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That's an interesting implied point. Does it make sense to hold gold on paper, if it's mostly useful in highly messed up situations where paper gold would becom
by ant6n 7y ago
That's an interesting implied point. Does it make sense to hold gold on paper, if it's mostly useful in highly messed up situations where paper gold would become worthless?
- ThrustVectoring 7y agoYeah, I wouldn't do that. Security costs for physical gold are already low if you have a way to securely store a shotgun, most of what you're dealing with is a wider buy/sell spread, which is pretty small overall. The problem with "paper gold" of various sorts is that it usually winds up being a promise to give you a certain number of dollars based on the spot price of gold. This is a problem if dollars stop being of practical use. There's still a hell of a lot of things that are better to do before buying physical gold here, of course. Bigger risk-mitigation moves are like, minor emergency preparedness, own-occupation disability insurance, term life insurance, and dumping a ton of money into the stock market for getting enough long-term price appreciation.