We are not Zimbabwe and we are not hyperinfalted Germany in 1929. Such ideas are irrational. I don’t disagree that Gold is a good place to be right now if you got in a while ago but I believe that the current prices reflect speculation and panic and that entering at this point entails excessive risk based on my recollection of history. Energy is the lifeblood of an advanced nation. Without it, we die. Gold is just a metal that looks pretty and feels good in your hand. Speculators will take their profits from gold and invest in energy this summer when the business cycle changes. The really big speculators will sell so much gold that they will trigger a sell off and the price will drop and if you miss it, you’ll be stuck with it and you’ll be trying to panic people into buying it so you can recoup your losses later. If it makes you feel better, I did buy some silver bullion though.. because it’s shiy and it felt good in my hand.
On a larger more rational level, gold funds and ETFs work just fine.
Great as a hedge against inflation - which will happen when all the money pumped into the system starts "working" and over working and over working some more....
Until then it's deflation. Gold should be deflating along with the other commodities - the fact that it's not tells us something we don't understand is going on.
Revelation 6:6
“Then I heard what sounded like a voice among the four living creatures, saying, “A quart of wheat for a day's wages, and three quarts of barley for a day's wages, and do not damage the oil and the wine!”