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Holding Gold is kinda just like holding a foreign, well accepted, currency. As many unofficially countries use dollars because they are more stable than their o
by herbst 3y ago
Holding Gold is kinda just like holding a foreign, well accepted, currency. As many unofficially countries use dollars because they are more stable than their own currency.
You can buy and sell gold anytime at the bank (at least here in central Europe) just like any other currency.
So if you don't trust your own currency it kinda seems like a logical next step. Should the dollar crash it's likely gold won't crash at the same rate, at least not for long.
- AdamN 3y agoWhat's the spread in a local bank for different transactions sizes (100g, 1kg, etc..)?