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Piotr Michalak1
•5 years

Does it still make sense to buy gold?

The price of gold began to rise, and it is almost impossible to buy in physical form (as of March 24, 2020). Apparently, I would wait 4 weeks for delivery in Goldenmark, but I don't know if I can trust them. Does it still make sense to hunt for precious metals, or is it better to let go of the topic?

The price of gold began to rise, and it is almost impossible to buy in physical form (as of March 24, 2020). Apparently, I would wait 4 weeks for delivery in Goldenmark, but I don't know if I can trust them. Does it still make sense to hunt for precious metals, or is it better to let go of the topic?

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24 answers

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Tomasz Ozdowski

In my opinion, if someone has nothing physical gold, it is better to "hunt" it than to have nothing, because it is always an additional security for some property. On the other hand, if someone already has physical gold, the search now seems pointless to me, because the current price is already relatively high and the effort that will probably have to be put into finding it - considerable. By the way, I was buying gold at GoldenMark (also with delayed pickup) and everything was fine.

In my opinion, if someone has nothing physical gold, it is better to "hunt" it than to have nothing, because it is always an additional security for some property. On the other hand, if someone already has physical gold, the search now seems pointless to me, because the current price is already relatively high and the effort that will probably have to be put into finding it - considerable. By the way, I was buying gold at GoldenMark (also with delayed pickup) and everything was fine.

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Agata Miód

Of course it's worth it :) From what I know, you can only buy that the delivery takes over a month.

Gold has always been and will be a good investment, especially in the midst of the crisis we are currently experiencing.

Alternatively, you can invest in Bitcoin, which is, after all, "digital gold". You will not have to wait that long, and you will also secure your funds :) Except that with the investment in Bitcoin I would wait for some price rebound, because it seems to me that bitcoin is currently at the top.

Of course it's worth it :) From what I know, you can only buy that the delivery takes over a month.

Gold has always been and will be a good investment, especially in the midst of the crisis we are currently experiencing.

Alternatively, you can invest in Bitcoin, which is, after all, "digital gold". You will not have to wait that long, and you will also secure your funds :) Except that with the investment in Bitcoin I would wait for some price rebound, because it seems to me that bitcoin is currently at the top.

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Kamil Sawoń

Did you buy this gold?

Did you buy this gold?

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Kamil Sawoń

Did you buy this gold?

Did you buy this gold?

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Kasia Nowicka

It all depends on what investments you are asking Piotr, if you want to have gold deposited as a metal, you can buy "gold bars" in Polish, in reputable stores with certificates and guarantees and even in the mint. There are plenty of scammers and impure gold in the metal market, so unreliable sources should be avoided. If, however, you want to trade gold on the stock exchange and earn money on the exchange rates, I present the best online brokers because one of the first steps you need to take is the decision to choose a broker.
For this you need to consider: 1. The type of gold trading markets supported - such as ETFs, futures, options or CFDs. 2. minimum required deposit and any subsequent transaction fees 3. Commissions charged when trading in your preferred gold market 4. Does the platform offer any noteworthy gold trading tools - such as technical analysis, leverage and most importantly short selling.

Best online gold trading platforms right now: 1. eToro recognized as the best in the world: highly regulated by institutions and laws, super low trading commissions, no US dollar deposit fees, Debit/Credit card deposit, e- wallet or bank transfer, has transaction copying tools and is ideal for beginners. 2. Webull 0% commission. No deposit required, trade stocks and ETFs from $5, the right portal for both novice and experienced traders standard self-managed accounts 4. TD Ameritrade here trade gold with futures, gold options and ETFs are also supported. they have quite competitive margin funding rates. 5. Interactive Brokers - They have a high reputation on spot contracts.

Piotr, I recommend buying and selling in short positions, because movements in the gold exchange rate are quite predictable, and in connection with Russia's troubles, they can mean significant swings up and down, depending on whether the Kremlin will release reserves, eg for the purchase of weapons. Pretty predictable speculation.

It all depends on what investments you are asking Piotr, if you want to have gold deposited as a metal, you can buy "gold bars" in Polish, in reputable stores with certificates and guarantees and even in the mint. There are plenty of scammers and impure gold in the metal market, so unreliable sources should be avoided. If, however, you want to trade gold on the stock exchange and earn money on the exchange rates, I present the best online brokers because one of the first steps you need to take is the decision to choose a broker.
For this you need to consider: 1. The type of gold trading markets supported - such as ETFs, futures, options or CFDs. 2. minimum required deposit and any subsequent transaction fees 3. Commissions charged when trading in your preferred gold market 4. Does the platform offer any noteworthy gold trading tools - such as technical analysis, leverage and most importantly short selling.

Best online gold trading platforms right now: 1. eToro recognized as the best in the world: highly regulated by institutions and laws, super low trading commissions, no US dollar deposit fees, Debit/Credit card deposit, e- wallet or bank transfer, has transaction copying tools and is ideal for beginners. 2. Webull 0% commission. No deposit required, trade stocks and ETFs from $5, the right portal for both novice and experienced traders standard self-managed accounts 4. TD Ameritrade here trade gold with futures, gold options and ETFs are also supported. they have quite competitive margin funding rates. 5. Interactive Brokers - They have a high reputation on spot contracts.

Piotr, I recommend buying and selling in short positions, because movements in the gold exchange rate are quite predictable, and in connection with Russia's troubles, they can mean significant swings up and down, depending on whether the Kremlin will release reserves, eg for the purchase of weapons. Pretty predictable speculation.

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Kamil Brzeziński
W moim odczuciu złoto zawsze warto kupić o ile jest to zakup długoterminowy lub bardzo długoterminowy :)

Jeśli mamy dlugi horyzont czasowy, to złoto w najgorszym razie przechowa nam wartość pieniądza (i głównie służy do tego, nie do zarabiania).

Osobiście robię takie zakupy w ten sposób, że dzwonię do dilera, pytam co mają dostępne od ręki i tego samego dnia lub nazajutrz idę i kupuje. Mam wtedy towar od ręki, za gotówkę, bez czekania na dostawę i anonimowo.
W moim odczuciu złoto zawsze warto kupić o ile jest to zakup długoterminowy lub bardzo długoterminowy :)

Jeśli mamy dlugi horyzont czasowy, to złoto w najgorszym razie przechowa nam wartość pieniądza (i głównie służy do tego, nie do zarabiania).

Osobiście robię takie zakupy w ten sposób, że dzwonię do dilera, pytam co mają dostępne od ręki i tego samego dnia lub nazajutrz idę i kupuje. Mam wtedy towar od ręki, za gotówkę, bez czekania na dostawę i anonimowo.

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OpenAI BOT
The decision to purchase gold depends on individual preferences and investment goals. The price of gold may be difficult to predict, but many experts believe it is a safe investment option in the long term. If you are concerned about long delivery times, it is worth considering alternative ways to invest in gold, such as through investment funds or stocks of companies involved in gold mining. It is also worth seeking advice from financial experts before making an investment decision.
The decision to purchase gold depends on individual preferences and investment goals. The price of gold may be difficult to predict, but many experts believe it is a safe investment option in the long term. If you are concerned about long delivery times, it is worth considering alternative ways to invest in gold, such as through investment funds or stocks of companies involved in gold mining. It is also worth seeking advice from financial experts before making an investment decision.

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Jakub Nowakowski
Yes
Yes

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Joanna Dziamska
And how? Did you manage to buy that gold? Regards
And how? Did you manage to buy that gold? Regards

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Sebek Bielecki

Gold keeps going up. You can earn some more. Definitely yes !

Gold keeps going up. You can earn some more. Definitely yes !

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Marcin Nowak
Investing in gold is always profitable, unless the prices are terribly high, but for example no country treats it as a means of payment, it retains its value even in times of geopolitical uncertainty, being the surest type of investment. At the beginning of the adventure with investing, a pretty good investment in gold can pay off, there is nothing more reliable than gold because gold will always be in price, unlike other investments where the value of a given item can drop even to 0.
Investing in gold is always profitable, unless the prices are terribly high, but for example no country treats it as a means of payment, it retains its value even in times of geopolitical uncertainty, being the surest type of investment. At the beginning of the adventure with investing, a pretty good investment in gold can pay off, there is nothing more reliable than gold because gold will always be in price, unlike other investments where the value of a given item can drop even to 0.

