7 ms·
If you buy physical gold, how does one go about converting that back into liquid cash without getting fleeced? Where do you sell it? I don't get the impressio
by newnewpdro 7y ago
If you buy physical gold, how does one go about converting that back into liquid cash without getting fleeced? Where do you sell it? I don't get the impression that pawn shops or jewelers pay fair amounts... what am I missing?
- readhn 7y agoIts a hedge against SHTF scenario - full out crisis. IF we look at history and dozens of cases of runaway inflation or currency crises (germany, argentina, russia default, venezuela etc) where currencies devalued fast in a short period of time - having physical gold (even 5-10% of the total portfolio) would have alleviated the pain. people lost life savings... and will lose again, as history often rhymes again and again.