Question

Anyone have any suggestions on buying gold, using Robinhood?  

Answer 1

Don't. Gold is a terrible investment.  

Answer 2

You can’t buy gold in Robinhood. You can buy an ETF or buy into miners

Comments

@opportune hmmmm got ya, I thought Matt mentioned using Robinhood for gold.  

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@pacifa you can buy GLD which is an ETF. It says it’s backed by physical gold in a London vault but there is some questions about that.  

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Like if you own shares of GLD you can’t just walk into the vault in London and redeem your physical gold

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@opportune right on, thanks

Answer 3

I don’t think you can. just a collection of etfs that hold gold.  

Answer 4

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Answer 5

I suggest not to. Nothing is backed by gold anymore and even if the world were to hypothetically end, the new world would not have anything to do with gold either.  

Comments

Not sure if that’s a wise outlook, metals have been money for a few thousand years. I’m not sure that history can be so easily ignored with current fiat system of currency and potential hyperinflation

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Technology can't be ignored and an economic system accurately assessing world resources and human behavior would come awake in this one's ashes and leave metals behind. History can only teach so much if you making a future that deviates from its disasters.  

Answer 6

Yes it’s a simple answer: GLD. A perfectly reasonable and arguably smart way to add a position in metals without having to own physical Gold.  

Answer 7

For physical findbullionprices. com, for paper sprott etfs

Answer 8

I mean to buy it, there are 3 main ETFs for gold, GLD i think is the largest on a nominal value.