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Yeah, 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
by ThrustVectoring 7y ago
Yeah, 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.