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General Discussion
Buying Gold
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<blockquote data-quote="LightBnDr" data-source="post: 692640" data-attributes="member: 9031"><p>Gold is just a hedge. It's not a real investment designed to bring cash flow or supply you in retirement. </p><p></p><p>It's an asset when you hold physical pure gold in your safe or buried in the ground. </p><p></p><p>You're exactly right it is not immune from fluctuation. Just like any investment though truly. </p><p></p><p>The idea and reasoning behind owning it is the fact that it is a very valuable metal used in almost everything electronic and manufacturing processes. </p><p></p><p>It's used in the medical field along with silver. Among many others. Not to mention the classic idea of using it as a purchasing instrument during a collapse </p><p></p><p>So again it's really a hedge. Meaning you hoard it for 40 years then look on a portfolio and see the value went up 78% since you started. Knowing you had a cute little chunk of it in case of an emergency and your green dollars weren't accepted somewhere. </p><p></p><p>It's a hobby really. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /></p></blockquote><p></p>
[QUOTE="LightBnDr, post: 692640, member: 9031"] Gold is just a hedge. It's not a real investment designed to bring cash flow or supply you in retirement. It's an asset when you hold physical pure gold in your safe or buried in the ground. You're exactly right it is not immune from fluctuation. Just like any investment though truly. The idea and reasoning behind owning it is the fact that it is a very valuable metal used in almost everything electronic and manufacturing processes. It's used in the medical field along with silver. Among many others. Not to mention the classic idea of using it as a purchasing instrument during a collapse So again it's really a hedge. Meaning you hoard it for 40 years then look on a portfolio and see the value went up 78% since you started. Knowing you had a cute little chunk of it in case of an emergency and your green dollars weren't accepted somewhere. It's a hobby really. :) [/QUOTE]
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