Quote from: Beerwizzard on February 26, 2019, 12:04:54 PM

Quote from: markj113 on February 25, 2019, 03:10:34 PM

Quote from: Beerwizzard on February 25, 2019, 07:22:47 AM

The problem is that physical gold might be a pretty bad investment. If you have a gold bar in your house then you should carefully watch over it because any tiny scratch will cause a significant price decrease while buying a "virtual" gold still can't guarantee 100% safety during a financial crisis. Also in case of any military conflict even physical gold won't really help you.

Another example of someone that hasn't got a clue what he his taking about. Gold bullion be it bars or coins are valued based on gold content. Scratches, finger marks or dents make no difference. The only thing you need to keep perfect are proof quality coins.

The UK also issues gold sovereigns as part of air crew survival kits encase they are downed in enemy territory. I think they are a little more knowledgeable than you.

Then go try to sell bank issued gold bar with a scratch back to the bank for approximately the same price as you paid for it.
Maybe it doesn't work the same in all countries but the general rule still looks like that.

Yes if once you buy some gold and you store all of them in bank then after holding if you take It out for selling so it will not make profit for you but most of time it use to increase the value, so according to me investing your money is gold is not good investment and wise people never get back to this old system of investing our money.