Gold Is Real Money
Gold is real money, that's for certain. Silver is also excellent. The utility of these precious metals cannot be over-emphasized.
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Gold will never be a gimmick or a fad. It will never lose its intrinsic value and utility in our world.
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Even in the Bible, gold is regarded with lofty speech.
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All of that being said, one will never make anywhere near the gains on Gold as they would with the Stock Market.
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I don't recommend investing all of your money in gold, not because I don't see the value in it, but because I think you should diversity all of your investments. A little bit of gold is a beautiful thing to have, as is money in a Certificate of Deposit netting you 5% interest, as would money in the stock market (namely dividend stocks). Above all else, I'd rather you invest your money in your own health and job training/education.
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Will the dollar collapse and the United States start using gold as the currency? Who knows. Will crypto take up the mantle for the currency? Maybe if the Federal Reserve makes up their own coin.
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In any case, Gold can be a vehicle to park your savings in if you don't want to keep them in the bank to accrue interest.
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Will Gold make you rich like the stock market can? No, but that also shows how Gold is independent of any mania going on in the world today. Let that be proof that Gold truly is a safe investment in an era of bubbles and Bitcoin bros.
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