butcher
does it matter?
I think what matters is working out your exit strategy for gold. If you hold then at some stage you will sell - unless you want to wear it!
Like it or not, our desire to use gold coins to buy daily goods is never going to happen. So gold really is a 'reserve currency' of sorts that needs to be transferred into 'paper' the preferred currency.
My exit strategy for gold is simple. Once I see gold as not outperforming other asset classes I will sell and move into more profitable classes - probably real estate given the absolute shennanigans going on re accounting standards and the greed of the filth!
GC
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