So that happened……..
Normally I don’t buy these little divisibles because the premiums are way high. But, like the little 1-gram gold I bought a few months ago, these had a stupidly low premium … 1.25% over spot. And, thats actually a worse deal than I got on those 1-gram bars a few months back.
I have absolutely no doubt that someone is scrambling to make a post about how I shouldnt be spending money on this sort of thing and should instead be focusing resources on the land acquisition. Dude..use your head: this gold is part of those resources for land acquisition. If a deal like this comes up, I’ll convert some of that cash into gold. Net effect? $0 difference. $200k in cash, and $150k in cash and $50k in gold is still….$200k. Except theres the likelihood of the gold being worth more by the time its time to make the purchase. And, yeah, could go down too…but thats not really something I’m worried about these days.
Putting your spare money into gold makes more sense than buying rifle #56 or pistol #82 that are just going to sit in your basement.
56? 82? Oh, mi amigo….undercounting!
It’s a pretty consistent theme that metals are actually money , the paper is just a game . More so now then ever .
Keep stacking, you can’t buy land with dollars when the owners realize the dollars are worthless .
I think a handful of those little gold divisible bars are a great idea. And I agree with you that gold prices are not likely to drop anytime soon.
Not that my opinion matters, but I think your gold purchase is a wise decision.
“Universal Currency” would be something like BTC. What you have there is Universal Money. One can never go wrong holding real money in these times of lies, fraud and receipt.
The rest of the world has wised up to the fact that the USA cannot sustain the current debt level and solve it by printing money. Big players are taking advantage of the paper contract price manipulation and are standing for delivery of PM’s at a rate never seen before, so we should be doing the same.
If you have the cash to spare, it’s always wise to replace fiat currency with hard assets (land, weapons, tools, precious metals). And with Israel’s attack on Iran, gold’s spot just jumped $50.
They also make similar ones of silver, although I think the piece sizes are larger in Ag than Au. I’ve thought one of each might be a good addition to my travel kit as part of the “get home” gear.