Have you seen that Gordon Liddy ad where he throws a dollar bill away and says gold is the best value? I’m beginning to think he might be on to something - you can’t print gold like you can paper currency!
Investing in gold can be pretty risky. Lots of people got their a**es handed to them last year buying gold in a panic. It was up around a thousand an ounce at one point and then rapidly dropped below $800 at one point. Now it’s trading around $850-$875/oz. I had thought about buying gold coins when it was around a grand but thought better of it thank God. I did OK in gold mines (briefly) but got out pretty quick when it became clear that there were no safe investments on wall street. These days, I think I would be more inclined to buy platinum than gold. I saw platinum trading below gold recently. It makes one wonder WTF is going on. Honestly, I think paying off debt will be the best investment an American can make here in the next decade. I don’t think there’s really a safe investment these days that beats or even keeps up with inflation anyways (except maybe a college degree in something useful).