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RE: Gold and Silver for Investment, or for Insurance? (Don't Forget Bitcoin)

in #money7 years ago

Both good insurance and investment though as you said, "Gold and silver is time tested". Since cryptocurrency isn't well known here where I live, a logical choice for me would be the tangible metals. But it's looking more likely that cypto is the next monetary system so it's also a good to get a foot in there at least. Can't really say much about crypto yet as I'm a noob at that but gold helped tide over my family on several occasions. On a side note, another good insurance/investment would be land. Tangible and can be converted into something useful if one has the patience to work on it.

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For sure, land is the best really. But it can move easily be taken over with a majority of people (if the shtf) since you can't take it with you.

So true. Acquiring land also means you have to be able to safeguard and develop it. Otherwise, it's likely you'd find people squatting and eventually claiming it as their own. Happens a lot to inherited lands. Never mind if you have a land title. There are still process with which you have to go through to get them to move out peacefully and in such a way there are no violent clashes (which is less likely especially if they've been there for years)

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