I plan on moving to Akon City in Senegal once it opens & I have a savings plan to come with a nice amount of money. But with the way things are going with the U.S. dollar & seeing that it's losing its value, would it be a better idea to buy gold with the money before I move & convert it over to Akoins?
Buy physical gold, yes or no?
- Thread starter Buzzed Lightyear
- Start date
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C L O N E*0690//////
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GreenGrass
All Star
your coli cash should be enough
youz a troll , i just know it. you ain'r moving to akon city.
youz a troll , i just know it. you ain'r moving to akon city.
the bossman
Superstar
My man said he buying Akoins 
BaldingSoHard
Veteran
Gold's primary purpose is to hedge against inflation. If you're expecting massive inflation over the mid-to-long term then gold is a good play. With the mindblowingly low interest rate environment we're in now, it would seem that inflation is likely to rise in the coming years, however that depends on the economy rebounding which is likely but not a certainty.
Personally, I can't imagine the dollar falling enough over the mid-to-long term to justify gold over a blue chip stock like Apple or Amazon. And if the economy does rebound, then consumer spending will certainly increase the value of your investments in a blue chip stock more than it would in gold.
If you want the best way to hedge against inflation, buy a house with a low fixed interest-rate mortgage.
I'm not a professional or anything so take what I'm saying with a grain of salt.
Personally, I can't imagine the dollar falling enough over the mid-to-long term to justify gold over a blue chip stock like Apple or Amazon. And if the economy does rebound, then consumer spending will certainly increase the value of your investments in a blue chip stock more than it would in gold.
If you want the best way to hedge against inflation, buy a house with a low fixed interest-rate mortgage.
I'm not a professional or anything so take what I'm saying with a grain of salt.
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Nah I'm not a troll. I'm exploring my options trying to make sure I'm making the best move.
I'm invested in Apple, Amazon, Tesla, Uber, DraftKings, & Nvidia already. I'm trying to stack as much as possible & get the hell out of this garbage ass country.
the bossman
Superstar
If you're actually serious and not trolling you need to be buying Bitcoin instead of gold or some random Akoin
I'm still educating myself on the currencies & which one(s) is going to be the tender they use.
That's one thing that makes me have 2nd thoughts about making that move.