If you buy physical gold, how does one go about converting that back into liquid cash without getting fleeced? Where do you sell it? I don't get the impression that pawn shops or jewelers pay fair amounts... what am I missing?
Its a hedge against SHTF scenario - full out crisis.
IF we look at history and dozens of cases of runaway inflation or currency crises (germany, argentina, russia default, venezuela etc) where currencies devalued fast in a short period of time - having physical gold (even 5-10% of the total portfolio) would have alleviated the pain.
people lost life savings... and will lose again, as history often rhymes again and again.
readhn|6 years ago
IF we look at history and dozens of cases of runaway inflation or currency crises (germany, argentina, russia default, venezuela etc) where currencies devalued fast in a short period of time - having physical gold (even 5-10% of the total portfolio) would have alleviated the pain.
people lost life savings... and will lose again, as history often rhymes again and again.