Having read about the London gold fix recently i wonder why is gold (or anything for that matter) a safe place to put your faith in.
When a few bankers decide on the price twice daily (I call this manipulation) and the free markets (or me and you) have no say whatsoever whay are we so invested in it?
Please offer some input
Gold is a nice way to preserve wealth across generations and currency collapses.
You need a functioning economy to buy it in trustworthy amount/quality. You also need a functioning economy to sell it for more fungible currency. There was a post years ago about surviving the Argentina collapse and that guy recommended buying junk gold jewelry like small 14k rings for barter—because when the SHTF, no one trusted allegedly high quality gold and valued everything as 14k by weight.
Buy some gold, sure, but don’t sink all your wealth into it.