Read up on Exeters Pyramid, all your questions ( and misconceptions) will be answered. Gold, cash, equities, all explained….Risk is the key….due note the dollars you hold dropped in purchasing power by 11.7 percent since January….today 98.5…
Paper currencies are for spending, can’t do without it, but note PM’s are for wealth accumulation and preservation….as we are witnessing.
As of today, YOY, USD down 11 percent, Gold up 36 percent in dollars, Silver up 36 percent in dollars.
God gave us the ability to Reason. Use it. Holding ( accumulating) debt instruments ( USD) that is losing value every day makes little sense.
The road to Prosperity is built on Awareness.
“Read up on Exeters Pyramid, all your questions ( and misconceptions) will be answered.”
I would argue that the pyramid is probably wrong today with regards to gold. I’d argue, that in a true fiat system, the nation or nations with the largest output backing its currency or currency system is the global safe haven. And I think recent history proves this is true. After all, when the sh*t really hit the fan in 2008 it wasn’t gold that rallied. It was the USD relative to other currencies as well as US government debt. Gold, on the other hand, actually declined by 20%+ at points during H2 2008.
https://www.pragcap.com/exters-defunct-pyramid/