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Reply to "investing in physical gold"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I got gold coins once from a parent as gifts for grandchildren. I invested them by selling immediately, and putting the money into an index fund in their 529 plans. Gold has gone up like 5% total since then (over 10 years ago), so yeah that was the right move.[/quote] That sad. I still have the golden eagles my grandmother bought me in 1986. She’s long passed and I cherish those coins greatly. [/quote] I think this is how the hoarder mind works. Not saying you are one, but people who can't separate people and memories from things have a hard time letting objects go. I'd do what the PP said - convert to cash and invest. [/quote] I'd do the same with the ring that is likely sitting on your left hand. Nothing but minerals losing value by the day.[/quote]
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