“Not ‘everyone’ is a gold bug now. Barely anyone is, as far as I can tell.”…perhaps. But I just had a neighbor tell me I should be buying gold. Starting to sound am awful lot like the shoe-shine guy giving stock tips.
…and one other question for retired gold bugs that use their retirement account(s) for income (not for what seems to be the standard BPR reader that has ‘living expense’ wealth outside of what they use to follow BPR investing): when the fiscal merde finally hits the ventilateur, and the dollar is just paper, what’s your plan to use that gold for day-to-day existence?
It’s not completely out of the realm of possibilities that gold is officially reintroduced into the financial system in some form or fraction of backing to USD. If that was the case (likely at a vastly higher offical central bank fixed price), then liquidity would probably be available for any gold holder wishing to cash in at (most likely) their own local bank. If that doesn’t happen, most metal holders sleep well at night and probably plan to quietly pass the metal onto their heirs before they kick the bucket. I don’t hold the metal for investment returns or some chance of needing to use it for transactions in the market place at some time - it’s just insurance. Anyway, that’s my best guess at this time in history.
Well in My opinion , I could borrow against it , as there is something that I can and even You could put Your hands around. It is not digital , Yes Steve , I know buy , buy. . That is the way I see things. May be wrong . Will not be the first time and not the last time. But hard to say what the future holds , not knowing!
“Not ‘everyone’ is a gold bug now. Barely anyone is, as far as I can tell.”…perhaps. But I just had a neighbor tell me I should be buying gold. Starting to sound am awful lot like the shoe-shine guy giving stock tips.
…and one other question for retired gold bugs that use their retirement account(s) for income (not for what seems to be the standard BPR reader that has ‘living expense’ wealth outside of what they use to follow BPR investing): when the fiscal merde finally hits the ventilateur, and the dollar is just paper, what’s your plan to use that gold for day-to-day existence?
It’s not completely out of the realm of possibilities that gold is officially reintroduced into the financial system in some form or fraction of backing to USD. If that was the case (likely at a vastly higher offical central bank fixed price), then liquidity would probably be available for any gold holder wishing to cash in at (most likely) their own local bank. If that doesn’t happen, most metal holders sleep well at night and probably plan to quietly pass the metal onto their heirs before they kick the bucket. I don’t hold the metal for investment returns or some chance of needing to use it for transactions in the market place at some time - it’s just insurance. Anyway, that’s my best guess at this time in history.
Well in My opinion , I could borrow against it , as there is something that I can and even You could put Your hands around. It is not digital , Yes Steve , I know buy , buy. . That is the way I see things. May be wrong . Will not be the first time and not the last time. But hard to say what the future holds , not knowing!