Should You Buy Gold?
I do not like gold as an investment. I think it is just speculation.
But if you are bitten by the gold bug and can’t be cured, please at least buy your gold coins directly from the US Mint. You won’t pay outrageous spreads when you purchase the coins, you won’t be called and pressured into buying more, and you won’t be sold “collectables” of dubious value.
And since many folks are convinced to own gold coins in their IRAs, a word of caution. While it is okay for your IRA to invest in gold coins like the American Eagle, collectables are a prohibited transaction which could lead to your IRA being considered void and immediately 100% taxable.
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