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re: Gold is a stagnant investment
Posted on 4/7/13 at 2:59 pm to rintintin
Posted on 4/7/13 at 2:59 pm to rintintin
First scenario my opinion is that could work if your local economy isn't the USA since if the USA collapses there will not be many places to move to who are not suffering almost as badly.
The second scenario could work if you could protect your assets of course, regardless of place of residence.
Obviously its all theoretical and if you have the money and the gold insurance works then you win and I lose.
The second scenario could work if you could protect your assets of course, regardless of place of residence.
Obviously its all theoretical and if you have the money and the gold insurance works then you win and I lose.
This post was edited on 4/7/13 at 3:17 pm
1
Posted on 4/7/13 at 3:43 pm to Teddy Ruxpin
quote:
First scenario my opinion is that could work if your local economy isn't the USA since if the USA collapses there will not be many places to move to who are not suffering almost as badly.
Yeah that's the kicker. We're in a situation living in the US where if our currency collapses overnight, much of the developed world will feel the effects also. I guess that makes the second scenario the most likely situation for us, and as you say protecting your assets will be a high priority, which also justifies your earlier assessment about having more guns....or a good hiding spot.
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