Is buying gold a good idea?

savings_my_hobby

gold is too expensive, buy some gold jewelry if you want to wear it, but as an investment leave it alone.

eskbanker

savings_my_hobby wrote: »

gold is too expensive

You'd probably be better to expand on that rather vague comment if you want people to understand what you're getting at, especially given the level of detail in the rest of the thread.

Do you mean that (in your opinion):

• It's at the wrong point in its cyclical historical valuation
• The minimum purchase price is too high (for coins or bullion?)
• The costs of physical storage, insurance, etc, are large
• The buy/sell spread is too wide
• Something else?

and what are you comparing it with?