This might be good for people who have owned gold for some time or who want to sell their gold now but for most people this just makes it more difficult thinking about actually buying gold because they don't really know if the price of Gold is going to keep going up or go down.
However, Gold has always been a hedge against inflation. My old father in law when he was alive always kept at least 50,000 dollars in gold bars in a secret compartment in his living room that most people never knew about except specific members of his family. Of course he had fought in World War II and had been through the Great Depression and had been a Naval officer at Pearl Harbor and had to take his ship out as a lieutenant while being bombed by the Japanese then.
The point is: "A certain amount of gold might be useful in emergencies to sell to get out of the country if war comes here or something else bad happens. However, other than that I don't really see the value of owning gold for a variety of reason except for emergencies where you and your family need to survive whatever happens.
I think owning physical real estate will tend to serve people much better as long as people can afford the property taxes on that land or property with buildings on it. And as soon as you can pay off any land you own so all you have to pay on that land is property taxes. This way you always have a place to stay without paying rent. Rent can be very expensive so this is why owning a house outright can be very useful in the short and long term.
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