Posted on 11/05/2021 4:46:16 AM PDT by LouAvul
..for worst case scenario. Etc.
Spot price is market value at point of origin exclusive of mining costs, etc. I get it.
But where to buy in a metropolitan setting. "Fast Ernie's Gold Depot" is likely not a good place. Nor the local pawn shop.
Where, in the big city, to pick up a few ounces? How to price?
I’ve got food and a few other basic supplies. Picking up a bit more here and there when I can. And lots of 🛐🙏 too.
I am looking to protect the value iny wife’s 403 for the impending (possible) hyperinflation.
Pretend I am stupid.....tell.me the difference between Gold and GLD.
Metals are a hedge against inflation but are pretty useless (except for lead) if governments collapse. You can’t eat it and you won’t get much for it in that case. Ammo and food will be currency if that happens.
Assuming that the end of the world isn’t here, inflation is a much more likely problem. Generally, precious metals and property are good places to put your cash during times of high inflation. Banks or safes or mattresses are the worst thing to do with your savings during inflationary periods. Silver is easy to spend, but is not practical for storing larger amounts of money because of the bulk. Gold will hold a lot of value in a small space, but is hard to sell.
I have use APMEX dot com to buy gold and silver and have a local coin and metals shop that sells for the same prices as the online stores. My local guy only takes about 3% when I want to sell.
Lately I’ve been buying the vacant properties around my Florida home. It has paid off nicely, assuming that the values hold up. Since the entire north is trying to move to my town, I suspect it will continue to appreciate for the immediate future.
Even though the premiums are higher, I would look at getting smaller denominations, such as 1/10 oz. and 1/4 oz., also. Hard to to get change for a full oz.
We're waiting...
If you can do so, borrow against it and buy silver and gold bullion coins. No numismatic items. They are a good store of value.
Those markets have been swinging like church bells for years as the Fed tries to keep the public into paper investments. At some point, the market will pop and a lot of that paper "wealth" will evaporate.
This advice is worth what you paid for it.
Good.
Yes, tons of prayer. Most of us may not survive what is coming. Focus on the bodily needs first and then work outward towards gold and whatever.
“””Pretend I am stupid.....tell.me the difference between Gold and GLD.
We’re waiting...”””
google it
Amen
I keep praying and spreading God’s Word
We win through Him when it’s all over!
Hallelujah!! Maranatha!!
🛐🛐🛐🙏🙏🙏✝️✝️✝️
I would think ammo would actually be superior in that scenario, though. It will always have value, it can’t really be counterfeited, it comes in a discrete amount like a coin, and it has a long shelf life. Plus it offers the holder an immediate increase in self-defense capability. And those who have the most probably have the bug to acquire even more whenever the opportunity presents. Plus it isn’t like you have to scrape off some shavings of a weight so small you can’t be accurate, because it is so valuable.
I have no idea if a coin or chain, or some yellow flakes I am handed are made of the atoms alleged. But if a 9mm bullet goes bang, I know that whole batch is probably legit.
Ammo to me is kind of like an uncounterfeitable gold, with a practical application everyone will want to increase at all times, on top of it. I suspect it would rapidly become even more valuable than the metal, if things looked like they weren’t coming back around to a civilized level any time soon.
Simple, gld is paper (or virtual if you like) gold and you cannot hold it your hand.
it has some uses certainly, as do other Etf things.
Yes fractional gold is good. Maples seem to have best premiums. silver is good too.
I wonder if the exchange rate will normalize into the 20s if there is some event.
I'm thinking of rolling some of my 401(k) into one of those - just to have some additional diversification. My understanding is that rules are stricter on Gold IRA's so the potential of being ripped off by scammers is much less.
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