I was the guy who bought at $1800 ten years back, and then sold last summer after it had sat dead in the water for nine years... so don’t look to me for investment advice.
But I’ll say this, when SHTF, I don’t see gold being very useful, and the same with silver. Dollars may be worth a lot less, but that will be the method of payment until there are no more payments made on most anything. At that point, lead is the coin of the realm.
Nonsense. For 5000 years there has never been a period you could not use gold as a store of wealth and a medium of exchange no matter what the turmoil or circumstances.
Those of us with supplies of lead and brass, along with chromium steel, are becoming a resource to our college-brainwashed offspring, now that they are finally starting to wake up.
As in “Hey Dad, could you spare some ammo from your stash? There’s none to be found!”
The purpose of gold is as a store of value, to re-establish yourself AFTER things settle back down.
Sorry to hear that, timing ( watching financials) is everything. I jumped in 2001, gold was $260 oz....silver $3.60.....paper money is for paying and playing, gold is for preserving your wealth. Another piece of advice,youngsters, before you invest in anything at all, start with some physical PMs, then build from there. PMs, besides being a 2000 year old wealth preservation instrument, it is also wealth insurance....all paper instruments can and have gone to zero....none have lasted more than 100 years. Good luck to all, the mayhem in paper assets is just starting.
Bottles of fine Liquor, Gold has to stay close to you. Gold certificates are as useful as that non-existent metal in Fort Knox. If you have it you are going to be hit and hit hard. Liquor on the other hand lasts a long time can be buried in the woods. When you use it for payments you can cry about how it breaks your heart to part with that last bottle (never mind the 774,000 bottles you have buried on your property.) If you are truly in the suck people will crave that liquor like mamas milk, it definitely has value.
So you got to let your precious go for a bag of toilet paper and 2 lead molds... This also can be done with Pot or other bed things but I’m not interested in that end of it.