Gold as a replacement for large cash and bond savings

[Mytal]

Seems like you didn't read my full post. Do you use bonds to buy toilet paper? I also did advocate to keep some local currency, just not in large amounts. Anyone using more than 5% of savings/investment for toilet paper needs has some problems best kept private (and in the potty...)

Touche', I am "vested" . I have some extra 18,20- grand would love to park somewhere. Bonds , if you think so. I do not . everything is nuts, I will always buy tp with tp. awaiting a few pharms and amazon to cool down.

[motocat]

Touche', I am "vested" . I have some extra 18,20- grand would love to park somewhere. Bonds , if you think so. I do not . everything is nuts, I will always buy tp with tp. awaiting a few pharms and amazon to cool down.

I think "parking" in gold is always a good idea, at least if 6 months for more. Anyone who has practiced this over the years would have done FAR better then just keeping it in some near zero rate savings account (even if in some years you take a loss). I say no to bonds -- use gold instead. Yes on tp for tp -- that's the 5% I mention above.

[sasksilver]

I think "parking" in gold is always a good idea, at least if 6 months for more. Anyone who has practiced this over the years would have done FAR better then just keeping it in some near zero rate savings account (even if in some years you take a loss). I say no to bonds -- use gold instead. Yes on tp for tp -- that's the 5% I mention above.

The guys who bought in 2011 and parked it in gold for 6 months plus seen horrible losses. I do love gold as a long term storage of wealth, kinda kicking myself for not switching to gold from silver sooner...but such as life

[t00nces2]

It is likely we will all have first hand experience of the ramifications of Greshams Law and exactly which forms of currency will be considered "bad money" and which will be considered "good money". I fear the cell phone starers will come quickly to realize their lack of "good money" resources.

[motocat]

The guys who bought in 2011 and parked it in gold for 6 months plus seen horrible losses. I do love gold as a long term storage of wealth, kinda kicking myself for not switching to gold from silver sooner...but such as life

I have not heard of anyone just parking in 2011. Take on average over the years, and see how someone ended up. I've been buying every year since 2007, average cost is under $1300 -- that has done far better then if I used fiat for parking. With silver, I have held since a boy in the 70's, that to has done far better than fiat. Bankers dollar fiat (as with all fiat) is multiplying like maggots feeding on a dead body to zero, people just don't realize it because it has not (yet) lost value fast enough.

[sasksilver]

I have not heard of anyone just parking in 2011. Take on average over the years, and see how someone ended up. I've been buying every year since 2007, average cost is under $1300 -- that has done far better then if I used fiat for parking. With silver, I have held since a boy in the 70's, that to has done far better than fiat. U.S. dollar Fiat is dead, people just don't realize it because it has not (yet) lost value fast enough.

I would consider those who bought in 2011, chasing the fear of missing out, and have held praying to break even as people who parked their cash. Regarding the US dollar being dead... possibly...you better hope not...Fiat crashes to the point of hyper inflation the violence that will insue after...I suspect you are not prepared for such a scenario...as much as I hate the dishonest system we have...gonna be real scary (or fun depending on your prospective)

[motocat]

I would consider those who bought in 2011, chasing the fear of missing out, and have held praying to break even as people who parked their cash. Regarding the US dollar being dead... possibly...you better hope not...Fiat crashes to the point of hyper inflation the violence that will insue after...I suspect you are not prepared for such a scenario...as much as I hate the dishonest system we have...gonna be real scary (or fun depending on your prospective)

The "US Dollar" that most people know is a fraud that rewards soft handed thieves and liars, not those who provide quality product, work, and good ideas. I don't believe a mad max scenario will happen-- rather one can look to events that transpired during the last hyperinflation in Argentina and 1920's Germany for examples. I am not one to fear change and the work required to create a better society, and rather enjoy action and things creatures of comfort consider scary. Bring it on, no worries about my prep, may even take a trip to "sask" shall the time come that help is necessary. Tired of seeing arrogant fat cats get rich on the labors of others. Regarding the 2011 late to the party lemmings, I think they deserved it, only getting on the bus because it was on the news, having no beliefs or ideas, just the typical speculators dreaming of getting rich in a short time.

