Q&A: Cash out gold and invest?
Part of my inheritance was given as gold coins. I am in my twenties and really confused on the best way to handle these coins. Should I hold on to them and hope that gold continues to rise (currently at $ 1048 an ounce) or cash out half or more and put the money into a Roth IRA??? I own a home, have a good job with a company that contributes to my 401k, and not much debt ? except for student loans. I want to do something wise but I?m just not sure what to do.
Goldsenze Answer:
Sell the coins and pay down the loan.
Gold is topping out, and your loan is charging you interest. (Plus I just hate debt.)
I sure as hell better get best answer. I?m the only one not trying to sell you something.
(Wait?do you need a slightly used porch swing?)
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