This year on January the 31st, I purchased a gold bar from TD Canada Trust. It is one ounce for $2,414.67. The idea is from my wife. She wanted to establish a new trend as her annual birthday gift.
As the kids are grown up and our RESP savings are being maxed out. the redirection of funds to accumulating gold may not be a bad idea. The world has become a more unpredictable place, the pandemic, and growing geopolitical issues.
This morning I was curious and check the price for the same one ounce of gold and it is sitting at $2,540.03. Already up in about three weeks.
We will continue to monitor to see if this is indeed a good long term investment.