Kak
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I own less than 10 grand in physical gold.
I currently own a LOT of paper gold.
IAU and GLD are FAR FAR more liquid than physical and the bid/ask spread on them in a transaction is MUCH MUCH lower.
I always own a significant amount of gold, but this allows me to adjust to my needs much easier.
Also, as you said, in a total collapse, it would be difficult to sell, and for what? Trade will be hard because it is already worth so much. It would will be worth even MORE in a circumstance like that.
For epic disaster and total collapse bitcoin might actually be the better choice. It is untraceable, easily transportable and divisible. Just some food for thought.
The big disclaimer to all of my advice here Is the fact that I lost a shit load of money like most everyone else when the markets tanked.
I currently own a LOT of paper gold.
IAU and GLD are FAR FAR more liquid than physical and the bid/ask spread on them in a transaction is MUCH MUCH lower.
I always own a significant amount of gold, but this allows me to adjust to my needs much easier.
Also, as you said, in a total collapse, it would be difficult to sell, and for what? Trade will be hard because it is already worth so much. It would will be worth even MORE in a circumstance like that.
For epic disaster and total collapse bitcoin might actually be the better choice. It is untraceable, easily transportable and divisible. Just some food for thought.
The big disclaimer to all of my advice here Is the fact that I lost a shit load of money like most everyone else when the markets tanked.
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