Yep. My wife is less risk-concerned than I.
Otherwise I'd cash the whole thing out to cash (taking the 50% hit).
And put the cash into a hard asset.
But... I'll take my chances with the market and pray the fear porn won't become real.
Problem is you put everything into a hard asset and you go to use a gold coin to buy groceries. You think they are going to have enough cash on hand to give you back your change? You never, ever put all eggs in one basket.
The idea of gold is to sell it when things stabilize under a new currency.
Not to buy bread with a 1oz gold coin or 10 acres of land.
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Yep. My wife is less risk-concerned than I.
Otherwise I'd cash the whole thing out to cash (taking the 50% hit).
And put the cash into a hard asset.
But... I'll take my chances with the market and pray the fear porn won't become real.
Problem is you put everything into a hard asset and you go to use a gold coin to buy groceries. You think they are going to have enough cash on hand to give you back your change? You never, ever put all eggs in one basket.
The idea of gold is to sell it when things stabilize under a new currency.
Not to buy bread with a 1oz gold coin or 10 acres of land.