Where do you keep your Savings?

[Muzna]

Re: Where do you keep your Savings?

@queer

have you bought any gold? or know anyone who buys gold as an investment?

afaik, when you buy gold, you pay upwards of 2% premium over market rate, and when you sell, you get paid anywhere from 60-80% of market rate. sounds like you lose 22% of your principal right away.

gold is at record high prices, and everyone and their grandma is recommending buying gold. sounds a lot like houses and 5 yrs ago.

gold is great as an insurance policy against a lot of things, but calling it an investment is equivalent to gambling if you ask me.

do re-check your figures.
hubby has invested significantly in gold and he did his homework…if there was truly this level of discrepancy then trust me, he would never have done it.
I believe it depends on whom you buy from and how much…and it depends on what you buy too…