An ounce of gold that is 
When do you sell?
2020-2020
When I can buy a house with it
Safe trip to Venezuela adventures await.
Yep, it’s never going to happen to us is it?
I’ve always read that an ounce of gold will cost what one cow costs, so you might need more than one oz but its a good investment with the US printing all those dollars IMHO…doc
one bitcoin is $66,649.84 and its lighter than gold.
Andy
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I do not want to live in a shack. One BTC omg.
It is a good investment if alternative is keeping those dollars in a shoebox under the bed. Otherwise, gold historically has not been a good investment. Maybe it is different this time. I prefer investing in productive assets that gain value, rather than just trying to maintain value.
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Nothing wrong with that as I do it myself. However, you must realize that assets can fall in value, often for a long time. After the stock market crash of the 1920’s it took a World War and many years for stock prices to recover:
I look on gold and silver as my insurance, after all it is money, as J P Morgan once said to Congress:
Gold is money. Everything else is credit
It took the Nikkei all the time from 1989, more than 34 years.
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Absolutely! Similarly, gold reached a peak of $850/ounce in 1980. After adjusting for inflation, that would be the equivalent of $3400/ounce today.
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Well, in that case, someone who purchased gold during the inflation panic of 1980 (inflation of 14.5% and unemployment of 7.5%) would have preserved about 2/3 of their purchasing power today! Of course if you add in all the dividends that gold paid since then, you would have preserved 2/3 of your purchasing power.
#sarcasm
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Rhodium reached an all time high of 29800 in March of 2021. That price is per ounce. Now it is near $5k/ounce +/- 10%.