So you think you own Gold?
I believe it is better to own Gold Stocks, rather than Gold Bullion or Coins if you believe the metal is going to keep rising,and the Dollar isn't going to collapse
(as I do).
If you believe the Dollar is going to collapse,
then by all means keep buying the bullion/coins.
No matter which way I think about Gold, it must first be turned into cash before you can spend it.
The only time that Bullion or coins will be any good is if the currency completely collapses, and you are willing to leave the country at a moments notice, and leave your possessions behind, or you can wait out until a new currency is established?
1.Tomorrow the American Dollar completely collapses.
2.The banks close.
3.There is rioting in the streets, and store shelves are completely emptied by people in panic.
4.Utilities are shut down as no one can pay their bills.
5.Transportation stops, as the Dollar will no longer be accepted for gasoline/fuel.
Now tell me. What good is your Gold during such an event? It will do you no good as you won't be able to buy anything with it for quite awhile. (In Germany it took over 4 months to establish the new currency.)
As I stated, if you can wait out until a new currency is established (as it was in Germany in 1923) you will be in a premier position.
You can buy the new currency with your Gold, and not lose a Penney.
Those holding the Dollar will become destitute.
In the interim be prepared to leave the country, and come back when the new currency is issued, and things have settled down.
AI
