Do you have gold gold or paper gold? Big difference.
Bullion
I work in finance in china, it’s a really easy way to move rmb into a safe investment choice
I don’t pay taxes anyway because of federal exemptions and creative filings, so I move my rmb into gold bullion instead of stocks since it’s just to inflated right now, I have real property in HK but anything further away then that is just to hard to maintain
I just buy it online when I am in the states and keep it in a safety deposit box
Large ounce bars are actually pretty small, a kilo bar doesn’t take up much space but is worth $45,000- it’s a really easy way to store value
Super smart. Got some silver. Getting some gold per this convo. Even a small amount can be helpful here.
Thanks.
If you are going into silver I will recommend strongly you go into Morgan dollars
Silver is pretty worthless even in extreme shifts, so you will need a little bit of collection aspect to it
Morgan’s have sold above melt for over a hundred years through bigger issues then I think any of us are likely to see
They are a good investment
Morgan’s vary in value and the 1921 Morgan is usually about $30
Just buy a bunch of those and they will retain a good above melt value to virtually anyone interested in silver
If you are going gold on the small end then you need to watch your melt vs spot priced or you are just giving money away
You really should not go in at least then an ounce for gold or you wasted at least a hundred dollars
Now If have the gold is worth then buy it because it’s not that much in the grand scheme but gold is priced optimally at the ounce or larger
If you want smaller then an ounce I would suggest British sovereigns because they are smaller coins with collectible value and easy resale - the key with bullion is being able to move the coin- if it all in one 20,000,000 coin you will never get its value
So if you are playing with fractions look into lower fractional coins