ProfD Posted June 7 Report Posted June 7 https://www.reuters.com/world/india/central-banks-track-4th-year-massive-gold-purchases-metals-focus-says-2025-06-05/ Most investors encourage clients to buy stocks and bonds and other financial instruments. As the dollar and other paper currencies fluctuate in value, seems it would make sense to weight a financial portfolio with a significant amount of gold since it is global currency. Billionaires and millionaires are weighted in dollars or whatever currency their countries use. We never hear about how much of that wealth is held in gold. Increasing personal gold reserves isn't preached at a drum beat by financial investors but gold is the best hedge in times of economic uncertainty and/or instability. When reviewing a personal financial portfolio, it might be a worthwhile consideration to convert a percentage of it to gold. As an aside, the US dollar is supposedly backed by gold. I seriously doubt the country has $40 or more trillion dollars worth of gold in reserves. The US does have the most powerful military on the planet. Nobody is going to call in the markers on its debt.
Pioneer1 Posted June 7 Report Posted June 7 .....and how do you PROTECT that reserve once you attain it? This is why we need a COMMUNITY of people who are organized and willing to look out for eachothers best interests. Good examples of this are the various Jewish communities in New York with their own schools, ambulances, and policing services. And the Mormons in Utah.
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