One of the main risks involved with buying gold is the fact that the gold price is subject to daily market fluctuations. Therefore, there is always a risk that you might lose some of your invested money if you sell your gold holdings for a loss. There is also a certain degree of liquidity risk. Simply speaking, you can not put your emergency fund in gold coins. It takes time to find a buyer, deliver the gold and receive payment. So it is always a good idea to put some money in a savings account or checking account for emergencies, before purchasing gold.