6 Replies to “The Bumpy Ride We’re All Going To Take”
Very interesting and erudite discussion. Thank you for posting.
I am curious and looking for some clarity. Do folks that espouse the wisdom of gold ownership actually own bullion? If so, are they storing it in a bank’s safety deposit box?
If they own gold in paper form, do they own ETF’s, ETR’s or individual gold company stock?
I wonder if there is some sort of major economic collapse, if those that don’t own bullion believe that they somehow will be able to liquidate their shares? And, if you bought bullion and stored it in a bank and the bank closes its doors, then are you not also screwed?
My feeling is that if you don’t have the bullion (or any other precious metal) actually tucked away on your property waiting to be used as barter in the event of a crash, then what is the point of owning it?
Murray, I believe in gold as protection or insurance, but I don’t believe in being all in. He explained the use of physical gold retaining value and using it to buy distressed assets when there is an invertible collapse and little value remains in high-quality businesses. This will set you up for greater gains in the future. It is somewhere in the middle of the interview when he talks about this.
Beware paper gold. If I understand things, more gold is traded every day than actually exists.
I agree with you, Dumba$$. Things that people need and use, that produce, are assets and will maintain value. Mind you, the currency may fluctuate wildly.
I don’t have paper gold, but I do have some of the real stuff, silver as well, and no, not in some bank vault either!
However, it’s worth remembering, you can’t eat it. To survive, a SHTF, you’ll need a multifaceted approach.
Very interesting and erudite discussion. Thank you for posting.
I am curious and looking for some clarity. Do folks that espouse the wisdom of gold ownership actually own bullion? If so, are they storing it in a bank’s safety deposit box?
If they own gold in paper form, do they own ETF’s, ETR’s or individual gold company stock?
I wonder if there is some sort of major economic collapse, if those that don’t own bullion believe that they somehow will be able to liquidate their shares? And, if you bought bullion and stored it in a bank and the bank closes its doors, then are you not also screwed?
My feeling is that if you don’t have the bullion (or any other precious metal) actually tucked away on your property waiting to be used as barter in the event of a crash, then what is the point of owning it?
Murray, I believe in gold as protection or insurance, but I don’t believe in being all in. He explained the use of physical gold retaining value and using it to buy distressed assets when there is an invertible collapse and little value remains in high-quality businesses. This will set you up for greater gains in the future. It is somewhere in the middle of the interview when he talks about this.
Beware paper gold. If I understand things, more gold is traded every day than actually exists.
I agree with you, Dumba$$. Things that people need and use, that produce, are assets and will maintain value. Mind you, the currency may fluctuate wildly.
I don’t have paper gold, but I do have some of the real stuff, silver as well, and no, not in some bank vault either!
However, it’s worth remembering, you can’t eat it. To survive, a SHTF, you’ll need a multifaceted approach.