Pay if you want to see rest of the answer

20 $

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Remek Piwoński
Zawsze warto , ja kupowałem w poprzednim roku w firmie https://goldco.pl/ z Wrocławia i jestem zadowolony , własciciel na bieżąco informuje jaki jest stan zamówienia, wysyła zdjęcia jak pakuje przesyłkę , uważam ze serwis mają lepszy niż Mennica Skarbowa .
Zawsze warto , ja kupowałem w poprzednim roku w firmie https://goldco.pl/ z Wrocławia i jestem zadowolony , własciciel na bieżąco informuje jaki jest stan zamówienia, wysyła zdjęcia jak pakuje przesyłkę , uważam ze serwis mają lepszy niż Mennica Skarbowa .
https://goldco.pl/...
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Tomasz Paczes
It seems to me that it is worth it as a way of diversifying or securing capital, but as a potential return on investment, I think there are better investments, e.g. cryptocurrencies
It seems to me that it is worth it as a way of diversifying or securing capital, but as a potential return on investment, I think there are better investments, e.g. cryptocurrencies

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Dariusz Sztrajch
Gold is a specific asset not for speculators. Therefore, as any long-term investor, you should have gold in your portfolio to increase your financial security. However, if someone is looking for a quick profit, I would rather look in other assets. In any case, my opinion is that it's always worth buying gold.
Gold is a specific asset not for speculators. Therefore, as any long-term investor, you should have gold in your portfolio to increase your financial security. However, if someone is looking for a quick profit, I would rather look in other assets. In any case, my opinion is that it's always worth buying gold.

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Bart Pezda
Gold is undervalued and now is very good time to buy.
Gold is undervalued and now is very good time to buy.

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Jacek Jędrak
Hello. Gold is undervalued in the long term. While in the short term (and I mean from a few months to even a few years) the price of gold can fluctuate significantly both up and down from today's price (about $ 1800), it should not matter much to you (about as long as you do not buy for speculation purposes) because in the long term (several to several dozen years) I think it can protect your savings well. It is worth noting that today's gold price is similar to that of a decade ago, and let's be honest about how much today's dollar or other fiat currencies have lost value over this time. I think with 50%. And there can be only one direction of the loss of value of fiat currencies.
In my opinion, the price of gold is underestimated. In a few years, we could see $3,500 an ounce.
Besides, the last two thousand years show that gold stores its purchasing value well. Maybe you will not earn on it, but you will not lose the purchasing power of the capital invested in it - on average in the long term.
Hello. Gold is undervalued in the long term. While in the short term (and I mean from a few months to even a few years) the price of gold can fluctuate significantly both up and down from today's price (about $ 1800), it should not matter much to you (about as long as you do not buy for speculation purposes) because in the long term (several to several dozen years) I think it can protect your savings well. It is worth noting that today's gold price is similar to that of a decade ago, and let's be honest about how much today's dollar or other fiat currencies have lost value over this time. I think with 50%. And there can be only one direction of the loss of value of fiat currencies.
In my opinion, the price of gold is underestimated. In a few years, we could see $3,500 an ounce.
Besides, the last two thousand years show that gold stores its purchasing value well. Maybe you will not earn on it, but you will not lose the purchasing power of the capital invested in it - on average in the long term.

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Michał Nowak
I think that gold is worth buying as physical to secure capital for a difficult time as well as to protect against inflation, in addition to gold, it is also good to have some silver for those people who cannot afford gold, it is always an alternative for a longer time. Although silver is larger sniffing the market, but also more profit.
I think that gold is worth buying as physical to secure capital for a difficult time as well as to protect against inflation, in addition to gold, it is also good to have some silver for those people who cannot afford gold, it is always an alternative for a longer time. Although silver is larger sniffing the market, but also more profit.

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Duplikat SamegoSiebie
Gold plays a specific role in the investment portfolio. It stabilizes the portfolio in times of turmoil on the stock exchanges through relatively low correlation with the stock market. This was evident during the covid crash. There is always room for gold in a long-term investor's portfolio. Currently, cryptocurrencies are too speculative an asset to safely store the value of money in the long term. Which doesn't mean it won't change in the future. As for the form and method of gold acquisition, after the outbreak of the covid epidemic, we had a situation where, due to supply disruptions, physical gold distributors had problems with the availability of ingots and investment coins, which resulted in margins of 8-12%. Before the pandemic, margins ranged between 3-7%. The question is, do you want to cover an exorbitant margin in order to necessarily have physical gold in your wallet. Wouldn't it be better to get exposure to gold through an ETC fund (secured with physical gold !!!! and not with gold futures), e.g. IGLN.UK, and then after two or three years, when gold will lose popularity, sell the fund and buy physical gold with a low dealer weight.

