imported_River17
TB Veteran
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If the dollar is devalued, how does getting more in the future help. It will be more worthless inflationary paper. If you want to preserve what you have, buy gold and silver and other precious metals of intrinsic value.
Gold just 5 or 6 years ago was $256 per ounce.
Today one ounce is $711.
Silver was $6 per ounce and today is $14.
Animo916
In the last 20 years gold has been up and down and basically gone nowhere since it does not pay you interest while you are waiting for gold to go up in value.
Not only does gold not pay you anything while you hold it, you have to pay to hide it in a bank vault unless you don't mind having it stolen by keeping it under the bed.
The other bad thing about gold is that you have to buy it at retail price and when you want to sell it you only get wholesale price from the dealer.
Now you could buy 5% of your portfolio in gold ETFs or gold mining stocks. Just stay away from gold coins.
:smilie_132: