“I buy actual gold with fun money but also as a long term collector (of coins).”
Yes, I can see that as a fun hobby as well as a good investment as a collectible.
I just wonder about the wisdom of buying it on paper.
Today it is the pop phrase with those who know nothing.
“I got muh money in GOLD”
No wisdom except perhaps for diversity sake. Otherwise it is pure speculation. The more people pile into paper gold, the quicker it will drop after the peak. Then they will pile back in for another peak a year or two later. There will be one final blowout peak when everybody is in, but don't look for that until interest rates start to rise substantially.
Once Obama makes owning gold illegal, paper gold will be worth $32.00 highly inflated dollars per ounce.