Gold Sovereigns (or other coins)

bowlhead99

StroggCore wrote: »

I'm not stupid, you know. I understand this stuff. Gold will still cost something, not matter what happens. It's not immovables in Detroit, LOL.

I'm not saying whether or not you're stupid and what you understand or don't.

What you presented was the idea that you had invested in something some time ago and all your money was 'safe'.

We can't go back in time and get the same results that you obtained because it's no longer possible to invest in gold two years ago.

What we can say is that if you buy gold today, its value will change daily. By the time you want to access the money, it may be worth half or less what it costs today (or two years ago). From 2011 to 2015 it fell over 45% in dollar terms; likewise from 1979 to 1985 it fell from $845 to $300ish. Through the ups and downs, it doesn't pay an income along the way - instead it costs money to store and insure.

You can describe that as 'now all my money is safe', if what you mean by 'safe' is, 'it will always still be worth 'something'. What it's worth at a point in time might be a lot less than you paid for it.

In a zombie apocalypse, it might still be worth something because people do traditionally like shiny metal. You might be able to exchange it for something actually useful like some drinking water, a sandwich, fuel, a few bullets etc.

eskbanker

bowlhead99 wrote: »

We can't go back in time

But apparently we can go a long way forward

bowlhead99 wrote: »

from 1979 to 2985 it fell from $845 to $300ish.

Will_Do

Sounds to me like you are doing something very wrong here. Her jewellery is part of her estate so the only way you would be losing anything is if you are depriving the rightful beneficiaries of their fair share.

As to you taking something that allegedly has sentimental value to you and then immediately rushing off to sell it, how on earth does that make sense? Sounds to me like a rather poor excuse to try and justify to yourself why it's OK to steal from the estate.