Can Gold Really Protect You During An Economic Collapse?

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[albacusBC]

Gold has always been natural money, but on the other hand, I'm skeptical that a recession will occur soon, and I think the stock market still has a runway. I'll divide 60-40 nonetheless and put 60% in stocks. Do you recommend any?

[dough]

"Gold and Silver have no intrinsic value" Holy shit what a tool!!!!😂😂🤣🤣😂😂

[HugoBergmann-lund]

Considering the current market uncertainty, it appears prudent to consider investing in gold or a gold ETF. I'm contemplating allocating over $300k for retirement purposes. While the potential for short-term gains in a bullish market is enticing, I recognize the importance of maintaining a long-term investment strategy.

[dianesullivan]

At the beginning of the year, I have continued to purchase a few equities, but nothing significant. Why am I being so unkind to this? The fact that others in my field make six figures each piece, nevertheless, motivates me to want to be the first member of my polygamous family to earn a million dollars. I am fully aware of the expense of working more to get more money.

[QuadTap]

Gold is money. Everything else is credit.

[slhines]

Alan Greenspan Quote: “We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.”

[hopesndreams]

Not having any metals exposure in this environment is insane

[JP-kciq]

“Paper is poverty, it is only the ghost of money, and not money itself."
-Thomas Jefferson

[ponolovefarms]

Golds been valuable for literally thousands of years. And still held as reserves in every modern country. Just a couple of ol facts.

[cbreeze]

Well the banks having been hoarding it by the ton, sooo…does that not mean they have value?

[houstonmorriss]

If you don't hold it you don't own it

[dxscvgy]

Investment in stocks is a great way to invest your money. The team is constantly checking the market for changes and make sure that you are always informed about the best time to invest. As a result, I have made more money than ever before, and I don't have to manage my portfolio on my own! Invest in stocks, it's worth it!

[kratostomatoes]

>silver isn't used for anything
Oh you sweet clueless boomer.

[maximus_]

C'mon, Dave. You know that intrinsic value is based upon things that have utility and scarcity.

[nema]

"Bullets, blue jeans, and gasoline."
Sounds like a country music song.

[BigChill]

Printing and spending money like no tomorrow gets little mention.

[DrewWare]

Its a hedge against inflation. Which happens to be at a all time high. Banks wouldn't be buying it like they are if it was worthless. Diversity is key.

[thermalreboot]

C'mon Dave, when gas prices go up, everything goes up. Everything relies on fuels for transportation when transportation costs rise it's added to the cost of a product.

[ithakra]

There is a greedy boogeyman Dave. Its called the federal reserve

[mikespronz]

Well this guy proves you dont have to know what money is to be rich in currency.