Should you invest in gold bars and coins? Considering these pros and cons can help you decide.
Learn more about gold investingWhile gold bars and coins offer plenty of benefits, it's important to also keep the following drawbacks in mind.Since gold coins and bars must be produced, packaged and shipped, they can come with high premiums, especially if they're rare or have historical significance. These premiums can eat into the value of your investment.
Even if your gold is stored in a safe place, you still need to insure it. Your homeowners insurance may not cover your full investment if your safe is stolen or broken into, and safe deposit boxes usually aren't insured by the bank. This adds to your investment costs. Since gold is so popular, bad actors hoping to capitalize on investor demand do exist. Watch for the
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