Ok, I'll count on the economic system not to crash and burn. But isn't all the "free" money getting paid out going to devalue the hell out of currency? Isnt there massive uncertainty about how long these corona measures will hold the economy's face in the mud, and how well it'll bounce back? There's all kinds of talk about how grim things are and it hasn't even really begun yet, so I was thinking metals for the upcoming uncertainty. I know I'm so 101 with $. Sorry.
I still predict wide deployment of the National Guard and regular military in the US. Doubt they'll make a formal declaration of martial law, but it'll be martial law by another name. "The Civil Safety Force" or some such.
And a 10 percent chance of China invading Australia once the US has its hands full with medical, economic, and civil issues.
Cash and cash equivalents will be devalued so you need investments that appreciate faster than inflation like stocks and certain real estate.
Gold has historically only matched inflation over the long term. No growth. It's good for an inflation hedge but a lousy investment.
Having a small amount of gold on hand, held personally, would be insurance against financial apocalypse. A few gold coins.
An end times scenario.
The problem with owning a large amount of gold is where to keep it. Bury it in your backyard at night? Storing it at an offsite secure facility is expensive.
The first rule about owning gold: Never tell anyone you own gold.
The second rule about owning gold: Never tell anyone you own gold.
The third rule about owning gold: Never tell anyone you own gold.
Etc.
How about owning gold mining company stock? In an end times scenario that will do you no good. You need physical possession of the coins.
If you're worried about the apocalypse buy a few gold coins and keep them safe and tell no one.
