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<p>[QUOTE="ewomack, post: 430686, member: 15588"]I see no reason (yet) to feel insecure about safe deposit boxes. I'm more worried about the dollars I have that are mere bits in a computer system...</p><p><br /></p><p>It's hard to gauge a good time vs bad time to sell in an economic downturn. I try not to invest too much in the first place to avoid having to sell to "make expenses."</p><p><br /></p><p>If everything goes absolutely down the toilet, bullion that has only decorative qualities probably won't be worth much to the population in general. Nor would money. When food becomes scarce, I wouldn't trade a can of beans for gold. I can't eat gold (well, not for nourishment, at least). I would happily trade my gold coin for a can of beans if it means I'm eating that day. But that's in extreme circumstances.</p><p><br /></p><p>Buy sell or hold depends on the % you have invested. If you're worried about making expenses based on your buying habits, then quit buying until things blow over. Then if you need to, sell.</p><p><br /></p><p>Of course if the prices drop really low buying remains a satisfying option... like a few weeks ago when gold careened down to about $750. I had to buy.[/QUOTE]</p><p><br /></p>
[QUOTE="ewomack, post: 430686, member: 15588"]I see no reason (yet) to feel insecure about safe deposit boxes. I'm more worried about the dollars I have that are mere bits in a computer system... It's hard to gauge a good time vs bad time to sell in an economic downturn. I try not to invest too much in the first place to avoid having to sell to "make expenses." If everything goes absolutely down the toilet, bullion that has only decorative qualities probably won't be worth much to the population in general. Nor would money. When food becomes scarce, I wouldn't trade a can of beans for gold. I can't eat gold (well, not for nourishment, at least). I would happily trade my gold coin for a can of beans if it means I'm eating that day. But that's in extreme circumstances. Buy sell or hold depends on the % you have invested. If you're worried about making expenses based on your buying habits, then quit buying until things blow over. Then if you need to, sell. Of course if the prices drop really low buying remains a satisfying option... like a few weeks ago when gold careened down to about $750. I had to buy.[/QUOTE]
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