[LongDonSilver]

The "US Dollar" that most people know is a fraud that rewards soft handed thieves and liars, not those who provide quality product, work, and good ideas. I don't believe a mad max scenario will happen-- rather one can look to events that transpired during the last hyperinflation in Argentina and 1920's Germany for examples. I am not one to fear change and the work required to create a better society, and rather enjoy action and things creatures of comfort consider scary. Bring it on, no worries about my prep, may even take a trip to "sask" shall the time come that help is necessary. Tired of seeing arrogant fat cats get rich on the labors of others. Regarding the 2011 late to the party lemmings, I think they deserved it, only getting on the bus because it was on the news, having no beliefs or ideas, just the typical speculators dreaming of getting rich in a short time.

I very much afraid that you are correct. I also believe that the average "Joe and Jane" are more worried about getting one more tattoo or nose piercing to worry about what's going to happen to their world in the coming decade or two. The so called Robinhood crowd will in the blink of an eye be chasing the growth of the minute investments and will switch to green new deal stock if someone tells them that gold is so last year. Having an original thought has been banned, so much better asking their digital computer voice to do the thinking for them.

[Lawrence]

I have not heard of anyone just parking in 2011. Take on average over the years, and see how someone ended up. I've been buying every year since 2007, average cost is under $1300 -- that has done far better then if I used fiat for parking. With silver, I have held since a boy in the 70's, that to has done far better than fiat. Bankers dollar fiat (as with all fiat) is multiplying like maggots feeding on a dead body to zero, people just don't realize it because it has not (yet) lost value fast enough.

Yes, i'm afraid very few, even on this forum, don't understand the value of cost averaging up from a down market. Those that did are reaping the benefits while others are still talking about 'back the truck up'. Best wishes to everyone as we all follow our own path.

[motocat]

Yes, i'm afraid very few, even on this forum, don't understand the value of cost averaging up from a down market. Those that did are reaping the benefits while others are still talking about 'back the truck up'. Best wishes to everyone as we all follow our own path.

Thing is, most are not into "follow our own path". Rather, they follow the path of whatever they consider more informed authority, and this means "wealth advisors" who all pretty much repeat the stocks and bonds percentage spiel, with gold being pretty much a "barbaric relic", and a a "poor investment". By taking out cherry picked charts, one can make ANYTHING appear as a "bad investment". Not that we should even look at everything as investments. Are dollar reserves "investments"?

Most of these wealth advisors also remain ignorant as to what the basic unit they measure value at even is, how it is created and distributed. I've found the level of education and experience makes little difference among them -- pretty much like cult zombies who all repeat the same thing, some are just considered even smarter and more reliable because they have some paper that they supposedly spent more time on to certify them as such. So what we have, is so many people with wealth who feel by paying some experts, they get better advice. While in reality, they could have just gone on to this Kitco forum and became a "cat tail" devotee, and they would have done considerably better (at least with their cash/bond reserves, I to have investments in stock and other areas).

Bottom line: buy gold now, and in the future, no matter gold is up, or gold is down. So long as those keyboard created digits are flowing in, that is far better as a monetary reserve. Learn to read data, look at the facts over time, do not cherry pick. Have faith in obscure internet forum posters who have cats with magic tails if you must -- placing faith in parroting financial geeks just because they are paid for their repetitive thought guarantees nothing. Try a test on these financial parasites: ask them just what the dollar is -- how is it created and distributed? If you do not already know the answer, do some research both on this forum, and in the wider world. It is not a secret, people (even professionals in finance) just do not want to know, prefer to imagine that "complicated matters" are best left in the hands of others to know, as barbie once said "math is hard"! A lazy way of thinking, consider what that has done to the value of your dollar/bond reserves.