Gold bullion bars. Worth buying as an investment?

Will these things go up in value better than my bank will give me interest? Also is it safe to keep them in a safe in my house or should I keep them in a storage box at the bank? What's your opinion?

Public Comments

1. My guess is yes, better than anything. Putting anything in a bank is a risk, safe storage at home would be more favourable. If it is yours, why give it to someone else to play with ?
2. buy gold. Keep it yourself as policies change as much as your underwear. Hide it in the bacement bricks or somewhere. I will allways lose a bit but has a constant gain. In any peril gold is worth its weight in gold
3. Instead of bars of gold, it's probably better to buy gold bullion coins. They're easier to store and will never have to be assayed (tested with acid or the like to see if they're real/pure) since the coins are issued by a sovereign government such as the U.S., Canada, Australia and others. Storing them can be a problem - a house fire would melt them if they're not in some type of fire-resistant safe or other cool place like a bank vault. Investing in gold is an extremely long-term proposition since you're very likely to lose money in the short term - say 5 years due to its volatility. I plan to someday, when it drops in price in the next few years (hopefully), to buy shares in one of the ETFs of gold. One of them has the ticker symbol of GLD. Each share represents one-tenth of an ounce of gold. It holds the actual metal. I believe inflation will be with us for some time and gold certainly provides a hedge (defense) against loss of money's value. It should only compose 5% of your total portfolio. Good Luck!
4. Over the short term, any given in investment might well outperform any other, but for the long term gold is a terrible investment, unless you believe that civilization is in eminent danger of collapse. The value of precious metals has scarcely kept pace with inflation over the past century or two, so any reasonable money market equivalent would easily have outperformed it. The very fact that the price has increased so substantially in the last few years is reason enough to look elsewhere for capital-preserving investments.
5. no
6. My broker has reason to believe that gold will reach 12-1600/oz by the end of the year. I would not buy the etf's or mining stocks. I have profited greatly by working with this company, and I would suggest taking a leveraged position backed by physical metal not an etf like GLD who is only required to maintain 10% of their total investments in physical metals. Call Ryan at Monex at 800-949-4653 x 2292 and ask about the Atlas Account (22% downpayment) and take on a bigger position rather than paying cash and storing the metal.