I plan to buy around 10K in GOLD.
What’s best?
Buy online VIRTUAL GOLD using a broker?
Or go to a bank and buy the physical BARS ?
I plan to hold this for at least 1 or 2 years, maybe more.
The problem with buying online, is that they charge FEES with time, to keep the operation open and I lose money with these fees.
If I buy the GOLD BAR and store it on my closet or somewhere else, I don’t pay any fees. I just buy the BAR, hide it and then I sell it whenever I want.
GOLD grew like 25% in 2010 and probably will grow another 20% or more in 2011. People so called “experts” said in March-April 2010 that GOLD hit the max and it was not going to grow anymore, BUT GOLD went UP…
What do you think? Any experiences?