I have recently been looking into inflation and how the dollar is worth less and less every year. Here is an article that I read. Regardless of the
media outlet that reports on the issue, there is one thing for certain, it is getting worse. There may have been a thread on this article already but
I would like to note that this thread does not specifically focus on this article. I just used it as a reference.
With that being said, I have made the decision to quit nicotine, mainly by vaping, completely and have been using the money to buy small bits of gold.
I am in no way financially "well off", but I wanted to make a change in my life.
I have been thinking of a way to incentivize(for lack of a better term) myself to quit vaping and generally wish to build a small hedge against the
ever inflating dollar. So I figured why not do both at once?
I have to admit that I have been slacking in the prepping category, not just basic necessities, but also trade and bartering basics as well. I am
hoping that by purchasing small gold, such as gram bars and small rounds like the 1/10th gold eagle, will provide not only an awesome little hobby but
also a means to store a little wealth over time that does not involve the FED Reserve note.
I know that smaller fractional gold comes with higher premiums and makes it difficult to have any short term investing victories, but I figure what
the hell, I was smoking it all up in vapor anyways and I think I already am kind of addicted to the yellow stuff. I have had hobbies in the past that
may have cost just as much without the possible future monetary gain or rewards.
So far I have a one gram bar and friday I am picking up my 2.5 gram bar. I am considering putting some money down on a 1/10 gold eagle. The local coin
shop I frequent allows a no interest purchasing agreement, or layaway if you will. I choose to do business with them because they are local and If I
need to I can resell the gold back to them for a better rate. Besides by the time you add shipping and small purchase premiums from the internet big
guys, it is basically the same price anyways.
Here is a good little article on gold coins and bars.
coins and bars
Anyways just a little bit of info I wanted to share. It seems that in times of uncertainty, financial and political, people can either choose to try
to do something to better themselves, no matter how small of an improvement, or they can choose to ignore the problem and hope it all ends up well.
Does anybody else collect small gold?