pimpjui

Revisiting the Weimar Gold and Silver Ratio

One does not buy silver or gold as a store of wealth if he thinks that infrastructure around him (e.g. banking system, political system, legal system, etc) is stable. It is only when these systems fail, that physical gold becomes valuable as money. So if you really think the system is going to fail, then it is pointless to buy non-physical gold. These paper accounts you mentioned will vanish upon the failure of the legal system. When systems fail, particularly the legal system, self-defense becomes a requirement for holding gold. So you should first buy lots of guns, food, and a safe place to hunker down. Then, if you have anything left, buy gold, and protect it with the guns you just bought.