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Why should I buy gold?

submitted by anon to askanon 3.6 yearsSep 16, 2021 17:36:58 ago (+5/-0)     (askanon)



27 comments block

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[ - ] anon 2127455 6 points 3.6 yearsSep 16, 2021 18:04:38 ago (+6/-0)

Its the only asset, except maybe guns, that NO MATTER WHAT happens relys on no other party to hold it's value.

Unlike houses, businesses, shares, bonds, treasuries, money in bank, cash in every form.

[ - ] anon 4190994 5 points 3.6 yearsSep 16, 2021 21:42:42 ago (+5/-0)

It relies on the nature of humans to recognize value in it. Just like Pokemon cards.

[ - ] anon 1641602 1 point 3.6 yearsSep 16, 2021 22:25:55 ago (+1/-0)

Humans have valued gold for all of recorded history. Humans will never stop liking shiny things that don't corrode.

That said; never put all your eggs in one basket.

[ - ] anon 4057899 1 point 3.6 yearsSep 16, 2021 23:24:11 ago (+1/-0)

Plenty of Pokémon cards to diversify your investment.

[ - ] anon 3657236 0 points 3.6 yearsSep 17, 2021 01:36:54 ago (+0/-0)

Houses hold their value, but they are visible so our dear leaders make us effectively rent it from them or get evicted.

[ - ] anon 1983342 0 points 3.6 yearsSep 17, 2021 10:56:39 ago (+0/-0)

I argue that food and water are far more important than gold.

[ - ] anon 2250582 5 points 3.6 yearsSep 16, 2021 17:45:39 ago (+5/-0)

As a hedge against inflation. Year over year consumer price index increased 8.3%, the largest year over year price increase in history. Putting your money in a savings account will earn you 0.01%-0.1% interest on your savings. The value of gold is stable. As inflation increases and the value of the fiat dollar decreases, your wealth is protected from inflation by being locked in a gold reserve. The price per ounce of gold has dropped recently with the let up of quantitative easing, but the US dollar has lost 98% of it's value since 1913, and 40% of all Federal Reserve Notes ever printed were printed last year in 2020. Storing your savings in gold is a hedge against inflation.

[ - ] anon 1700707 3 points 3.6 yearsSep 16, 2021 18:41:10 ago (+3/-0)

depends on what you are buying it for... you cant use it to defend your family nor can you eat it.....

[ - ] anon 3657236 1 point 3.6 yearsSep 17, 2021 01:37:56 ago (+1/-0)

As an alternative to holding dollars or other monetary assets.

[ - ] anon 4138566 2 points 3.6 yearsSep 17, 2021 00:14:20 ago (+2/-0)

Buy lead.

[ - ] anon 3657236 0 points 3.6 yearsSep 17, 2021 01:39:14 ago (+0/-0)

And don't be stingy with it when the hordes come to visit.

[ - ] anon 7360126 1 point 3.6 yearsSep 17, 2021 09:50:18 ago (+1/-0)

You shouldn't, you should buy guns.

[ - ] anon 3924847 2 points 3.6 yearsSep 16, 2021 18:45:59 ago (+3/-1)

In the situation where youd be bartering with gold, i will trade with you nothing. You can not have my food, my animals, my guns and ammo, my women, or reside within my domain. Your gold has absolutely zero value within my domain. I crave not shiny trinkets.

[ - ] anon 4138566 1 point 3.6 yearsSep 17, 2021 00:16:39 ago (+1/-0)

This^^^

[ - ] anon 2250582 1 point 3.6 yearsSep 16, 2021 21:15:03 ago (+2/-1)

The people telling you gold will have no value in an economic collapse are lying to you. Gold was still valuable in Iraq during the Iraq War. Gold was still valuable in Afghanistan. Gold was still valuable in Germany at the end of WWII. Gold was valuable in the Revolutionary War. Gold was valuable in Georgia when General Sherman was committing his scorched earth policy against the CSA. Gold is valuable in Venezuela right now. Gold was especially valuable during the Napoleonic wars. Gold is the only asset with intrinsic value. Gold has always had value, gold is valuable now, and gold will always be valuable in the future. People will always accept gold.

