How much GOLD is enough, to provide security for your family ?

I try and buy as much GOLD as possible every month usually between 3 - 4 OZ a month
and I usually split that up between Krugerrands, Liberties and Saints, but I have really
been wondering how much is enough, with rising inflation and the fed constantly moving
up rates, whats a comfortable amount to hold ? but of course tis is an individual situation
based on your budget.

 

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I like to split between gold/silver Mapleflex sheets ! In case we may need them. Come in 1 -1oz, 4 1/2 oz and 8 1/4 per sheet breakaways 5 oz per sheets?

 

oops doubled? Alexa?

 

There is no answer to this question. As much as you can afford?

 

Of course budget is part of the discussion also GOLD value in the future and
who knows what that will be, most like to have assets split up that way there
covered on all fronts.

 

What do you mean by "security for your family"? Are you trying to buffer against the economy completely collapsing? Like an emergency fund to get out of the country? Or something like that?

Unless some kind of apocalyptical situation occurs (What are the chances?), then precious metals are not the most efficient way to ensure long-term financial security. If you have enough disposable income to purchase 3-4 ounces of gold each month, then tossing that money into mutual funds will almost assuredly outperform gold over the long run (put some in foreign markets if the US markets scare you). There are other more tangible assets, like real estate, etc for which the same is true.

Gold would be nice to have if things really went to hell in a handbasket, however, I'm not sure it would even be the best thing to have invested in under those circumstances. At some point, the most forward thinking investment would have been guns and piles of ammo. But, if things get that bad, then I don't really think that I'd want to stick around anyway.

All just my opinions of course, each to their own.

 

Stocks are in the crapper, and I am sure they will be that way for sometime
especially with the fed constantly raising rates which has allot of ripple effect
such as real estate, my son sales real estate for a living higher interest rates
means fewer clients can afford homes, I really like physical GOLD its something
you can hold on to and its real, gives me allot more security then anything
else at least at the present time anyway.

 

Yes, as much as you can afford is a great answer and that's how most of us "foamless" collectors roll!

 

In the worst case scenario the single best thing to own is land and the ability to grow food on it.

 

Hence the reason the wealthiest billionaires are buying dirt in huge amounts of acreage, ie: Bill Gates, Ted Turner and Jeff Bezos.

 

If we are talking about a truly "worst case scenario" here, then "owning" land won't really mean anything. When brutality rules, the person that stockpiled the guns and ammo will also have the land

 

if Armageddon happens paper money will be worthless, stocks will be as well
the only thing Thant wont be will be PM,S most mentionable will be GOLD, would
say Silver but to a much lesser extent only be cause it would be far to heavy for
the value 1/10 OZ GOLD coins would be ideal as you could carry allot of those
and still have money

 

Hopefully those with the guns would be too busy killing each other off.

 

Assuming that a semblance of society, productivity, and a functioning economy remains, precious metals will probably always retain some value. But, in a truly worst case scenario (not enough food to keep everybody alive, zero manufacturing, etc) gold will be perceived as exactly what it's been all along...... A pretty, but useless, hunk of metal.

Just like fiat currency, gold only has value because we all agree that it has value. In reality, aside from a few negligible manufacturing applications, it has none.

Paper....Metal.... when it comes down to it, it's all the same useless stuff if you can't eat it, drink it, shelter yourself with it, or make something useful out of it.

Artificial stores of wealth only work when there is excess wealth to be stored.

 

Not talking about a worst case scenario by any stretch of the imagination. When it all shakes out with the WEF, those ultimately in control, want a meatless, fossil fuel free, population reducing, bend the knee to them, society.

A plant based diet means fertile farmland to harvest. Even a carnivorous society needs grazing land for the livestock.

Makes you 'wonder' why Billy Gates is such a strong proponent of plant based burgers. Always follow the Benjamin's.

 

in a bad situation there would need to be some kind of trade going on to
get the limited goods that would be available, GOLD and silver would be
the only game in town or trade goods for work, depending on the situation that
is.

 

Stocks are ON SALE.

If you buy anything when the price is high and sell it when the price is low, you aren't going to make out very well.

If gold drops to $1500, will you buy less per month, or more per month?

 

my investment strategy is long term so
prices will move up and down, since I am
not a flipper when it comes to GOLD
I buy every month regardless of price

 

my investment strategy is long term so
prices will move up and down, since I am
not a flipper when it comes to GOLD
I buy every month regardless of price

 

In a bad situation, why would anyone trade valuable food, water, shelter, weapons, or ammunition for completely useless gold or silver?