Gold is the ultimate form of money, and it is financial insurance which has stood the test of time for over 5000 years.
It has been said by many financial experts that one should hold 10% of their liquid net worth in gold in good economic times. Today, we do NOT live in good economic times..we live in a time of uncertainty and financial chaos. It will be that way until gold is remonitized. If or when that happens is anyone's guess, but once thing is for sure..gold will hold its value and save you from financial ruin should things get ugly.
So the question one needs to ask themselves is..how much am I comfortable holding? For some people it might only be 10%...for others it might be 20% of their net worth. For times like these, I think that 20% is a good starting point. If you have none, get some and hold it long term. As a disclaimer, this is not financial advice nor a recommendation to buy or sell. Be sure to do your own due diligence and research before investing in any financial asset.
Thanks for reading! Be sure and comment down below so we can all share thoughts and ideas to enhance our growing community! Steem on!
Don't forget silver.
I actually much prefer silver to gold but that's probably because I don't have a gold budget. ;)
Besides that detail, I like that silver's industrial demand is set to grow as quickly as the renewable energy industry does.
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Absolutely! I love silver too. I think it's an important part of anyone's holdings. I just wanted to focus on gold for this post...will post about silver soon!
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The easiest thing to do would be to live a life void of material worship. Perhaps find a cave somewhere and meditate on life from it, away from the entrapments of the rat race, without fancy doo-dads or whats-its.
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