not etfs, but like physical gold. Good investment? or pointless. if so where do you buy it at actual best market price? where do you keep it? deposit box at a bank? or in a personal safe? My notion of having gold in a safe at home is like in some catastrophic emergency where you have to like flee immediately or something, you can take gold with you, buy may not be able to access a bank. yoe 5, age 25 tc 250k
Yes I own physical gold. Yes they did pretty well in the last two years. There’s currently a shortage of physical gold/silver so they are selling at a high premium vs paper gold. Not a good time to buy physical imo. And no I am not planning to run away with my gold. I just don’t trust other people enough to let them hold 100% of my wealth for me.
This guy gets it
there are gold fair/conventions to buy and sell. nowadays maybe over zoom
I think I have like 1 ounce?
I keep my gold in a secret place in the house that cannot be found easily. (No, not in the walls.) That said, physical gold should be (at the minimum) 5-10% of your savings. A lot of folks are fooled into thinking the FDIC is going to save the banks, but the fact is there are something like 10+ trillion in deposits and something like 90 billion that the FDIC has on hand. Guess who pays if the FDIC asks Congress for more money? And guess how much gold is going to be worth if the Fed has to keep printing out cash to make up for the FDIC shortfalls?
Firearms would be better if it ever got that bad. They hold their value very well and are lighter per $ than Looney Tunes gold bars
no, way less efficient volume-wise and not as durable
Unloading a lot would be slightly harder, (but in a true SHTF scenario gold wouldn't have much use), but the durability isn't really an issue in our lifetimes if they're being stored in a regular climate controlled house