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Which is nonsense. Hyperinflation can occur without the financial system crumbling. And in that scenario you’ll be glad you had a position in gold, even just
by danhak 6y ago
Which is nonsense. Hyperinflation can occur without the financial system crumbling. And in that scenario you’ll be glad you had a position in gold, even just digitally.
- grizzles 6y agoYour broker could change their T&Cs to enact a 1% conversion to USD fee. If you own 100 gold bricks, that's the same as them walking in and confiscating 1 of them. Presumably that's something that wouldn't happen if you owned the actual physical commodity.
- danhak 6y agoStorage, security / insurance and exchange of physical gold is not free either.