If I were going to get into Gold, I wouldn’t even consider having a “Gold Certificate”. lol
That ain’t Gold. (they can burn in a fire too)
I would want REAL Gold, IN HAND. (or safe)
Even solid gold in fort knox is not necessarily safe. Ask the Germans (and others).
[actually, i recently read that Venezuela got some of its NY gold back into the borders of their paradise]
If I were going to get into Gold, I wouldn’t even consider having a “Gold Certificate”. lol
That ain’t Gold. (they can burn in a fire too)
I would want REAL Gold, IN HAND. (or safe)
My point exactly.
The stocks, bonds and annuities were fed for decades by the 401(k)funds that were being pumped in for every month as the 401(k)s really had nowhere else to put ‘your’ money as an investment. Now the ‘investors’ are being downsized right and left and they want/need their money. Taking away the money decreases the values in all of those things that were ‘invested’ in.
It’s like a Ponzi scheme in a way, first-in and the first-out make money and a profit. The late-comers are the ones who get screwed.
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
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.