the only thing with gold is how do you liquidate it? the only places to buy are selling at over market value, and the only places to sell it are buying at under market value. it seems like there needs to be a catastrophic swing in value in order for the investment to be worth it.
Yeah, in a lot of ways it seems like a scam to make dealers money. I have a small amount of silver. All well known minted coins, so pretty much the easiest to trade, authenticate, etc. You're stuck buying at a premium and selling at a discount. Silver is up 20% since I bought most of it and I'm probably breaking even if I sold them now.
Gold isn't an investment; it's a hedge. You keep gold and silver on the off-chance that your fiat currency of choice becomes devalued into worthlessness and you need something to make purchases with other than wheelbarrows of paper.
I think I understand. I'm skeptical of the idea that people would barter with gold at the local level, more likely it would be with food, water, and fuel. that said, I can see the argument of using gold to buy into whatever new currency pops up, or any existing currency that is being accepted.
the only thing with gold is how do you liquidate it? the only places to buy are selling at over market value, and the only places to sell it are buying at under market value. it seems like there needs to be a catastrophic swing in value in order for the investment to be worth it.
Yeah, in a lot of ways it seems like a scam to make dealers money. I have a small amount of silver. All well known minted coins, so pretty much the easiest to trade, authenticate, etc. You're stuck buying at a premium and selling at a discount. Silver is up 20% since I bought most of it and I'm probably breaking even if I sold them now.
Gold isn't an investment; it's a hedge. You keep gold and silver on the off-chance that your fiat currency of choice becomes devalued into worthlessness and you need something to make purchases with other than wheelbarrows of paper.
Gold is money. Everything else is credit.
I think I understand. I'm skeptical of the idea that people would barter with gold at the local level, more likely it would be with food, water, and fuel. that said, I can see the argument of using gold to buy into whatever new currency pops up, or any existing currency that is being accepted.