In a situation where Fiat currency becomes worthless, gold will also be worthless.
Either
A: society is collapsing. making gold even more worthless than it is now.
B: we are entering a depression and the government will just force you to hand over gold like it did last time.
Next stop, Greenland
Unironically explain why gold ETFs are a bad hedge against the USD?
>force you to hand over gold like it did last time.
They did that?
>We are entering Weimar levels of money-printing
Oh please. This is said every-time the FED prints money by people who think the US dollar is a national currency and nothing more. These same people are gobsmacked by the occurrence of both deflationary forces in the midst of vast money-printing because they never even considered that the US dollar is the nicest looking turd in the currency basket, and in spite of how much we print, demand for dollars is through the roof right now. I don't like the FED but what they're aiming for is inflation right now and even with the printing they're struggling to get it. We're more likely to hit a deflationary spiral right now.
>muh buy gold
Better yet, buy equities when they crash to all time lows and profit massively when the economy recovers. Or you can sit on precious metals which don't generate income.
Yes Executive Order 6102
You're adorable.
The Fed is buying junk bonds. If this virus blows over in a month, it will be fine. But if there is a fuckton of bankrupcy, tell me what you think will happen
Because they may be fraudulent, leveraged. With physical gold you have the gold in your safe. Assuming it's real gold.
Just being realistic and if that's adorable to you, that's fine with me.