I get it that gold is insurance against inflation. And, it's real money in an economic catastrophe.
My question is on behalf of the Anons who may have purchased some gold coins (but lost them in the lake). If we paid $1000 for one 1oz coin, and the US goes back to a gold-backed standard and values gold at $35/oz., that is quite a loss! I am not that is what will happen, but I present that scenario as part of the broader question: What would gold need to be valued at in our fiat US$ currency in order to be the backing?
Any Anons have a sense for the future value of a gold coin in the gold-backed dollar scenario? A lot of people have purchased gold coins hoping that they will revalue north of $20K or $50K to accommodate all of the fiat floating around. But I just can't see the elites letting people get "rich" so easily.
Valid question.... I too have bought and lost a few gold and silver coins over the past couple years.... all of the patriot channels are pushing gold and silver as a hedge against inflation, which makes sense... but it’s also based on market fundamentals. And us anons are pretty much in agreement that economic collapse is imminent and necessary... so how do precious metals fit in?? I mean, no one can say with any certainty right now what’s going to happen... it’s a complete bet. And you’re right... for those that are investing heavily in gold / silver with their retirement have a chance at losing a lot of value..... been wondering the same things myself.
First off, sorry to hear about the loss of your coins. I had a tragic boating accident myself and can relate.
I think we need to look at the root cause of what is happening… the petrodollar is collapsing. In this sense, things won’t necessarily get more valuable, but the dollar will lose its purchasing power. It’s happening relatively slowly right now, but it will snowball to the point that you will need a wheelbarrow of paper money to buy an ounce of gold in a few years. An ounce of gold or silver will continue to be the exact same ounce of gold or silver, and in a sense won’t be any more or less valuable. This is ultimately the real appeal because they can’t print more of it and it will hold its value.
Not financial advice, but it seems like a good play for most is to lock in all of your rates/costs, and hold real assets like gold or silver. This way, as the currency collapses, your assets go up relative to the dollar while your costs stay low.
Another thing to note is that anything that enhances productivity and enables people to build, grow, or otherwise be self reliant will hold its value and be sought after in a collapse.
I hear you... and that all makes sense. But being a veteran Q follower and patriot, I’m hoping / expecting this process to not take years, and it won’t come to wheelbarrows full of benjamins. Granted, in that situation, could only be good if I could somehow find all of my silver and gold coins that I lost in a skydiving accident. But... assuming the ‘plan’ is more immediate, which I hope it is, how does gold fit in.
I would hope so too, but unfortunately the plan isn’t going by a timeline that really works for me. The sad reality is that virtually every institution, asset, and organization has been corrupted and hollowed out. People like my dad think that they’re well off because every month he gets a statement that says he’s worth $XXXXXXX amount of money, without understanding that it’s just a number and all of that can, and probably will be wiped out in a blink of an eye. I think the financial system needs to implode to completely wake most people up.
I agree... it’s the only thing that’s guaranteed to get even the most ignorant peoples’ attention.... but I’m at a loss what to do. I don’t feel comfortable converting ALL of my money into gold and silver.... so I’ve just been saving, but I’m worried because that money is just losing value by the day. I don’t know that it’s a good bet to invest it in real estate because property prices are still crazy high and interest rates are astronomical. Trying to be smart, but there are so many ways the future can play out. Fundamentals are out the window. Personally... I think the US economy is already beyond the precipice of collapse.... it’s only through free printing, media narrative spin and manipulative accounting that there exists an illusion of stability.... any day now, I think the free fall starts. I’m just trying to come out of this better of than I started... financially speaking