[LonePalm]

Are you referring to the price of gold in dollars or Yuan?

If the price goes up the purchasing power of the currency goes down. Gold is always the first refuge of the nervous investor. It is NOT an investment. It is, at best, a hedge in uncertain times.

I would NOT recommending ever purchasing gold except that you take personal, physical possession of the gold. Do NOT allow someone else to 'store' it for you. The number of gold "shares" in the world is about ten times the physical amount of gold. If you are buying something for SHTF purposes, ammunition would be a much better choice.

WWG1WGA

Garde la Foi, mes amis! Nous nous sommes les sauveurs de la République! Maintenant et Toujours!
(Keep the Faith, my friends! We are the saviors of the Republic! Now and Forever!)
LonePalm, le Républicain du verre cassé (The Broken Glass Republican)

[xone]

gisd O

[WildHighlander57]

LonePalm wrote:

“
Are you referring to the price of gold in dollars or Yuan?
If the price goes up the purchasing power of the currency goes down. Gold is always the first refuge of the nervous investor. It is NOT an investment. It is, at best, a hedge in uncertain times.

I would NOT recommending ever purchasing gold except that you take personal, physical possession of the gold. Do NOT allow someone else to ‘store’ it for you. The number of gold “shares” in the world is about ten times the physical amount of gold. If you are buying something for SHTF purposes, ammunition would be a much better choice.
“

Good points; there’s a lot of ‘gold bugs’ advertising on conservative sites...

[Unrepentant VN Vet]

If you are buying something for SHTF purposes, ammunition would be a much better choice.

BRAVO ZULU on that, sir.

....along with water, firewood and masses of canned food.

(Gotta have my daily beef fix so we've also got a whole bunch of beef/bison jerky just in case the on-the-hoof beef/bison supply gets short)

[reed13k]

I was referring to the last few days the premium for gold in China has jumped compared to the rest of the world.

Some are thinking it’s a precursor to paper pricing finally catching up to physical in the near future.

https://www.bloomberg.com/news/articles/2023-09-13/china-gold-premium-hits-record-as-beijing-steps-up-yuan-defense#xj4y7vzkg

[Disestablishmentarian]

The problem with possessing substantial amounts of physical gold is making oneself a target for crime, or worse, government confiscation as perpetrated by one of our worst, most traitorous Presidents ever, FDR.