Did you know that you can buy gold at your local Costco?

However, just because it’s easy to buy doesn’t mean it’s easy to sell.

In this episode of Retirement Starts Today, we’re exploring gold and its role in your retirement portfolio. To do that, we’ll take a look at a retirement headline from WSJ and i’ll share my thoughts on the latest gold rush.

Make sure to stick around until the end for Kevin’s question about the key difference between accumulation and decumulation.

Outline of This Episode

  • [1:12] Gold and groceries
  • [5:08] My thoughts on buying gold
  • [11:03] Accumulation vs. decumulation

Is buying gold a good way to hedge against inflation?

With inflation running rampant, people are looking for any way to hedge against it. Any time there is a looming threat against the economic fabric of society, gold always seems to pop up in investment conversations. When Costco starts selling gold bars you know there is a real interest.

However, just because it’s easy to buy gold, it doesn’t mean it’s easy to sell it.

While the value of gold has risen over the past few years, selling it for its true value isn’t that easy since online and in-person dealers typically offer prices below market value.

Gold isn’t that easy to sell

While gold has traditionally been viewed as a long-term investment for preserving wealth in economic uncertainty, it may not be the best investment. With the recent surge in gold prices, more people are looking to cash in. This influx of sellers has buyers reducing what they are willing to pay. Additionally, selling gold can be extra complicated with shipping fees and insurance.

My thoughts on gold as a retirement investment

Many people choose to buy gold as an inflation hedge, however, I think investing in the stock market is a much better option. Buying and selling stocks is straightforward. My investment philosophy is to buy the best companies in the world, as cheaply as possible, and hold them as long as possible. This strategy provides a simple, proven, and easy-to-implement inflation hedge.

Another reason people buy gold is to prepare for a future apocalypse however we haven’t seen gold to be valuable in any of our recent major natural disasters.

Since gold is a commodity, the price is dictated by supply and demand. Investing in gold means that you’ll have to make sure to buy low and sell high. Timing the market and being right twice is tough to do.

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