Gold Predictions 2017, page-322

Never said BBX or any producers are safe investments. Index etf are probably the safest way with much lower rewards but lowers drawdowns too.

I don't ave lazy money sitting around to use as hedge insurance for SHTF scenarios. I need to get a return for parking funds in any medium and a 2% cash return is better than holding an asset that has not been proven to be value protection in a crisis beside using them to buy your illegal boat ride out of a conflicted country.

Flip the gold monthly chart and you can see as the GFC cranked up through Lehman's collapsed, there was also a big sell off in gold price and TARP/QE helped check that exit door.

Through history I suspect if we get the goldbug anticipated collapsed in fiat/equity/bond markets, we are all in the same boat regardless of what type of asset class protection we perceived to be safe. In that scenario safer=less value destruction relative to other asset class.