Until you attempt to sell that gold only to realize you got duped with fake gold or inferior gold quality.
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- Thread starter bd popeye
- Start date
Until you attempt to sell that gold only to realize you got duped with fake gold or inferior gold quality.
R
Real gold is elemental gold AU created in heart of supernova, no such thing as inferior quality if assuming its 24k and 99.99% etc
I see you have not followed the recent news of Australia being caught doping gold coins/bars/bricks with other metals. Now just imagine all the ones that haven't been caught yet.
Unrelated but Medvedev, Lavrov, and the other dude look to be having a good time.
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Right I got the two confused. Either way, if you are paranoid enough to hold gold you might as well have something physical.
I think having up to 10% of your savings in actual physical gold is a pretty sound investment.
But if people run into physical gold too much there is always the risk the state could confiscate the gold eventually. The US did it before WW2.
So you might have physical gold, but they will stop accepting it in financial transactions by fiat, you will have to trade it in the black market basically. It will not be convertible into cash. And that is assuming they don't actually knock on your door in case you bought physical gold to try to get it from you.
But if people run into physical gold too much there is always the risk the state could confiscate the gold eventually. The US did it before WW2.
So you might have physical gold, but they will stop accepting it in financial transactions by fiat, you will have to trade it in the black market basically. It will not be convertible into cash. And that is assuming they don't actually knock on your door in case you bought physical gold to try to get it from you.
Your gold will be confiscated at airports, seaports, land border crossings, etc.