Please do some research on your own. Taking advice from a we forum, no matter how well intentioned, is a bad idea.
We do not know your situation, your tax issues, your family issues, where you would store it, any of that stuff.
And the thought of cashing in your retirement to buy gold sends shivers down my spine. If you think it will go up the 30% you will lose to taxes and penalties...then consider it. But think that through completely first.
I am not trying to be a jerk, but rather direct you to do a lot of research first. My advice is probably not right for you. Nor is yours appropriate for me.
I have no intent on taking the word of anyone on FR over that of my financial advisor nor do I intend on purchasing anything so pricey as gold before consulting my wife. I am simply soliciting for anyone’s experience with gold brokers either on line or over the phone.
I hear advertisements all day on the radio and TV, and I know that much of it is scaremongering. I would, however, like to have some tangible assets for long-term investments, and gold seems to be pretty solid.
Like all investments, there’s risk, and the cyclical nature of the markets, both financial and ores, leads me to believe that gold is likely to lose value at some point and will likely gain again at some point later. I know that it’s foolhardy to think that in a SHTF scenario people would take cold coins over practical goods in barter, but I figure IF (big if) the global markets and governments stabilize again, having everything in gold is not only dumb but costly.