My understanding (limited) is that shares in precious metals won’t cut it as an insurance policy against a dead dollar. You need metal in your hand. Gold, silver, or steel.
What value does gold offer?
Can’t run a plant off of it. Can’t eat it. Can’t make a vehicle move...can’t transform it into medicine or liquor. Can’t make into a practical weapon...
So WHY invest in gold? I would think that human kind would look at practical purchases...that is EXACTLY what happened to “oil” it was for a time the “new gold” but we all now here it was all “speculation”.
PRAY tell...who here is going to argue that 1000.00 an oz gold isn’t “speculation also”?
I say invest in potatoes and rice...at least with a little manipulation you can drink your worries away.
HA!