Personal Finance and Investing

sweetapogee

(1,207 posts)

11. ok

Thu Feb 20, 2025, 11:18 AM

Feb 20

we decided after much mental anguish to get started. Again, this is not an investment rather a place to store savings dollars. We purchased 1 pc one ounce American gold eagle and 2 pcs of generic 10 oz silver bars. Will see how this feels once we get it and have some time to get used to spending all that money on a few pcs of metal. We have been researching this for some time but still it feels odd to do this. Next step is to set some purchasing goals. Have a great day everyone!

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

15 replies

= new reply since forum marked as read

Highlight:

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 2025 #9

People think the prices are going to continue to climb, especially silver. Mosby Feb 2025 #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