Precious metals are easy to hide. Confiscation won't happen but if it did many people would simply hide their metal. Also even when confiscation did happen here in the USA in 1933, collectible coins and jewelry was exempt. But honestly this is another discussion. Personally I don't think confiscation is possible. It would be much easier for the government to come down hard on cryptocurrency. That is more likely than confiscation by a long shot.
An ounce of gold is still an ounce of gold, my friend. Us gold bugs don't care what the fiat number is. Gold had value 2,000 years ago all over the planet, and will still have value 2,000 years from now all over the planet. You can't say that about anything else.
What if the electric grid goes down or the internet goes down?
Goes down but never fail and what if confiscate precious metals.
Precious metals are easy to hide. Confiscation won't happen but if it did many people would simply hide their metal. Also even when confiscation did happen here in the USA in 1933, collectible coins and jewelry was exempt. But honestly this is another discussion. Personally I don't think confiscation is possible. It would be much easier for the government to come down hard on cryptocurrency. That is more likely than confiscation by a long shot.
Any thing is risky.
Buying gold is the least risky investment I can think of!
Gold fell from $2200 to $1200 past 2 years.
An ounce of gold is still an ounce of gold, my friend. Us gold bugs don't care what the fiat number is. Gold had value 2,000 years ago all over the planet, and will still have value 2,000 years from now all over the planet. You can't say that about anything else.
The ounce of gold is not $2000 right now.
Gold Spot Prices Gold Price Today Spot Change
Gold Price Per Ounce $1,259.30 $8.40
Gold Price Per Gram $40.49 $0.27
Gold Price Per Kilo $40,487.40 $270.07
You have to take the long view!