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<p>[QUOTE=&quot;Clawcoins, post: 2412985, member: 77814&quot;]Buying into assets (physical gold, silver, other pieces, art, coins, diamonds, etc) as a bet against cash, retirement accounts has it&#039;s own ups and downs.</p><p><br /></p><p>Here&#039;s a chart adjusted for inflation (check box at the top) of the price of Gold over time.&nbsp;&nbsp; <a href="http://www.macrotrends.net/1333/historical-gold-prices-100-year-chart" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.macrotrends.net/1333/historical-gold-prices-100-year-chart" rel="nofollow">http://www.macrotrends.net/1333/historical-gold-prices-100-year-chart</a></p><p><br /></p><p>back in the 2009 recession people were not buying many assets and/or their value decreased considerably.</p><p><br /></p><p>Thus, if you plan on using certain assets during depressed times you may lose money on that. How much, well, you&#039;ll find out as it&#039;s all dependent.</p><p><br /></p><p>I tried to sell an asset in 2010 that was worth $2,000 just 2 years earlier.&nbsp; Then it was near worthless as there were no buyers for much of anything.&nbsp; It&#039;s not worth anything if there are no buyers.</p><p><br /></p><p>Learning to save and distribute the savings by using multiple mediums will provide better wealth.&nbsp; For instance, I found a savings account that pays 0.7% interest (American Express apparenty has a 0.9% savings acct) or 13mth CODs that pay 1.15%+ which are much better than most .&nbsp; Or even income/interest type mutual funds.&nbsp; Granted, no where like they used to be in the early 1990s where I have a guaranteed minimum account at 5.5% (long ago discountinued though I&#039;m grandfathered into it).</p><p><br /></p><p>Also in the US we have banks and Credit Unions though both are insured to certain amounts by the Federal Govt.&nbsp;&nbsp; I know EU banks have been buying like crazy to balance out the various gov&#039;t debts and cash flow. I&#039;m curious when it&#039;s all going to come crashing down.</p><p><br /></p><p>But you have to be careful.&nbsp; Are you buying diamonds at retail, when you may or may not knowing selling them would be a huge loss, and dependent upon the market ?</p><p><br /></p><p>It&#039;s best to make sure you have a roof over your head, then emergency cash to keep that roof over your head if you income is stalled, then start distributing savings around, and building up various investments that grow well.&nbsp; It all requires research and talking to many investment people that can give good analytics on good savings/growth areas.</p><p><br /></p><p>But in the end there are no guarantees.&nbsp; A meteor could hit your house and hit the insurance exclusion of &quot;act of god&quot; clause, along with your safe full of cash, gold and diamonds.[/QUOTE]</p><p><br /></p>

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