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<p>[QUOTE="medoraman, post: 1338979, member: 26302"]That is fair Woody, and I agree many do not trust stocks any longer. The point about a post apocalypto world, though while fair that maybe some believe that, bears examining. If the stuff really does hit the fan, why would anyone want any metal that was not a gun or bullets? </p><p><br /></p><p>Gold is an excellent contra asset to help smooth out returns of other assets. It has done this the last few years. Its also an excellent store of value. It could also be a good investment if you are expecting prolonged inflation or a currency shock in the nation you live in. In a healthy economy or a post apocolyptic world, its a poor investment. Most of us here invest in gold and/or PM as either a hedge to other assets, or with the expectation of inflation. If those are your goals then I think its a great investment. If its for an expected doomsday, I would suggest rifles, ammo, and vegetable seeds living on an acreage away from civilization. I am not making fun of such thoughts, just clarifying what would be valuable. However, if you think only YOUR country is going to heck, a stash of gold could help you move to soemwhere better. That also has been a historical use of gold, to let people leave France in WWII and get to Switzerland, etc.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1338979, member: 26302"]That is fair Woody, and I agree many do not trust stocks any longer. The point about a post apocalypto world, though while fair that maybe some believe that, bears examining. If the stuff really does hit the fan, why would anyone want any metal that was not a gun or bullets? Gold is an excellent contra asset to help smooth out returns of other assets. It has done this the last few years. Its also an excellent store of value. It could also be a good investment if you are expecting prolonged inflation or a currency shock in the nation you live in. In a healthy economy or a post apocolyptic world, its a poor investment. Most of us here invest in gold and/or PM as either a hedge to other assets, or with the expectation of inflation. If those are your goals then I think its a great investment. If its for an expected doomsday, I would suggest rifles, ammo, and vegetable seeds living on an acreage away from civilization. I am not making fun of such thoughts, just clarifying what would be valuable. However, if you think only YOUR country is going to heck, a stash of gold could help you move to soemwhere better. That also has been a historical use of gold, to let people leave France in WWII and get to Switzerland, etc.[/QUOTE]
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