Re: Where do you keep your Savings?
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.