wood for sheep?
Let's be real, hordeing physical gold is just something elderly people do because of scam advertisements they see on cable TV.
this post was submitted on 28 Jan 2024
252 points (74.8% liked)
Memes
45631 readers
1209 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
Memes from the alternate universe where we still use the gold standard
They'd actually also be very likely to get you targeted by thieves as well. Even if you tried to keep quiet about them, there would be an entire chain of custody which would be required inform when such a large quantity of gold bullion where sold or bought, as well as their transportation and the transportation's insurance, if you don't get scammed in the process.
I’m reminded of so many fiction subplots where a character has acquired an extremely valuable XXX they want to sell.
More often than not, it’s such an important object that any interested parties would sooner hire mercenaries to get it, and kill its owner as a witness (and in many of those stories, exactly that happens). Past a certain value, many items are not actually valuable for common people.
This is always my question. Like you see these movies about gold and diamond heists, but then.... Wtf do you do with them? Who are you selling this shit to at retail value, or anywhere close to it?
I feel like if somone handed me a bag of diamonds right now I'd have no idea wtf to do with them.
You’d have no idea what to do with them because you’re not in organized crime. I would go look at Larry Lawton on YouTube. I think he posts a lot but if you go to his earlier posts he talks about his organized crime life. Wild.
Me when I post misinformation online: 😈
When I purposely spread misinformation over the internet 
So what you're saying is I should invest in gold because it increases in price at the same rate as housing?
So I never actually make any progress? And then in the end I just have a bunch of gold? Why wouldn't I just buy the house then?
Gold doesn't require maintenance
Well you can buy gold little by little and in the end you sell it and buy a house.
Or as somebody pointed out you can invest in an index fund and get higher returns
No, you're missing the point. Invest in housing.
view more: next ›