An interesting way to build up a savings plan with gold is to buy gold via an ETC. You hold this for a year and then convert the entire savings into one-ounce gold coins. What percentage of gold are you aiming for in your portfolio? My personal target is 10% gold, but I am currently at 13.2%, entirely in physical 1-ounce coins.
Another advantage of holding some gold in an ETC is that you can adjust the gold allocation more easily, while keeping the majority in physical gold. Personally, I find it best to keep physical gold at home. It's easy to hide and if you don't tell anyone about it, it's very safe.
Another advantage of holding some gold in an ETC is that you can adjust the gold allocation more easily, while keeping the majority in physical gold. Personally, I find it best to keep physical gold at home. It's easy to hide and if you don't tell anyone about it, it's very safe.
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@Cashcr0w I wouldn't subscribe to the last sentence at all. People break in here all the time. They are not stupid and probably know your "safe" hiding places. From a certain value, it's worth having a safe deposit box. One in the family is enough. I've stored my things in my mother's safe deposit box, for example
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@Cashcr0w That is by and large the plan. ETC as a savings plan vehicle for physical gold to participate in the gold price development until the next coin is purchased in accordance with my target allocation. My target proportion of gold in the portfolio is 7.5%. The rest is 7.5% Bitcoin and 85% equities (incl. ETFs)
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@Johann_van_der_Smut just hiding it at home would be too unsafe for me. There's definitely too much money involved.
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@Johann_van_der_Smut @Psychedelic_Sunflower
I'm thinking of investing in a gold ETF and holding a certain percentage in it as well as physically. Even though my stash is absolutely top class, I have to admit that a safe deposit box with insurance might be the better choice after all!
I'm thinking of investing in a gold ETF and holding a certain percentage in it as well as physically. Even though my stash is absolutely top class, I have to admit that a safe deposit box with insurance might be the better choice after all!
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