Fair, and that’s why I personally have a portfolio of metals, but gold regularly outperforms inflation - especially in troublesome economic times such as we’re in right now.
Even if you were somehow able to, you’d only be able to withdraw it in dollars anyway, it’s not like you have a physical pile of gold in a vault with your name on it.
Not sure what the rules are where you’re from, but I have a literal pile of gold, platinum, palladium and silver bullion in a safe in my home. Yes, I absolutely have a physical pile with my name on it - when I decide to put a sticky note on it and write my name on it.
I’m hedging that society won’t collapse. You might as well ask why I bother to show up at work - if society collapses the money I earn won’t be worth anything. If I’m betting on society to collapse, I’d be investing in stocking a bunker with weaponry and canned foods. I don’t see that as being a valuable investment yet.
Fair, and that’s why I personally have a portfolio of metals, but gold regularly outperforms inflation - especially in troublesome economic times such as we’re in right now.
Not sure what the rules are where you’re from, but I have a literal pile of gold, platinum, palladium and silver bullion in a safe in my home. Yes, I absolutely have a physical pile with my name on it - when I decide to put a sticky note on it and write my name on it.
Why? Like even if society collapses, what are you going to do with it? You can’t eat it.
I’m hedging that society won’t collapse. You might as well ask why I bother to show up at work - if society collapses the money I earn won’t be worth anything. If I’m betting on society to collapse, I’d be investing in stocking a bunker with weaponry and canned foods. I don’t see that as being a valuable investment yet.