Gold Is Not An Investment.

"A World In Debt" by Freeman Tilden

Digitalized early edition available free online and is downloadable as a PDF. Link below.

https://archive.org/details/AWorldI...lden/page/n2

Bauman Rare Books writes a brief, yet succinct, description of this rare but essentially unknown book. Link below.

https://www.baumanrarebooks.com/rar.../104549.aspx

@grinx76

If you fail to pay property tax, the second owners (I don't have to spell them out) step in and push you out.

Invest in pork belly futures instead.

I work in financial services and the underlying logic (well for people in finance) is that Gold/Silver/Other precious metals are good for:
1) Physical Wealth Storage
2) Hedge against inflation
3) Speculative investment

Looking long term precious metals have not kept pace with inflation, but for speculative investing one can do really well. You could also do really badly, as an example if you purchased gold in 2009 and sold it in late 2011 you would have doubled your money in less than 2 years. BUT if you purchased it on 1/27/2015 and sold it on 5/23/2019 you have lost a few cents plus the cost of inflation. But if you purchased it on 5/23/2019, I would consider selling it as its close to 3/4/2013 high.

Last Tuesday was an excellent day to get out. Proceeds from the bullion piggy bank went into the coin collecting piggy bank.

Sell on top and don't look back. It might go higher.

Neither did my dad fistfulladirt. I was the executor and I liquidated everything. I was surprised that the gold coins were the only things in his accumulation of stuff that were worth much. It changed my perspective on hoarding:

-Don't hoard rocks, old clunker cars, lumber, jars of screws, paint, chemicals and modern proof sets. You have made the executor's life miserable.

-A hoard is only worth something if you sell it. However it can be a good temporary store of value.

While I do agree with the post somewhat, I would argue on the long term ownership. By that, I would say over the course of twenty plus years. In my lifetime, I could have bought gold for under $800 per ounce. But, like most, I was young and held off until age and wisdom caught up with me, or in this case you could say hind sight. Being fifteen years from retirement, silver has the greater return value dollar for dollar. With gold I would be lucky to see a 75 percent return versus double on silver. I bought quite a bit of it around the early 2000's for 6-7 dollars per ounce. Which makes it double based on Fridays close at $17.63 over a twenty year period. One only needs to look back on the charts. On the other hand, and it is more luck than anything, in fifteen years gold may be spiking as it had in 2012. Had I bought at $800 I would have doubled at the time. The current close of just over 1500 still falls short of doubling. Either way, it's the inevitable risk factor. I do have both in my holdings, but much, much more in silver.

What you're missing here, is that paper, whether in currency or bonds are a perceived illusion set by suits around a polished oak table. They are valued in opinion, or "full faith and credit". This can change at any moment in today's global economy. Precious metals, on the other hand, are real and will always hold value. For me, I'll take what's real rather than made up.

So my point is, if you're under thirty buy gold. If older, buy silver. Welcome to the forum!

Ha ha Punman!