Deleted.

Guess I'm way less than 1% and not even sure ours counts. It would require melting down a lot of stuff.

0.000%, for what it's worth.

The time to buy metals was one year ago, or better yet 5 years ago. Buy low, sell high still applies.

Logos Stick said:

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what percentage of your portfolio.

I might have 1%.

I'm thinking about making that much larger. The interest on the US debt is about to dwarf entitlements. That's never been the case. I'm an older person and am truly starting to worry. First time I've been concerned.

Please help me. Thanks!

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I concur brother Logos

I see a huge amount of inflation and pain and the devaluation of the dollar is inevitable

I was thinking hard about driving downtown to the US Mint Shop on 9th street and picking up some physical. but I just can't square holding coins in a vault versus in my Fidelity brokerage at this point in time.

I now have more than 4% in commodities and Bitcoin (of a million dollar portfolio)

Serious questions here and no judgement, I'm trying to learn something here… I'm guessing you are doing this as a hedge against dollar falling apart correct? If so why not get and etf instead? Is it to hedge against collapse of society and have a form of tender?

pfo said:

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Gold miners, bitcoin and oil and gas producing minerals make up a large portion of my portfolio. The dollar is doomed. Not only is the gov refusing to cut spending, but they aren't even talking about reducing spending.


Some in gov are actually trying to destroy America and the dollar, while others in gov are way too stupid to realize that's exactly what they are doing. But either way, it's going to continue. Gold has been money for 5,000 years, that's a track record no fiat currency will ever match.

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Gold with be useless as a bartering item when it comes to Armageddon. Bullets, medicine, seeds, gas, oil, all things that will be more useful.

I have always thought the same.

I have a Creed - Human Clay vinyl that my wife's boyfriend keeps on my shelf

Dave Robicheaux said:

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pfo said:

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Gold miners, bitcoin and oil and gas producing minerals make up a large portion of my portfolio. The dollar is doomed. Not only is the gov refusing to cut spending, but they aren't even talking about reducing spending.


Some in gov are actually trying to destroy America and the dollar, while others in gov are way too stupid to realize that's exactly what they are doing. But either way, it's going to continue. Gold has been money for 5,000 years, that's a track record no fiat currency will ever match.

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Gold with be useless as a bartering item when it comes to Armageddon. Bullets, medicine, seeds, gas, oil, all things that will be more useful.

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Please explain a previous major world conflict where gold was useless.

Heineken-Ashi said:

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Dave Robicheaux said:

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pfo said:

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Gold miners, bitcoin and oil and gas producing minerals make up a large portion of my portfolio. The dollar is doomed. Not only is the gov refusing to cut spending, but they aren't even talking about reducing spending.


Some in gov are actually trying to destroy America and the dollar, while others in gov are way too stupid to realize that's exactly what they are doing. But either way, it's going to continue. Gold has been money for 5,000 years, that's a track record no fiat currency will ever match.

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Gold with be useless as a bartering item when it comes to Armageddon. Bullets, medicine, seeds, gas, oil, all things that will be more useful.

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Please explain a previous major world conflict where gold was useless. both sides had nukes.

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FIFY. If Armageddon occurs, this is probably all moot.

I think we all agree there is a lot of precedent for precious metals holding their value better than alternatives during rough times, but the idea that it will protect you if society completely breaks down is probably not worth worrying about, much less investing on that thesis.

But hey, if any true believers want to persist, why continue to think of the price of gold in terms of dollars? Wouldn't cans of spam per ounce of gold be a better medium of exchange?

An ETF doesn't give you what precious metals are all about: real tangible wealth.

~20% of net worth … and climbing

Heineken-Ashi said:

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I bleed maroon said:

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Heineken-Ashi said:

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Dave Robicheaux said:

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pfo said:

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Gold miners, bitcoin and oil and gas producing minerals make up a large portion of my portfolio. The dollar is doomed. Not only is the gov refusing to cut spending, but they aren't even talking about reducing spending.


Some in gov are actually trying to destroy America and the dollar, while others in gov are way too stupid to realize that's exactly what they are doing. But either way, it's going to continue. Gold has been money for 5,000 years, that's a track record no fiat currency will ever match.

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Gold with be useless as a bartering item when it comes to Armageddon. Bullets, medicine, seeds, gas, oil, all things that will be more useful.

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Please explain a previous major world conflict where gold was useless. both sides had nukes.

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FIFY. If Armageddon occurs, this is probably all moot.

I think we all agree there is a lot of precedent for precious metals holding their value better than alternatives during rough times, but the idea that it will protect you if society completely breaks down is probably not worth worrying about, much less investing on that thesis.

But hey, if any true believers want to persist, why continue to think of the price of gold in terms of dollars? Wouldn't cans of spam per ounce of gold be a better medium of exchange?

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People buying metals for a society breakdown event are few and small between. People converting fiat money to the longest running historical store of wealth is what's happening. Not to necessarily use it as money, but to convert it back should they need to upon future economic stability being restored.

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Nice pivot.

As I already said, almost all agree on my 2nd point. Care to comment on items 1 (nuke war makes gold moot) and 3 (if dollars are doomed, why do we set the price of gold with them)?

he commented on them in the first sentence. doomsday is not why the vast majority of people are buying.

ac04 said:

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he commented on them in the first sentence. doomsday is not why the vast majority of people are buying.

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Fair enough! A world war sounds pretty doomsday to me, but what do I know? Maybe I was just being a bit argumentative - my apologies.

5%

This has always been my thought. I have a lot of firearms and a ton of ammo and even more reloading supplies. I tend to buy it up when I see estate sales or on the cheap on FB. People don't know what it is worth so I swoop it up. Powder and components will be worth a lot if we collapse.

As far as PMs, I maybe have $25k on hand.