cheapest way to get into physical metals. When you run the actual numbers, it's one of the worst value propositions in the entire metals space.
I'm a Boglehead. Index funds, low costs, stay the course — that was my entire investing philosophy. I never thought I'd buy a single ounce of gold. Here's what changed.
Gold doesn't pay dividends. It underperforms stocks. The IRS taxes it at 28%. So why do I keep buying it?