Husband want to convert all savings into gold

[Anonymous]

Let me guess. He is buying the gold as coins off some website he heard about. Whoever is minting the coins is making money off them. That is why they keep pumping them.

If he really cares about this buy some stocks that deal with gold and gold mining instead. None of this prepper crap.

[Anonymous]

Anonymous wrote:He is assuming gold continues to have value. Real estate makes sense to me. Gold never has.

+1. I’d be buying land, not gold.

[Anonymous]

There is never much trouble until the break happens then it happens quickly. There is no doubt there will be a currency crisis it’s just a matter of time when. The expansion of the money supply is now on autopilot and nobody wants a loss in confidence so it can be psychologically delayed but the writing on the wall is that the Fed cannot allow interest rates to rise under any circumstances because it will bankrupt the government and prick the massive bubble that has been purposely inflated.

Physical Gold is about the safest in regard to actual money if the currency collapses. That’s why the government has Fort Knox in case they have to start over the currency with gold backing after a complete collapse and bankruptcy. But owning is could actually be dangerous in a desperate era. So many unpredictable scenarios would occur that probably the best currency is guns and ammunition. In a collapse , 12 gauge and 9 mm shells could easily be used as money. Tell him to pick up a box or 2 of ammo periodically but to invest in essential businesses with dividends.

[Anonymous]

This is some bs conspiracy nonsense.

[Anonymous]

No financial advisor would ever tell you to move all your assets into one investment. That is just way too risky. No way!!! Diversify.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If the dollar collapses, what makes him think gold hold value? If the dollar collapses and takes the economy with it to the extent that gold is the only viable store of value, what makes him think that someone who has invested in ammunition (the next step for gold bugs), won't just take his gold.

If the dollar collapses, gold and silver will be the only things that have value, because they’ll be the only thing anyone will take as payment for things you want (e.g., food).

That won't happen. What is this, Iraq?

[Anonymous]

Anonymous wrote:

Anonymous wrote:He is assuming gold continues to have value. Real estate makes sense to me. Gold never has.

+1. I’d be buying land, not gold.

Me too.

[Anonymous]

Or buy guns and ammo. Sort of joking, but they do appreciate and would serve as currency in case of a social collapse. I mean, more useful than gold -- although I wouldn't want a stockpile of guns in my house.