Bought my first gram of gold today
Posted by Zach055 10 years, 11 months ago to The Gulch: General
I have been on this site for a long time, but only a few days ago I decided to buy one gram of gold. This is the first time I have ever bought gold and it arrived in the mail today. I know that one gram is a very small amount, but I wanted to start small and build up my collection. I just thought I'd share this with everyone on the Gulch.
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So you think the government or marketeers are going to harm Zach because he bought a gram of gold? Think he's up for an IRS audit or a flood of gold adverts because an unknown flesh and blood person using the digital ID "Zach055" told us he bought a gram of gold?
Federal Reserve. Long term the trend is in favor of gold,
The only thing I would say, just be careful not to get too attached to the "story" around gold (risks of hyper inflation, etc). You need to have an exit strategy otherwise the gold just becomes a curiosity. Decide how high the price can go to make you sell and take your profit, and also (possibly more important as a mental exercise) how low the price would go to make you decide it was a bad idea and sell.
I don't think you need to worry about people in your digital life, it's the people in your real life who will tell people you don't know, who will break in and trash your house trying to find the rumored million dollars worth of gold you have squirreled away.