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re: Can someone explain the pros and cons of gold?
Posted on 4/17/24 at 7:46 am to Bass Tiger
Posted on 4/17/24 at 7:46 am to Bass Tiger
quote:
I saw a precious metals dealer on YouTube showing and talking about Goldbacks awhile back, he said they seemed to be more of a novelty item a few years ago but he claims he's selling a lot of them now, they look pretty
You know there’s a new interest in gold among the everyday citizen when you learn that Costco is selling around 2 billion in gold every year. That’s not Central Bank buying.
1
Posted on 4/17/24 at 8:03 am to OccamsStubble
Gold is the only financial asset without counterparty risk, and one of the few assets to protect against the failure of government-issued Fiat currency. (every fiat currency fails …. 100% in fact)
Central banks are massively buying gold bullion (particularly China, Russia) in an effort to hedge against global financial instability.
Today, you can sell gold through dealers, coin shops, metal brokers, personal transactions, and refinery/ smelter dealers.
The US has announced the implementation of CBDC by January 2030, a mere 5 years away. At that time, you will only be able to liquidate gold in the US through government-registered gold dealers. You will still be able to sell it off shore in the same manner as today. (Which is the same way a crypto transaction will work offshore)
Central banks are massively buying gold bullion (particularly China, Russia) in an effort to hedge against global financial instability.
Today, you can sell gold through dealers, coin shops, metal brokers, personal transactions, and refinery/ smelter dealers.
The US has announced the implementation of CBDC by January 2030, a mere 5 years away. At that time, you will only be able to liquidate gold in the US through government-registered gold dealers. You will still be able to sell it off shore in the same manner as today. (Which is the same way a crypto transaction will work offshore)
This post was edited on 4/17/24 at 8:17 am
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