I have been in analysis paralysis when it comes to where put my childrens money. I dont have enough in savings anymore, as it has been a rough couple of years for my wife and I, however my young children have quite a bit. So i was wanting to ask you all, where should i buy physical gold, and in what form should i buy it? The amount of money can only buy a few ounces so its not like a huge amount, but not quite sure where i should buy it and in what form. Any advice is appreciated, thank you!
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I had a problem with JM Bullion a few years ago, so I buy from Apmex now... 1 oz gold bars seems to be the sweet spot as far for gold. Smaller sized gold has a lot more premium fees, and larger would be harder to liquidate. Gold coins have a higher premium over bars.
Junk silver (90% silver coins) are the most portable, but premiums are quite high right now... Silver premiums seem higher than gold per investment dollar to me...
I desire portability to carry around so I plan on buying gold bars then coins followed by some silver junk coins. Calculate the amount per gram for comparison and view precious metals as wealth preservation rather than get rich quick...
Fantastic, and that is my goal. I just don't want this money I was able to save for my kids to go to waste