Talk of The Villages Florida - View Single Post - Reputable company to deal with to buy gold
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Old 04-01-2022, 05:38 AM
caseycasebeer caseycasebeer is offline
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Regrettably, all the World’s currencies have been ‘fiat (little more than ink on paper) for over fifty years, and historically, fiat currencies do not have a good track record. Difficult as it is to believe, they all devalue eventually (look at the USD since 1913). Gold (and to an extent silver) have a better track record.

If it were not for the fact that the USD is still essentially the world’s “reserve currency” (used in worldwide commerce) the USD would also be hurting even more than it is.

A long time ago I began making small purchases in various precious metals (gold, silver, and lead) as a hedge against the fiat dollar. I only buy ‘physical gold, no paper gold, or collector coins (aka “Numismatics”). That’s fine, but at a certain point security can become an issue.

One other issue I’ve wondered about is when it becomes time to liquidate some gold/silver - what do you do? ...you just end up with more ‘paper!

One final thought - if you want to buy some gold or whatever, I urge you to buy smaller coins (1/10oz, .25oz, or .5oz) but not necessarily 1oz. Yes, you’ll pay more of a premium on the smaller coins, but they may be easier to sell or trade when the time comes.

Personally, I like a company in Phoenix (AZ) called CMI Gold & Silver (CMI-gold-silver.com). (855-935-0419)

Last edited by caseycasebeer; 04-01-2022 at 05:46 AM.