If you live in a country that has potential financial catastrophe looming it might be a good time to invest in gold and silver. The worth of paper and coin money is only as trust worthy as those people who trust in it. With inflation and default of governments, having a stockpile of gold and silver means that you possess a type of currency that is separate and very different from what "normal" people consider currency. Gold and silver will maintain its worth over many generations and when governments collapse and cease to exist your money, your real money (gold and silver), will maintain some sort of worth on the international market. Prices increase and decrease, however whatever the case your gold and silver will have some sort of value to it, whereas paper money can be made worthless on a run on the banks, government shutdown, or times of great distress such as war.

Even having a stash of paper money would be better than relying on the banks. When the money stops flowing from the banks to the people having a store of such bank notes means that you could still buy and sell.

Do any of you invest in gold or silver? What are the best ways you know of to exchange it for other currencies? How do precious metals get exchanged across borders? How do you tell if the metals you carry are really what they claim to be; is there some sort of test to check the purity of those metals?

Some questions of curiosity... what are your opinions?

Cheers!
-warmfuzzy

--- Mystic BBS v1.12 A49 2023/04/30 (Linux/64)
* Origin: thE qUAntUm wOrmhOlE, rAmsgAtE, Uk. bbs.erb.pw (700:100/37)

putting some thoughts down:

- Always address Risk in how you design an investment portfolio.
- Sometimes losing-less is a partial win.
- Liquidity and the friction to buy/sell is an consideration.
- Diversification is your friend.
- Develop your own personalized approach to the tools you can use. (Some are comfy with Puts/Calls, Doubling Down, System Diversification, and all of that, others work with a subset or not much at all)
- Consider your time-in-life (risks and illiquidity concerns change at you retire and approach EOL)
- Have a Plan-B (and Plan-C) for potential issues.


Now as for the right-now Gold, Silver.

Some say divest 20% when it hits your target, and hold the rest.
Some say continue to take the ride.

Avoiding the costs of selling is part of playing the metals game. You are not going to get around some slippage there.

When metal is moving the buy/sell numbers tend to spread differently than the steady-state numbers.

Agree to avoid derivative (aka paper) metals for the most part.

(I am not an investment person, so I could have this all wrong).

... The only place I want data loss is on my credit card!

--- Mystic BBS v1.12 A49 2023/04/30 (Linux/64)
* Origin: thE qUAntUm wOrmhOlE, rAmsgAtE, Uk. bbs.erb.pw (700:100/37)