Is it good to hoard gold?

Historically, gold has been an excellent protection against inflation, because its price tends to rise when the cost of living increases. For the past 50 years, investors have seen gold prices soar and the stock market crash during years of high inflation. This is why many investors are turning to Gold IRA Investment as a way to protect their savings from inflation. Gold is considered a good store of value, so people can be encouraged to buy gold when they believe that their local currency is losing value. There's no need to analyze the cost of ownership, you know what gold and silver cost, and if you have the resources, it may be an investment worth making.

However, investments for the most part should be long-term. Simply exchanging money now for gold and silver for later use during a crisis is not an investment in and of itself. They will never return your money, but in some cases, those who believe that their survival depends on it, are indeed an investment worth making. Roosevelt The order “prohibiting the accumulation of gold coins, gold ingots and gold certificates in the continental United States.” This is because people chose to accumulate cash, and the safest place to store cash was gold and gold coins at the time.