(12 February 2013, 21:05)ErikEst Wrote: i meant more like all kind of precious metals and jewelry made of it.
pretty much every previous century silver and gold were highly priced commodity.
converting it to property could immobilize you. what if you have to flee and leave all your possessions you can not carry for long time?
i'm pretty sure there will be lot of marauders in times of crisis willing to steal the precious metals from homes as well as to remove golden teeth from the dead peoples mouths.
i think precious metals and jewelry will be always in high price if there are at least relative freedom of movement of people and goods in any given country.
Oh I completely agree!
I'm expecting the collapse to be partial. If WW3 happens, and there's still a banking system and general government after it all, providing all land is not seized (hasn't been previously in recent history) then I'll be sitting pretty as a landlord renting out properties, mortgage free, cash in my pocket, big smile on my face, never needing to work again.
What about a weather catastrophe? Land will not be seized, but basic commerce still continues. Gold and silver are going to increase in value, and so will my purchasing power!
Don't think of PM's as long term assets to hold forever. If you think like that, then you're clearly showing your lack of understanding for money, financial markets, and how to profit while others are screwing up and penniless. I'm expecting to be rid of all my gold by 2020, at the latest. But....I'll have exchanged for assets of greater value, like a farm, or land, or freehold property to rent out (my favoured option).
I think that making a plan so that you can profit from a partial collapse isn't wrong. If it's inevitable, then why not benefit from it? Better to make the most of it than to play the victim.
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