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To: wrench
Gold is NOT an investment, it is a store of wealth, nothing more.

Exactly. Thanks for understanding my point. Some of the advice and snarky comments posted, I expected. It is, after all, freerepublic.

But comments such as yours are appreciated.

57 posted on 02/26/2022 9:48:04 AM PST by LouAvul (The liberal's mantra: " I don't understand why this has to be so hard.")
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To: LouAvul

It depends WHY you are buying gold.

If a long-term store of value outside the monetary system, Gold works well.

It is dense enough to store lots of wealth, it is widely valued by others, it has a very long history, and it can be exchanged when you desire.

You will not be buying things with it - though this is happening in Venezuela now. It is to preserve wealth for the future.

Ammo is great. Get what you need. It has a different purpose. Equally valid.

Realistically, you need both. And some other things too.

DO NOT put your gold or other precious items into a bank storage box. Big mistake.

I bought lots of 1oz Maple Leaf coins because the content and quality is recognized throughout the world. They are easy to exchange for cash, if you do want to cash out.

The next step beyond this is to store it outside the US legal jurisdiction. Another story for another time.


69 posted on 02/26/2022 10:16:45 AM PST by aMorePerfectUnion (Fraud vitiates everything.)
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