Would it be wise to invest in gold (golden bars or jewellery) ?

[Anonymous]

In case WW3 breaks out, which sadly is a possibility, paper money will be worthless
The only thing that never loses its value in times of crisis, is gold

[Curmudgeon]

It Might be, however, the market in precious metals is HARD to time.

I bought Gold and Silver 10 years ago in the Obamunist era, and it is still less today than it was then. I have held onto it because I am thinking like you are.

And this goes even more with the "New Precious Metals" better known as cryptocurrencies. Anyone who bought Bitcoin, Ethereum, or others in the last couple of weeks has watch them tumble.

[Selena1987]

Are they safe investments?
Several times I decided to enter but I was afraid of loosing my money
Should we have knowledge about it?

[Asker]

Bitcoins are a joke. What if the Internet collapses?

[Selena1987]

Yes
Criptos have no support. I mean no bank or authorized organization is behind them

[Curmudgeon]

@Selena1987 That's actually part of the appeal. People have lost confidence in banks and governments, and for good reasons. That said, the "blockchain" that prevents making more of them except in certain proscribed ways (not unlike "mining") does make them act as if they are precious metals. But the ultimate lesson of them is that anything can be money if enough people believe in it. Credit comes from the Latin "Credo", which means "I believe".

[Anonymous]

It may be a good thing. I wouldn’t say simply because of WW3 if that ever happened. Because honestly if you don’t have a gun to protect your family chances are people would loot your gold, your food, etc. Inflation is crazy right now, come next year your money probably won’t be worth as much as it is today. I don’t know how much gold you plan on getting but in the event you have to flea your place on foot I don’t know if you’d be up to carrying a parece amount of gold. I’d invest in silver and gold as I have done along w other things.

[Agape93]

Yes. But don't be surprised if someone just decides to kill and rob you for your gold.

[Asker]

I thought about that too. I'm going to hide it in a place, no one can find it

[Agape93]

Good 👍

[EssenceOfLight]

It's a little bit too late for that. Gold was a good investment two decades ago as an ounce costed 300-400 USD. Now it's practically a desperate action to change paper money into overpriced precious metal that will become much cheaper when economy stabilizes again.
Much better capital asset is real estate and agrarian land.

[jahaims]

No, gold would be worthless. Why would I trade you food for a metal I can't do anything with?

[Wise4myage]

Gold bars.