Gold.... I’m not sure what value gold will have in an economic collapse. I can think of a lot of things that would be of more value (ammunition etc) than gold. I know its a precious metal, but what is it worth from a practical perspective? Its only worth what it will buy or the dollars it will buy?
I am not advocating any direction. I am just saying what Dent thinks.
I have my 401(k) sitting in almost all cash. It’s funny—my retirement savings have been maxed out since I was in my early twenties, so once I hit 65 I will be set. Getting there is another issue altogether.
In my mind, it’s a way to preserve some of your wealth once order is restored and a new currency is established. But I wouldn’t be sitting on a pile of gold waiting for the goods to come to you during the crash.
(I really don’t want to see this happen. I’ve been reading this doom and gloom for the last 5 or 6 years and it makes me sick.)