Q1180 said:
Complete novice here on gold/silver market. When should I buy gold and should it always be physical gold?
When? The best time was 25 years ago. The next best time is in the here and now.
After starting in 2005 and just buying when I put together some money, I started "Buying the Dips." It's been a good strategy. Gold has off days, off weeks, and (rarer and rarer), off months. Lock in a little extra buying power by purchasing when gold or silver are down instead of having FOMO and buying when they are ripping.
Should it always be physical?I have some money in the Sprott physical gold and physical silver ETFs. I don't trust GLD and SLV. There are plenty of resources out there to explain why.
I like removing counterparty risk, so I own and hold. We all have to decide for ourselves what works best for us. For the ultra-wealthy, vaulting outside of the US seems to be attractive. I'm nowhere near having to worry about that.