Discuss.
Potential instability in the financial markets always makes the gold-bugs jumpy.
Gold is considered a hedge against inflation and safe haven in turbulent times.
It's a poor investment for growth however.
It's expensive to store if you have a lot. You also have to consider the possibility of being robbed.
Never tell anyone you keep gold on hand!
Some people buy stock in gold mining companies, or in funds that invest in actual gold as a hedge against inflation. Won't help you in an end times scenario though. For that you need physical possession of real gold like bars, coins, jewelry.
Here's an article from 2011. Gold was over $1,700/oz (eventually went over $2,000). Now it's $1,500? Does that sound like a good investment?
https://abcnews.go.com/Business/selling-gold-scams-beware-tips/story?id=14309128Historical gold price:
https://www.macrotrends.net/1333/historical-gold-prices-100-year-chartNote the price exceeding $2,000 during the past financial meltdown, a time of great uncertainty in the financial markets.
