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I'd like to buy about $1,000 worth of precious medals that I can lock in a safe or bury in the backyard.

I'd like to buy about $1,000 worth of precious medals that I can lock in a safe or bury in the backyard.

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[–] 2 pts

Precious metals are not for collapse, they are for major currency events, and more general hedge to stonks.

[–] 3 pts

Precious metals are not for collapse, they are for major currency events, and more general hedge to stonks.

They are pointless for an individual, you pay through the nose to trade a physical asset.

Look at what's happening now, there is inflation, so the rich are buying tangible assets like land and rentals, the gold price fell after Biden was elected. Long term, gold is crap as a hedge, it's like a 1.1% return? Bonds and stocks have always done better.

It's a niche commodity that is over supplied, and it's only real point is during a theoretical collapse where money is suddenly worthless but there a fictitious person who suddenly wants to buy all your gold and is happy to drive out to the woods with you and dig it up...? It's ludicrous. Buy a big propane/diesel tank instead, bitcoin, land, inflation-indexed bonds. Buy oil commodities, if inflation goes up so does oil, same with supermarket stocks, people will need to eat regardless of market conditions.

Gold is a hedge for corporations/countries, not Joe Soap in the Ozarks

[–] 1 pt

Long term, gold is crap as a hedge, it's like a 1.1% return?

What are you talking about? In 1915 you could buy an Italian suit with a $20 gold coin. You still can buy an Italian suit with a $20 gold coin today. The purchasing power has remained relatively constant. That's the definition of a good hedge.