Should you buy gold coins now in 2020, with prices at 1900 and above?

 Idealy you should have bought years ago at 900USD per ounce or even lower when the prices were at 350.00 USD an ounce. 

The question now is it to late to buy gold coins? I think if you answer yes to these questions then you should buy gold coins now and protect yourself from the coming USD devaluation. 

What are the questions?

1. The USD is not to be trusted now that we are not on a gold standard or any other standard and the Fed can manipulate its price to bail out its cronies.

2. The Government is not to be trusted. You get the picture.

3.My retirement plan is secure, most arent and are based on pipe dreams and unlimited stock market gains.

4. The Fed is not to be trusted. 

5. The long term outlook is darkening.

6. The worst is behind us.


Gold is the best way to hedge against all these problems. To hedge against all these problems would take to much gold so I suggest 20% or max 25%.

Its unpleasnat to watch the gold price go up. To buy gold means your looking at things realistically and that can be unpleasant and go against the trend of what most people do.

My view is its tough to buy gold, its not like shares or bonds where most people buy, its unconventional so most people dont have the stomach to buy. If your stomach is churning at our most recent reactions to covid19, where the Fed increased the money supply to bailout the financial elites then id buy and buy wherever the price is but if your disiplined buy at the low end of the range,

Buy the best take delivery and pay cash, thats the best way to do it.

If your in the States buy gold eagles, Canada buy Maple Leafs ect. Buy the gold coin thats minted from the country you live in, if thats not posible buy Eagles or Sovereigns, or Kruggerands.

If you procrastinate, then buy when you can or when your stomach is churning.

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