Quote:
Originally Posted by TheDoc
Nice, but most people don't have physical gold... being that you do, I have a question. If the economy's around the globe fail; who, what and how would you exchange your gold?
Gold has value because people are buying GLD like mad.. making the demand go up, when the supply is solid. If banks or reserves aren't exchanging gold, because they have nothing to exchange it with (a eco issue) - how does it have value?
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I'm not expecting the Apocalypse, but I do have gold in a variety of shapes and sizes. Large bars, small bars, coins, etc. I'm also sitting on a large amount of cash right now so I'm not all in on gold.
The biggest risk I see is gold becomes too valuable and it is made illegal again. The US government did this before and it could happen again.