Referring to other statements regarding short-term speculation on gold through futures (both long and short positions), this is an option only for experienced investors with extensive knowledge and experience (exceeding one full business cycle, currently 7-10 years), due to the huge risk of losing the entire deposit, especially with leverage at the level of 1:10, 1:20 or higher !!!). This option is highly inadvisable for novice investors.
Gold plays a specific role in the investment portfolio. It stabilizes the portfolio in times of turmoil on the stock exchanges through relatively low correlation with the stock market. This was evident during the covid crash. There is always room for gold in a long-term investor's portfolio. Currently, cryptocurrencies are too speculative an asset to safely store the value of money in the long term. Which doesn't mean it won't change in the future. As for the form and method of gold acquisition, after the outbreak of the covid epidemic, we had a situation where, due to supply disruptions, physical gold distributors had problems with the availability of ingots and investment coins, which resulted in margins of 8-12%. Before the pandemic, margins ranged between 3-7%. The question is, do you want to cover an exorbitant margin in order to necessarily have physical gold in your wallet. Wouldn't it be better to get exposure to gold through an ETC fund (secured with physical gold !!!! and not with gold futures), e.g. IGLN.UK, and then after two or three years, when gold will lose popularity, sell the fund and buy physical gold with a low dealer weight.

Referring to other statements regarding short-term speculation on gold through futures (both long and short positions), this is an option only for experienced investors with extensive knowledge and experience (exceeding one full business cycle, currently 7-10 years), due to the huge risk of losing the entire deposit, especially with leverage at the level of 1:10, 1:20 or higher !!!). This option is highly inadvisable for novice investors.

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Bart Kasprzyk
Hi, if you have spare resources you would like to allocate in something other than cash, then gold is worth considering.

Please note, that this is so called unproductive asset, which means that it mostly transitions the value instead of generating cash flows.

You should also think if it's the physical gold you are looking for, or rather gold ETF (like CEF, IGLN) is the thing you should consider.

Also note, that even though the gold price in USD is lower than the top, in PLN it is closer to all time highs due to the high USD price.

If the amount of gold you are willing to buy is very high, you will most probably face the costs of storing it in a secure location.

I highly recommend reading the In Gold We Trust report https://ingoldwetrust.report/igwt/?lang=en
to find out about the current theories regarding gold - and much more about the current economy.
According to these specialists, the gold ounce may reach more than 2k USD per ounce by the end of this year.
Hi, if you have spare resources you would like to allocate in something other than cash, then gold is worth considering.

Please note, that this is so called unproductive asset, which means that it mostly transitions the value instead of generating cash flows.

You should also think if it's the physical gold you are looking for, or rather gold ETF (like CEF, IGLN) is the thing you should consider.

Also note, that even though the gold price in USD is lower than the top, in PLN it is closer to all time highs due to the high USD price.

If the amount of gold you are willing to buy is very high, you will most probably face the costs of storing it in a secure location.

I highly recommend reading the In Gold We Trust report https://ingoldwetrust.report/igwt/?lang=en
to find out about the current theories regarding gold - and much more about the current economy.
According to these specialists, the gold ounce may reach more than 2k USD per ounce by the end of this year.
https://ingoldwetrust.report...
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Wojciech Nieznane
It's always a good time to buy gold and silver as all indicators show that gold is undervalued and should cost at least $3k an ounce
It's always a good time to buy gold and silver as all indicators show that gold is undervalued and should cost at least $3k an ounce

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Saksham Tarawat
Buy some stocks


Dyor
Buy some stocks


Dyor
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Dariusz Marcinkowski
Of course, it is worth investing in gold, precious metals because, as you know, money is losing value now and gold has been gaining over the years, protecting capital in times of turmoil. In my opinion, it is better not to buy gold in Poland, all transactions are recorded.
Of course, it is worth investing in gold, precious metals because, as you know, money is losing value now and gold has been gaining over the years, protecting capital in times of turmoil. In my opinion, it is better not to buy gold in Poland, all transactions are recorded.

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Kamil Sawoń

Why a double?

Why a double?

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Kamil Sawoń

Why a double?

Why a double?

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