No. Go out and invest all of your money in 1 OZ coins.
I dont care.
ANY reasonable investment advisor will tell you not to put your eggs into one basket.
Gold, unlike most other commodities has little industrial use. Sure there is some gold in expensive electronics, but nowhere near the uses of silver and platinum. So, for the most part, gold is a hedge and holder of “value.”
Therefore, traditionally, gold should be used as insurance against inflation or a hedge against the failure of a currency.
This is not brain surgery. Nor is it simply my opinion.
You can be snarky. You can make fun of me.
If retired first at 43. I just retired again from my own business at 54. I hold some gold and silver. Some of it I am taking a beating on. The rest of my investments are very conservative.
I may not be so wealthy that YOU would follow my advice. But then again, based on your answer you probably bought a ton of gold at $1800 and you are just waiting for the dollar to collapse, Jade Helm to blow up, or the resurgence of the Russian and Chinese Empires and the invasion of the US. You probably are worried about a 3rd Obama term.
Sorry, I cannot help you on any of that stuff.
If I were you...I would be hedging some of that hard metal you own by shorting some of the paper stock. But that’s just one poor guy’s opinion.
Many people bought and have held gold since the $250 mark. Sold much of it at $1700+. Still holding some, never bought any above $740, meaning I have still tripled my investment in 10 years. Not a bad INVESTMENT.