I'm interested in gold. I don't want to buy more stock at the moment and I believe value of money is going down.
Is gold then the only alternative to park your money while waiting for a sale on stocks? Then also what to buy? ETF? Certificate? What?
Stay out right now. Everyone's been thinking what you're thinking for years, only to have the price steadily decline. Based on the performances last year, precious metals still have room to decrease in price.
From people that walk into my pawn shop kek
Some buys I have made in the past month
>$3500 of Arabic 22k gold for $350
>$5000 of 10k gold in class rings for $1000
>$1500 worth of silver for trade on a $800 pistol that I had $200 in
These are just some of the home runs, daily I will buy $200 worth of gold for 100 or less
You do get quite a few dumbasses, however you often deal with people who know what they have. I do sometimes pay up to 90% of spot for something if the person knows what it is. Not to mention there is also always the chance I can sell it as jewelery which equates to highway robbery.