Hello. I am just wondering if there are other people here who are like me, who have no faith in the fiat money that we currently have.

I mentioned buying gold bullions to my mother, and she really disliked the idea. She feels that if I opt to keep money in the bank, or invest in the stock market, I will see interest or dividend, and gold does not give "baby gold". She feels that it's just a hunk of metal sitting there collecting dust.

I also wonder about how to store gold bullions. I will most definitely not store it at home, because of the danger of having my house broken into. I have been thinking about storing it in a bank safety deposit box but am not sure how good of a solution this is.

The main reason I want to own gold is because the government keeps printing money. My hard-earned cash keeps losing purchasing power. I just don't have any faith in our paper money. Some people own gold because they foresee an apocalypse of some sort where paper money collapses and everybody needs to turn to an alternative way to exchange goods and services. This isn't what I am worried about, but I can see some sort of parallel between our ways of thinking.

What are some of the advantages of gold-ownership to you? And the disadvantages?

Let's share our thoughts.

This post was edited by JessiWan on Oct 23 2021 04:48pm

The advantage of gold is that it will outlive a complete financial collapse.

However if that actually does happen, you would only need to put 10% of your earnings into gold in order to protect your wealth - any more than 10% is a mathematical waste due to the opportunity cost. THe same goes for bitcoin.

Blue chip stocks like Exxon or Verizon are probably the best bet right now.

Or if you know nothing about stocks, just buy Vanguard and SPY ETF's.

honestly there is no better investment than the donald trump election defense fund

This post was edited by duffman316 on Oct 23 2021 06:05pm

You might want to consider owning precious metal streamers (e.g. Wheaton Precious Metals, Franco Nevada). Look up tickers WPM and FNV. You'll see growth at the company level while simultaneously having direct exposure to precious metal prices. In my opinion, it's a better way to own gold. Your mother is right, owning the yellow stuff yourself does not pay a dividend, and is essentially a pure inflation hedge.

Gold is a bad investment.

It takes safe storage to keep, gives no payments, and only hedges you against the worst possible disaster scenarios, except it doesn't hedge aganst that because if everybody is starving your gold is worthless.

Only reason you should invest in gold is if you can do a commodity analysis and conclude it's worth it on that basis. Same as any other physical asset.

This post was edited by NetflixAdaptationWidow on Oct 23 2021 06:30pm

Only cause its shiny

The idea with gold is not that it helps you during an ongoing crash of the economy/society with mass starvation and all that - the idea is that it provides you with a base net worth after a hypothetical currency reform/hyperinflation.

I've got around 50k in Kruger Rand gold coins in my bank deposit for this exact scenario. I'm fortunately not in a position where I have to put all my investment into profit maximization, so I can afford to skip a little bit of dividend for the sake of hedging against these scenarios. Going by the rate the ECB is pumping out money, hyperinflation/currency reform can unforatunely not be ruled out.


After a currency reform, my gold would have a purchasing power equivalent to 500k++ in today's money.

This post was edited by Black XistenZ on Oct 24 2021 07:22am

This is pretty much what I am thinking.

For me, it's not about having a medium to exchange goods and services with in the event of collapse of society. It's about preserving the value and purchasing power of my money. I want to buy gold with it, while it is still worth something. Gold has intrinsic value, paper money that can be created out of thin air, doesn't.

This post was edited by JessiWan on Oct 24 2021 08:00am

I keep my jew gold in a little necklace.

Seriously though buying gold is a solid idea I think better than crypto and other things people invest in.

I agree with you that the most valuable resources are the ones that cannot just be printed and whose existence is a physical fact.

This post was edited by Skinned on Oct 24 2021 07:58am

Agreed.