Assuming Gold goes to $9000 an ounce when we sell
What does one “do” with the now, possibly, worthless money we receive.
Would we be looking for stocks? What are your plans when that happy day arrives?
What does one “do” with the now, possibly, worthless money we receive.
Would we be looking for stocks? What are your plans when that happy day arrives?
That all depends on your plan. I will use it to pay off my debts (I have a mortgage and a relatively small amount on credit card). Use the 1980s as an example Even if you didn’t get in at the bottom, or catch the exact top, you could’ve easily seen a 3 or 4 fold gain on you physical gold (a lot more on silver). If that were to happen today, gold stocks could go up more than double that. If inflation goes to 10% but gold rises 50% per year for a couple of years, then however you slice it or whatever you do, you will be much wealthier in real terms, and able to purchase a lot more of whatever it is you want.
In the words of Prince, Party like its 1999 🙂
It’s not worthless money if you do something right with it. Debt and worthless money got me a nice house. Can’t take it with you to the clouds so have to convert it to the new whatever system and spend it on wild women and booze and just waste the rest.:)
Lol that wild women and booze. response fits the “high roller” name. I like it.