gold, page-44193

You could argue those Argies who converted their ccy to gold would have protected the value of their wealth when hard earned cash before the crisis was effectively wiped out by a cup of coffee.

The commentary on the most powerful country in the world some how follow suit while the rest of its peers can stand still and weather the turmoil is just crazy talk. Before they could count their physical gold wealth heading, law and order would have broken down and we fall into the Mad Max scenario. Bitcoin gold, the other way to monetize transaction of physical gold ownership as payments is just as crazy. Almost daily we read reports of exchange hacking if not exchange closure etc. The risk are even higher than keeping keeping cash in the private safe or CC fraud.

I’ll stick to hoarding firstly the major ccys then converting to the asset class such as paper stock exposure, bricks mortar and maybe another passion of wrist watches. The latter is actually a bad investment as what I pay brand new is usually worth less over time. I don’t have the cash for a Renoir or Monet. Lol

Iberico and Temprillino red is a better experience lol.