Over the years, I’ve listened to a variety of positions on precious metals. The arguments range from a “pet rock” to the “only true storage of wealth,” so where does the truth lie? Getting to the truth of this is pretty important because gold is marketed as a must have for anyone interested in being prepared. Most people have limited resources so if they are spending those finite resources on very expensive, yet useless stuff; it needs to be addressed. As such, I want to address it because I’ve come to see gold as just shy of a scam. Before I go any further though, my caveat is this isn’t investing advice. It’s merely my observations watching this element for decades while becoming relatively self-sufficient. So, why have I grown sour on gold? If you are like me, I’d like something that actually produces a profit or at least appreciates in value, helps me through good times and bad, is low risk, and ideally is liquid. By liquid, I think of things that allow me to acquire the goods and services I need. It doesn’t really matter to me if it is through trade, conversion to cash, or by producing revenue as long as at the end of the day, I have something that I can basically use as money. Using this baseline to evaluate gold, it may seem to make good sense on the surface. However, I’ve found that looks are deceiving. Before you start to hate me and delete your account, hear me out because you too may end up deciding there are better options for your situation.
Gold Is Just Shy of a Scam. Consider Seeds.
Gold Is Just Shy of a Scam. Consider Seeds.
Gold Is Just Shy of a Scam. Consider Seeds.
Over the years, I’ve listened to a variety of positions on precious metals. The arguments range from a “pet rock” to the “only true storage of wealth,” so where does the truth lie? Getting to the truth of this is pretty important because gold is marketed as a must have for anyone interested in being prepared. Most people have limited resources so if they are spending those finite resources on very expensive, yet useless stuff; it needs to be addressed. As such, I want to address it because I’ve come to see gold as just shy of a scam. Before I go any further though, my caveat is this isn’t investing advice. It’s merely my observations watching this element for decades while becoming relatively self-sufficient. So, why have I grown sour on gold? If you are like me, I’d like something that actually produces a profit or at least appreciates in value, helps me through good times and bad, is low risk, and ideally is liquid. By liquid, I think of things that allow me to acquire the goods and services I need. It doesn’t really matter to me if it is through trade, conversion to cash, or by producing revenue as long as at the end of the day, I have something that I can basically use as money. Using this baseline to evaluate gold, it may seem to make good sense on the surface. However, I’ve found that looks are deceiving. Before you start to hate me and delete your account, hear me out because you too may end up deciding there are better options for your situation.