Posted on 01/14/2015 3:37:45 PM PST by MarchonDC09122009
Thanks for weighing in with your input - good counterpoint.
Obviously the answer is to put funds in a government controlled/guaranteed account. It’s for your own safety. Put it into something safe over time, like US Treasuries.
Physical gold is a pain in the neck to deal with. It is heavy it needs to be stored in a safe place if you sell it has to be assayed for purity etc etc
1- What you have is not worth what ‘you’ think it is worth;
it is worth what ‘someone else’ thinks it is worth.
4- if there are no buyers, then there are no sellers; and vice versa.
I've a friend who has an interesting investment strategy. For every ounce of gold he buys he buys 10 pounds of ammo.
He sez if you don't have the means to keep your gold and food etc. you don't own it.
OK. Fair enough. You were falsely accused. Apologies.
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