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<p>[QUOTE=&quot;mikem2000, post: 1435916, member: 30574&quot;]What is going to happen?&nbsp; Most pro gold folks on this forum are usually talking about physical gold.&nbsp; Physical gold has many problems. Lets just say you have a decent portfolio of a million dollars, which is not that unusual.&nbsp; If you want to put 10% into physical gold, do you really want to have $100,000 just laying around the house? So there are insurance costs, storage costs, plus the high spreads of buying and selling physical gold.&nbsp; This all eats into the ROI&nbsp; Of course there is the alternitive of buying the the GLD ETF.&nbsp; No storage issues, no high spreads, extremely liquid.&nbsp; Seems a better way to go.</p><p><br /></p><p>But wait you say, I want physical gold because when the whole economy breaks down, I will just have a piece of worthless paper, if I don&#039;t have physical gold.&nbsp; Well, if things get that bad, I have news for you, since you can&#039;t eat, drink, or smoke gold, and it does not keep you warm or dry, there will not be that much demand for gold.</p><p><br /></p><p>In the case of a total collapse, you will be much better off with canned foods, liquor, cigarettes, warm clothes, and weapons if you are protecting yourself against Armageddon.&nbsp; These things will always have bartering power, so stockpile those.</p><p><br /></p><p>I&#039;m afraid the only real reason to hold physical gold is becasue you like it.&nbsp; Nothing wrong with that, but I don&#039;t think it should be justified as an investment.</p><p><br /></p><p>Mike[/QUOTE]</p><p><br /></p>

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