2 ms·
Paper gold, like $GLD and $IAU, is safer than hoarding physical gold, since many vaults can't be trusted. They are scams at many levels: coin purchases, physica
by raincom 7y ago
Paper gold, like $GLD and $IAU, is safer than hoarding physical gold, since many vaults can't be trusted. They are scams at many levels: coin purchases, physical vaults, fraudulent miners (remember Bre-X).
If one wants to buy 2 lbs of gold jewelry, or even wear a 'gold shirt' every day, that's fine. One such gold shirt guy, Datta Phuge, in India got beaten to death. Another gold man in Hyderabad, who wears 2.5 lbs gold all the time, need four buddies around whenever he goes out.
Or go the wild west way: buy guns, live in a bunker.
- mirimir 7y agoI don't live in a bunker, but I do have some gold and silver, in a box under my bed. There's also a loaded shotgun under the bed, with dual pistol grips and laser sight, loaded alternating slugs and buckshot :)