>>11026960I really don't understand the precious metal purchase, especially in first world, can someone enlighten me?
>hedge against inflationMaybe true if you live in Venezuela or even milder 3rd world countries like argentina. If inflation is above 15-20%, gold is a good investment, but what is the point of buying it if inflation is 4%? Gold can definitely go way below 4% in a year, not worth the risk
>Government can collapse, walking dead, end of dorraruWell if that is the case I rather have some ammo for zombies, or fucking coffee or tobacco for bartering, I think it is absurd that people are imaginative enough to come up with an apocalyptic scenario but yet gold/silver is somehow still valuable in this shithole alternative universe. I don't "buy" it
>FDR gold actOnly good against gullible boomers to buy overpriced numismatic coins, same problems with above, "collector" coins have a much higher chance of being worthless in a crisis than a gold bullion
>but anon buy here sell here, look at my charts, gold will be x then and will be y now bla blaWhat you are doing is not investing but basically trading/speculating. Same can be done with any commodity. You can buy coffee options and do the same shit.
Gold is an absolutely useless investment for 1st world, unless your money depreciates 15-20% a year you should not consider it
