We do invest in gold. HOWEVER!!!! JMHO, but I would not buy it now, because it is high. That is a common mistake many make in any investing, they buy when it is hot.
My belief has always been that you need to have 10% of your net worth in gold. AND that gold should be easy to get. If/when paper becomes worthless gold is the only true medium for barter. When I first started I had gold bullion. But the problem is you can not easily use it, because first the size, and next the purity. You have to get it confirmed. So that is why we have switched to gold coins, we have the South African Krugerrand. From what I have studied it is the most perferred, followed by the Canadian Maple Leaf. Also I periodically bought ours over a period of years when the cost was low. My average cost when we bought ours was $250 an ounce, so yes, they have gone up.
Gold should NOT be used as someones primary investment, because of it's price swings. If you look at overall rate it is not very good over time, and the market, etc beats it hands down. But it helps to diversify your portfolio and gives us a "last ditch" asset when all goes South.
Army Guy
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NJ, PA, NC, AL, Germany, etc, etc and finally The Village of Bonita.
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