Gold was valuable to the Inca and the Aztecs and the Spanish. Gold was valuable to the Ancient Egyptians. Gold was valuable to the Sumerians. Gold was valuable to the Persians. Gold was valuable to the Greeks and the Romans. Gold was valuable to the Mongols. Gold was valuable to the Han Chinese. Gold was valuable to Guals, Huns, and Magyars. Gold is always valuable.

[ - ] anon 1163718 1 point 3.6 yearsSep 16, 2021 18:42:46 ago (+1/-0)

Only buy gold as a store of value. Gold will have value, stable value, hardly dipping but also hardly gaining, no matter what. Maybe allocate 10% of your savings as a hedge against inflation/stock market crash.

If you are worried about society collapsing, first gather sufficient water, food, and firearms. precious metals will retain some kind of value for the rebuilding period following the collapse. Stack metals for that scenario.

Crypto is probably better, unless you are worried about the entire internet going down worldwide. Which isn't impossible I suppose.

But with enough guns, you will survive anything.

[ - ] deleted 0 points 3.6 yearsSep 16, 2021 22:49:20 ago (+0/-0)

deleted

[ - ] anon 1983342 0 points 3.6 yearsSep 17, 2021 11:01:43 ago (+0/-0)

You shouldn’t imo. I think we should be building ourselves up for 100% self sufficiency. Food and water are far more important than gold.

Buy books that will teach you self sufficiency and trade skills. Learn those skills now, while you have the time.

You should be able to show up to an area with nothing and be able to build a homestead from what the land gives you.

[ - ] anon 4190994 0 points 3.6 yearsSep 16, 2021 21:48:35 ago (+0/-0)

Just be aware, gold is a speculation, not an investment as some have said. You are speculating that the price of a currency or good will change relative to its value. Have some, yes. Buy it when the price is good but it won't "work" for you like a dividend stock or renting out a property.
I just buy whatever assets are undervalued at the time of purchase. That has always done me well.

[ - ] anon 1052538 0 points 3.6 yearsSep 16, 2021 20:18:51 ago (+1/-1)

Depends on how you think the current trajectory will play out.

If the govts are successful in their war on the unvaxxed and the sheeple win, (and you get the jab to stay alive), then society will most likely not collapse and gold will remain an investment.

If the unvaxxed somehow manage to cause enough chaos before their ultimate demise that society ceases as we know it, then gold is of no more importance than anything else people will barter with.

Bartering in a dystopian future will mainly be done with anything people trust - something that cannot be easily forged. Gold as an everyday trading commodity can be done, although fiat currency is much easier to deal with.

An interesting perspective on collapsed society economics:

https://invisibleorder.com/2012/04/05/gilligans-island-economics/

[ - ] anon 2637752 0 points 3.6 yearsSep 16, 2021 19:56:13 ago (+0/-0)

With cash.

[ - ] anon 1030212 -1 points 3.6 yearsSep 16, 2021 20:30:59 ago (+1/-2)

You have a calling for aztec treasure and a drive to kill all in your way to get what you want.
Otherwise you like shinny paperweights.
There's really not another reason why.

[ - ] anon 3519918 -1 points 3.6 yearsSep 16, 2021 19:24:10 ago (+0/-1)

You should not...

[ - ] anon 2512718 -1 points 3.6 yearsSep 16, 2021 18:23:58 ago (+2/-3)

Gold will be useless in an actual collapse of society but for investing it will always have a small upwards gain.

[ - ] anon 1163718 3 points 3.6 yearsSep 16, 2021 18:46:40 ago (+3/-0)

I'd sell people shots of moonshine for their gold during a collapse. I'd probably have to give them change in silver though. Moonshine isn't that expensive and I wouldn't price-gouge too much. I'm not an asshole.

[ - ] anon 1030212 3 points 3.6 yearsSep 16, 2021 20:41:45 ago (+3/-0)

In a collapse sugar will become a rapidly rare luxury. Moonshine as a downstream product will thereby be of a higher price. Hold out correctly and you won't be needing to return any change.