To The Financial Gurus Out There Joey Is Obviously Destroying The US Economy Should One Invest In Gold (insurance, party)

[TheGoodTheBadTheUgly]

If so, should one purchase gold coins or gold bars and why?

[Take a History Class]

Originally Posted by TheGoodTheBadTheUgly

If so, should one purchase gold coins or gold bars and why?

It's a hedge against currency collapse/destruction/hyperinflation and is useful if you're looking to be well and truly diversified. It is not the latest bitcoin or fad investment that's going to make young people rich. Holding some easily portable wealth outside the electronic banking system is it's main appeal, and people should hold physical coins either at home or in a safe deposit box rather than using a third party or electronic receipt type arrangement. It's the ultimate buy-and-hold investment/insurance policy that you hope never to need.

I would not recommend holding more than 5-10% of your net worth in physical metal.

[TheGoodTheBadTheUgly]

It's a hedge against currency collapse/destruction/hyperinflation and is useful if you're looking to be well and truly diversified. It is not the latest bitcoin or fad investment that's going to make young people rich. Holding some easily portable wealth outside the electronic banking system is it's main appeal, and people should hold physical coins either at home or in a safe deposit box rather than using a third party or electronic receipt type arrangement. It's the ultimate buy-and-hold investment/insurance policy that you hope never to need.

I would not recommend holding more than 5-10% of your net worth in physical metal.

Thanks for the info!