#8 You Cannot Eat Precious Metals
Investing in precious metals should be done only after you have gathered together an adequate emergency food supply. If the global economy completely shatters, having gold and silver is not going to be good enough. You are going to need lots of food for you and your family. So be sure to take care of the necessities before you invest in precious metals.
Most important point in the whole article.
You can’t eat savings bonds or stock certificates either. That’s just about the dumbest thing anyone can say about gold, with honorable mention going to “it’s heavy” or possibly “assay is required.”
Without regard to whether owning gold makes sense, gold is not an “investment”. By definition an investment is something other than money, and something that provides a return or dividend on that investment. Stocks are an investment. Gold is a form of currency speculation, sort of like buying swiss francs or australian dollars.
Nowhere did the article mention taxes - which are currently 28% on gold and silver. That’s not a good way to “invest” - the underlying measurement in currency loses value, one has merely preserved purchasing power, and the government comes along and wants nearly a third of the “gains”. Nice.