I'm back! Can you believe it? Yeah, this is going to get exciting! After a few years of not posting on Gold Why, I'm back and thrilled to start writing about gold, one of my favorite topics, again. Specifically, I'll be sharing my thoughts about gold in 2014 today. However, before I even get to that, I wanted to take a moment to give an update on the last few years...
Where the heck have I been? I used to manage a lot of different websites about my various passions and interests. None of my other sites are quite as big as this one, but all of them took up a lot of effort and time to manage. Back in 2009-2011, I worked so hard that I basically burnt out. I couldn't keep it going, and was losing sleep. Combine that with the fact that my job has gotten increasingly busy, I just ran out of time. I gave up on most of my sites, except one (my personal blog).
I'm Ready To Start Writing About Gold Again, Here on GoldWhy.com
Recently, however, something has changed. I realized that I want to get back into the game. Things are going to be different this time... I'm going to move at a reasonable pace and only maintain my personal blog, this website (GoldWhy.com), and perhaps one other. I need to pace myself and stay focused on my favorite websites. I'm back and super excited to say that. I have some great plans in the future, both for this site and also my Gold Why YouTube channel (make sure to check it out and subscribe).
Something else has happened over the past few years: The price of gold skyrocketed and has since corrected. I honestly stopped writing about gold because the price was getting so high and I was not really buying gold anymore. When I'm not buying, I'm not as excited to write.
I'm Buying Gold Bullion Coins In 2014, Especially One-Ounce Gold Coins
Recently, I started buying gold again. So far this year, I purchased a one-ounce gold Krugerrand, one of my favorite gold coins of all time (if not the favorite). I'm back in the game and accumulating gold again at current prices. My goal this year is to buy larger, more expensive coins (full one-ounce gold bullion coins as compared to many of the fractional gold bullion coins I purchased in years past). This makes it much more fun to write again, and quite frankly gives me content, since I often blog about coins I'm buying and current thoughts/experiences. Funds are tight, I'm one of the smaller buyers out there, but I'm so passionate about what I'm able to buy. My goal this year: I'm going to try to buy three one-ounce gold bullion coins. I feel excited that I'm already one third of the way to my goal, but I need to work hard and save up to get all the way there.
How Am I Viewing Gold Bullion In 2014?
So, what's my take on gold for 2014? I personally have no clue where the price of gold will trend. I'm quite frankly shocked that the price has corrected so far. I definitely did not expect gold to trend up forever (it had gone up so quickly). However, given the overall national debt, programs such as Obamacare creating even more challenges for our national debt, worldwide politics, demand for gold, the growth of China as a power, and so much more, I am a fan of gold at current prices.
I personally believe the value of gold will rise over time, and I see the current weakness as a buying opportunity. (Disclaimer: I'm not a licensed investment advisor and this is not investment advice. Anything you read here on GoldWhy.com is just one person's personal opinion, and is for your entertainment only.) I'm the kind of gold buyer who likes to buy and never sell. I'm selective on when I buy, but once I pull the trigger I'm in forever. 2014, in my opinion, is a gift and opportunity to buy, not only because of the current price of gold but also because I'm likely to have some disposable funds this year (where I literally had zero disposable, extra funds last year).
I'm focused on bigger gold bullion coins in 2014, especially one-ounce gold bullion coins. Why? So many reasons, a topic that's probably best saved for a different article. However, in a nutshell, I like the bigger coins better. They are more fun. They weigh more. They are so cool and magical. You are concentrating so much value in one coin. I find that really neat, especially if you can afford it! Also, the transaction costs/friction is lower with the larger coins. If you ever sell (which I try to avoid and have only done in very rare cases), you get a much better deal, whereas gold buyers can really cheat you on the smaller, fractional coins.
Right Now, I'm Focused On Gold Bullion, and Not Silver/Copper
What else is going on in 2014? I'm personally focusing on gold bullion as compared to silver and copper bullion. Don't get me wrong, I love silver and copper bullion. However, I feel like I have enough. It's funny... I get a lot of negative comments on my YouTube videos about copper bullion. It's such a controversial topic! I never said that copper bullion is the end-all, be-all metal. Rather, I have been very clear that I would never allocate more than 5% (maybe 10%) of one's metal portfolio to this newer metal. More than anything, I view copper bullion as a fun, interesting collectible. A note to all the skeptics and haters: Please take it easy. It's not worth getting so worked up over. Copper bullion is neat, but nobody ever claimed it should replace other metals such as gold and silver. 2014 for me is the year of gold. I have limited funds and am concentrating on gold.
I wanted to take this opportunity to sincerely thank you for reading. I know it has been a while, and I couldn't be more excited to be back. Stay tuned, and please bookmark my site. I will be writing regularly. Here's to an amazing year for gold and also GoldWhy.com in 2014!
Related Gold Articles
My Bad Experience Buying Gold Bullion
I Love Maui Trade Dollars
Should I Buy Gold?