Reply to Husband want to convert all savings into gold

Forum Index » Money and Finances

Reply to "Husband want to convert all savings into gold"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]IMO, it sounds like he knows just enough to be dangerous.  I think converting “all” of your savings into gold is nuts, particularly when to do it at this scale, what you are likely really talking about is converting it into unsecured claims against financial entities that may or may not actually be holding sufficient (or any) gold that could actually be delivered.  Equities are a pretty good hedge against most inflationary scenarios.

That said:  if you can afford it, IMO it is a no-brainer to have a small portion of your overall portfolio in physical gold that is actually in your possession.  I don’t think you need that much of it to hedge against the kinds of risks your DH is concerned about, since so few people have any.  Also it will likely ease his mind, and worst-case you have an interesting heirloom to pass down to the kids.  This is a constructive step, compared to a mass movement into non-diversified paper gold clams of uncertain value, which seems to me just asking for a catastrophic blow up.  [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics