But if that happened, we're talking Thunderdome conditions. And the Government would confiscate at some point.
Even Rhodium was over $10k an oz in the past year.
thanks - yes, I recall the confiscation - they didn’t want scrap jewelry tho - so if there’s a good, reputable source who wants to trade cash for it, I say why not? what else are you gonna do with a smashed ring or necklace in 4 pieces? Sell it and buy seed, right?
But I agree gold is a risk - I recall not to long ago, gold being trumpeted as going to go as high as 5K/oz - I think Dec 07 it hit 1K and has taken a full year to get back to 1K. Not sure if Any market rules still work, but the wisdom was, to sell into strength, in increments over a set time while watching the market, not ‘all in’ at once, either way. If I had bought at $300, I’d be selling a bit now (but this is, just all hot air since I don’t own any). I did read somewhere that investment gold peeps started taking delivery of their gold instead of rolling it, which pushed prices up a tad - seems it should have driven it up further, tho. jmo
But if that happened, we're talking Thunderdome conditions. And the Government would confiscate at some point.
Even Rhodium was over $10k an oz in the past year.