Seriously, where do you go to liquidate gold, silver, or any other pure metal bullion?
the people selling are large companies selling at a premium. The people buying put in offers at heavy discounts. In the event of a currency collapse, nobody's going to take it over something useful like food.
what good is capital if it can't buy you anything, or if the cost of selling it is significantly higher than buying it?
Gold is a meme. Invest in property, goods, means of acquiring food, self defense, fixing existing stuff, etc. it will be much more useful during a currency collapse.
How is it a meme? Gold is actual money and it can act as savings or active liquid capital. It’s not hard to liquidate as of right now, which was my point. Will it ever be hard? Probably, but you can still own it and use it as collateral. You can buy pre-33 gold that survived the gold confiscation act in the US, so outlawing it doesn’t work. Also, the cost of selling it isn’t necessarily higher than buying it depending on when you bought it originally. If you want to survive a currency collapse, you should be looking at silver, not gold.
Seriously, where do you go to liquidate gold, silver, or any other pure metal bullion?
the people selling are large companies selling at a premium. The people buying put in offers at heavy discounts. In the event of a currency collapse, nobody's going to take it over something useful like food.
Why would you liquidate it?
I guess to answer your question, at least currently, you can liquidate it into fiat at any coin dealer, Reddit, faceboob, etc.
what good is capital if it can't buy you anything, or if the cost of selling it is significantly higher than buying it?
Gold is a meme. Invest in property, goods, means of acquiring food, self defense, fixing existing stuff, etc. it will be much more useful during a currency collapse.
How is it a meme? Gold is actual money and it can act as savings or active liquid capital. It’s not hard to liquidate as of right now, which was my point. Will it ever be hard? Probably, but you can still own it and use it as collateral. You can buy pre-33 gold that survived the gold confiscation act in the US, so outlawing it doesn’t work. Also, the cost of selling it isn’t necessarily higher than buying it depending on when you bought it originally. If you want to survive a currency collapse, you should be looking at silver, not gold.