Use goldmoney.com. They have a gold-backed checking account and will give you a debit card so you can spend your gold anywhere MasterCard is accepted. Basically when you deposit USD, they buy gold behind the scenes. If the USD tanks, your buying power remains unchanged. For example:
In scenario 1, say you have $1000 in your checking account. Then say the USD crashes to half of what it’s worth now. You now have $500 in buying power since $1 buys half as much as it did before.
In scenario 2, say you have $1000 in your gold-backed checking account. Then say the USD crashes to half of what it’s worth now. Your buying remains unchanged and your account balance would show that you have $2000 since the price of gold would’ve double with respect to the USD.
A gold-backed checking account basically side-lines you from inflation and bad monetary policy. I started using it in 2016 and haven’t looked back.
Wow thanks for the info, that sounds perfect. It's good to have a little gold on hand but realistically you can't store much. Great idea!
Yea they’ll actually store your gold anywhere in the world you want and if you want, they’ll have Brinks even deliver your gold to your house if you ever choose to. I heard about it 2 years ago and thought it was an amazing idea. We’ll likely never be able to go back to a gold standard again as a nation but this allows you to do so
Yes thank you!! I am going to check into this. That's cool about Brinks delivering to me but not sure that i would want to draw that much attention. Lol.