Having physical PMs (less that 5-10%) in one's possession should not be considered speculative plays at all, nor even expect to keep up with inflation (because the PM market is rigged by the Central Banks).
Physical PMs are simply a hedge against the entire global financial system melting down for good. It may never happen. But if it did, then yes in the short term, there will be chaos. There will be riots. There will be shortages of food, supplies, other goods, etc. In the short term there will be FAR more to care or worry about than having gold or silver. Land would of course be useful in such a scenario.
However, during such an event, the Fed and the governments of the world will try to move quickly to re-establish a new financial system, and any new fiat system they create will be reset against Gold and Silver once again. Meaning that the fiat price of Gold and Silver will be reset to 20X-30X or more of where it is today, possibly even higher. So it would be wise to have some anyway. If the financial collapse never happens in your lifetime, then pass it along to your offspring.
Exactly. It is, and has been for a LONG TIME a hedge, not an "investment".
I think for sure we are ripe to see some sort of financial collapse. There is a lot of nuance as to what the "Elites" are currently trying to do. They are orchestrating this take down, while they give us our bread and circuses in Ukraine and dividing us to keep us going in circles.
And every now and then they tip their hand...
“We need to frame bitcoin globally because, you know… if there’s a loophole, that loophole will be used. Global cooperation is absolutely necessary. It could be initialized first at the G7, then at the G20. “
Loophole to/from what? She was not talking about darknet markets, or taxes.
She was talking about a way out of the cattle call they have been planning for decades and are executing NOW.
In the end it really is a curse to be able to see what is happening but have no way to stop it, or even wake up a SINGLE ONE of the sleepers around us. Ah well... I have a decent chair to sit in for the watching.