Brent S
Top Poster
I know there are several threads about gold here but I wanted to ask for opinions about gold right now. Even though it is close to 1800$ an ounce right now I‘m considering wether to buy some. I don’t think gold is a great investmen, as a matter of fact I don’t think it’s even an investment but more of just a safe hedge against inflation. When you factor in the transaction fees of both when you buy and when you sell gold it really is a crap investment. All this being said, this is why I’m still considering it. I believe the spending by the current administration, along with the spending of all the previous administrations, has gotten so unsustainable that I feel the fiat currency is going to be in trouble sooner than later. Both, the mounting debts in the US and the world wide economic impact of the pandemic are making me feel there will be a large correction before long. I hope my pessimistic view is wrong, but the math just dosent add up for me to be optimistic. So, any input would be appreciated as I like hearing others views before making financial decisions.