when people buy gold do they keep it at their house?
People I know think gold is a good investment and that the dollar isn't worth anything since its not backed by gold anymore. They think that gold is the only good investment right now, but these same folks don't actually keep the gold in their house. What makes them think that if the US Dollar completely collapses, (USA in anarchy,) they are ever going to get their gold, and even if they did have it in their house, what makes them think they will be able to do anything with it?
Casey Y2012-08-16T09:16:31Z
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If the dollar were to compeltely collapse, the price of gold would mean nothing. If all economy collapsed, food and guns would be the most important currency for the next 100 years or more.
However, if the dollar slipped on the world stage and became devalued, you could trade your gold fof more dollars or some other currency. This only works in a partial economic collapse though.
Smart investors buy funds or use trusts to purchase gold, they don't hold it in their homes. Maybe a little bit, but not much.
People who have any common sense at all would keep gold in a safety deposit box at a bank or trust company. It doesn't matter what happens to the dollar,,gold can always be used to pay or purchase anything.
Gold keep at home it is very worst investment because you never you never trade easily in gold. One more thing gold return is not much in last 50 years just last 5 years return is good.
sometimes; pretty risky to do it unless the gold is kept in a safe embedded in the floor, though, or otherwise secured I have a friend who simply buried his gold on his property; he has 10 acres and is able to keep watch on it. (He lives on a hilltop so I guess he can see the key boulder or tree or whatever it is.).