Can I have my life savings in Gold?? Can I get it at a bank? (and more gold-related questions!)?
January 21, 2011 by
Filed under Silver Investment FAQ
Hello,
I’ve recently realized that it is a dream of mine to accumulate wealth in the form of gold… that is, I would rather have a chest full of gold that is actually in my possession (once I can afford it), as opposed to simply having a number next to my name in some bank’s file.
So… is that practical? Or, more to the point, is that possible?
Can gold still be used as currency? I would not expect to be able to pay for dinner with gold coins, but could you ask to withdraw your money from a bank in the form of gold? And then, if need be, exchange it for regular money again?
Are there gold coins that are US currency? I would be willing to work in gold coins, but I would want it to actually be worth its weight in gold, and not just an assigned value.
If I could do all of this, is it a completely foolish investment?
And if this is all possible, is it possible in other forms as well? Silver? Gems?
Thanks!
well, the way our economy is growing, not actually. you wont get more than 8-10% of growth. Businesses yield more profit in the long run.