Gold never really "makes money".

Your "best bets" in my opinion are IRA accounts,  bonds and CD's.

Gold is an unknown,  meaning what makes the value fluctuate is the value of the all mighty (maybe at some point) dollar and the global economy.

That being said, the global economy is not great and personally about to take a crap. But the dollar is fairly strong when compared to other currencies. This makes gold high (a little high) right now.


By investing in gold right now,  I feel you won't lose anything and the only way you could come out a little ahead would be if the dollar crashes and the global economy makes a major downward trend for the long term.

I don't think you can get hurt, but I also feel you could do much better with an IRA market account.

No matter what you do, diversify,  never rely on one particular investment.

I don't have a lot of time right now,  but I've looked into it pretty far.  I own a bunch of silver (inherited),  and it hasn't moved in decades.

I'll try to circle back later.

GT

I would be interested in why you think that.  If it goes up $100 an ounce for any length of time I would be more than a little impressed.

I wouldn't call that skyrocketing. 1980, that was a skyrocket.

This is a really good subject,  I have a pretty stagnate ira with sammons!  Been thinking about moving it,  my pops and my cousin looked into what I have and are stearing me to vanguard,  the precious metal side of it because it's low now but projected to make a huge jump,  and since I'm young ish,  I can hold out till it happens!!  Makes since I guess,  I haven't bailed yet every time I lost money,  and I figure since my pops retired at 60 and my cousin at 50 all by playing the market and making money maybe I should listen to them,  see what happens I guess.. 

Here is my first gold investment.  I bought a US Gold Eagle and a South African Krugerand.  This exercise started out as an attempt to teach her the value of money by recycling bottles and cans.  It kind of turned into an obsession for me to where I am even turning in my chips from B1.  Everybody laughed at me, but my daughter and I literally turned trash into gold.  May not be a whole lot of gold, but it is better than a swift kick in the @$$.

That's awesome.

And in all honesty,  it depends on who's going the kicking. ....

I kept all the copper scraps from work for about five years,  just old pipe from jobs,  wire bits,   old electric motors and pumps.

Turns out,  five years worth is about $18k.

Crazy when you think of what we throw away.

GT

https://www.bloomberg.com/news/articles/2017-01-27/gold-goes-cold-turkey-as-chinese-stop-buying-for-year-of-rooster

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