All precious metals are for stability. People need to realize that.
Commodities and metals to hold your wealth during tough times and stock market to grow your money during the good times.
I once tracked gold since 1913 just to see how much money I might have made if I had the ability to sell at high points and buy at low points from a single ounce of gold.
I ended up with about $190,000, so it’s not a bad way to make money if you know what you are doing.
https://cdn.mises.org/the_vampire_economy_20201022.pdf
Read this for an understanding of our current economy.
I assume this is biased for US Dollar returns, for Americans.
I wonder how it compares if one is a citizen of Germany, or Japan? Or Brazil?
Damm it.
I went to a lot of trouble and spent lots of money to get the largest gold coin.
Wtf.
Who do these Perthians think they are making a bigger one? I bet they all have a small penis
https://www.dw.com/en/berlin-gold-coin-heist-3-sentenced-to-jail/a-52441680
If it all falls apart you will do better with a supply of 9x19 Luger or .357 Magnum than a sack of gold.
You cannot eat gold, though I guess you could cast bullets from it.
This guy appears to be an idiot. Just cut out the middleman. In CAlifornia since 1970’s if you know where to look, you can make $3000- $10,000 every weekend just scooping gold nuggets out of the river. Bring a couple guys, a coup l guns and a couple big dogs,etc. He never heard of the 1849 gold rush. It never ended. Been there still do that. He appears got be an ignoramus. Don’t invest in gold. go pick it out of the river.
When it get down to 2 people left on earth and all you have is one can of Chef Boyardee ravioli to eat... What do you want.... The gold, or the ravioli?
Ping to the Gold & Silver list!
pm me to be added
A few thoughts I have which appear to be ignored in this piece.
First, gold or silver are best held as a hedge against a collapsed fiat currency. I mean when the sh1t hits the fan.
Second, gold and silver are highly manipulated by the paper Market. I suspect that without periodic injections of massive amounts of paper gold and silver we would see very different situation right now. I also believe that governments have their dirty little hands in it because it would be disastrous for fiat currencies if gold and silver actually had true price discovery.
Another thought, the article keeps referring to how things have done in relation to inflation. And yet the inflation numbers are completely bogus along with the BS GDP figures.
The issue is not that gold is good, but rather that the dollar is trash (and getting trashier by the day).
and that was a $20 coin at one time. In both cases, that 1 ounce of gold would get you a really nice suit. A $20 fed reserve note, not so much.
“Gold Is Not a Good Store of Value”
this guy is clueless......
in 1970, 100 oz of gold bought a $3500 car
1000 oz bought a $35,000 house
today 100 oz (@$1850) buys a few nice cars - $3500 couldn’t get you a decent used car....
today 1,000 oz buys 2 pretty nice houses.... $35,000 might get you a single-wide.....
tell me again how gold is not a store of value...
I believe everyone should own some physical gold and silver. Enough for an emergency. Also, ammo will function as a form of currency if times get really hard. All part of “hoping for the best, planning for the worst”.
If you buy a bar of gold and bury it for future generations, in 100 years it will still be a bar of gold. It will increase in value only to account for inflation. If you invest in an appropriate portfolio of businesses, your progeny will usually find it to be worth much more.
I have always been reluctant to make a meaningful investment in gold for the following reasons:
1. I believe more gold has been sold than exists. Has anyone done a substantial audit of these privately owned gold vaults? If so, are auditors qualified to attest that the product audited is real gold?
2. Counterfeiting has reached such a high level of sophistication that it is almost impossible to determine fakes. Some years back there was an issue with fake gold bars being produced in China that fooled investors.
3. In times of need it is not readily divisible.
4. The market is controlled with market makers collecting fees for both the purchase and sale.
5. You must be able to safely store and protect your investment.
6. Gold, as all items, is subject to the law of supply, demand and need.
I do not feel gold is a good investment for anyone who needs an immediate return on their money (dividends) or will need to liquidate in a relatively short period of time. For most people I would suggest brass, lead, land and seeds.
Bookmark Gold