I've bought actual metal Gold coins twice in my lifetime. Both times I lost money. Not a lot fortunately.
Given my day late and dollar short propensity, I'm happy to not be holding gold right now.
Buying an investment is easy. It's the exit timing that's particularly tricky.
If TSHTF I'm not going to particularly interested in gold.
23 August 2011, Gold peaks at $1,883.36 per oz. Today, 20 January 2014 Gold sits at $1,252.85.
Hang on, I gotta take my shoes off to do the math.
K, the missing middle toe on my left foot notwithstanding, that appears to be a 33% decline since the peak.*
Meanwhile, I was paying $199 for a thousand rounds of 9mm throughout 2012.
The best price I've seen for a thousand rounds lately is $400.
.223 seems to have floated down into a more reasonable range.
Lead, embedded in brass with sparkly stuff inside appears to have appreciated at least 100% in the same time period.
*WTF? Oh, wait. What do I need to shoot a squirrel or git me sum el gato tacos?
Eff that, no way am I melting down a Krugerrand. The crap we value, ne'est ce pas?