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Personal Finance and Investing

3Hotdogs

(14,182 posts)

1. As I see it, the problem with physical gold is the buying and selling commissions.

Reply to sweetapogee (Original post)

Fri Feb 14, 2025, 12:03 PM

Feb 2025

Probably 10 -15 % each way. If so, the price of the gold. has to increase 20 or 30% before you see any profit.

Of course, there is the fun of holding a bar or coin in your hand.

But if it's really an investment, consider a gold index fund. These should rise and fall with inflation and only involve the commission to the broker (which may even be free) and any maintenance fee.

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amount of gold and silver in a portfolio [View all] sweetapogee Feb 2025 OP

As I see it, the problem with physical gold is the buying and selling commissions. 3Hotdogs Feb 2025 #1

Will the federal tax on the sales be part of the 20-30% commission? no_hypocrisy Feb 2025 #2

Tax should be on the net profit. 3Hotdogs Feb 2025 #3

And would it be separate from the commission fee? no_hypocrisy Feb 2025 #4

OK sweetapogee Feb 2025 #6

You would get hit with a higher premium when you sell because the gub'mint 3Hotdogs Feb 2025 #7

Personally, I own gold and silver jewelry PoindexterOglethorpe Feb 2025 #5

If a gold ETF is of interest to you, Bob Carlson of Retirement Watch recommends IAU progree Feb 2025 #8

This message was self-deleted by its author Mosby Feb 17 #9

People think the prices are going to continue to climb, especially silver. Mosby Feb 17 #10

ok sweetapogee Feb 20 #11

I'm less cautious... Happy Hoosier Feb 25 #12

thank you so much sweetapogee Feb 25 #13

Sounds like you are well situated! Happy Hoosier Feb 25 #14

i think 3-5% ie enugh for gold in a portfolio. 0% for silver moonshinegnomie Mar 6 #15