Gold just isn't for me, especially physical metal, it's purely speculative, illiquid, needs insuring and has no dividend. How do you price it, no one knows, it's what the market will pay.
I've owned gold shares but why would I own them now? Gold going nowhere and shares and XGD tanking, in addition they're digging 3000 tonnes more out of the ground each year, like fiat money, they keep adding to it. Only good for jewellery and hoarding.
I own NZD, AUD, JPY, USD, GBP, all seem to even themselves out. NZD and AUD been very good recently as Aussie gold owners know well.
Gold is fine for collateral, but property is better.
Owning physical metal is something of a ponzi scheme, you own until it until a greater fool comes along and purchases it off you.
It's value is determined only by speculation and when the money stops flowing in the music's gonna stop.
