Tuesday, August 10, 2010

I just bought my first piece of gold

Not gold set in jewelry but a real piece of gold. I bought a gold coin and I'm thrilled with both my decision to buy it and my actual purchase of the piece. After I did a ton of research into buying a gold bar I decided that a coin would be my best option. I could have gotten a ingot or a piece of bullion but coins are small and portable. I could have had United States Gold Bureau hold the gold or set me up with a intermediary bank that would have held the gold physically, but since I bought in such a small quantity, I'm holding it myself.

Actually I'm on my way to the bank to put it in my safe deposit box. Hopefully this will just be the first purchase of many more to come.

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