Do you think that if we head towards a depression, people will be doing more of this kind of purchase? Or better question, should people be doing this now?
Do you think that if we head towards a depression, people will be doing more of this kind of purchase? Or better question, should people be doing this now?
I personally think gold is a bad investment. The only reason people buy it, is because it used to back all money. It doesn't anymore. Gold has offered some of the poorest returns. Right now is a bad time to buy anyway because everyone is overbuying and pushing the price up. How much more can it increase? You want to buy when people are selling and sell when people are buying.
If people are selling htey are drving up down the price so you can get a better deal.
If they are buying you want to sell because they are driving up the price.
The best investments in any bear market have been individual stocks. You can't feed a family with gold pieces. Your local market will probably not take it as currency. Stocks offer dividends in cash payments and growth.