I've rapidly soured on gold, even as inflation insurance. So much of its value is in its monetary premium already and I think there's good evidence that bitcoin is already eating into that.

I'd rather hold silver, which is primarily valued for it's industrial uses, but can gain monetary value during periods of debasement.

I also think the industrial value of both metals will grow over time, but that will only really have an effect on silver's price, since so little of gold's value is industrial.

Undisciplined

econ

Why Gold Is Such A Terrible Investment

Gold is not an investment. However, I do think it is still decent insurance to protect you from monetary debasement. The problem is the storage cost, verification costs, fees for buying and selling add up. This is why most people buy paper gold, which is a silly way to do it, gives the government a giant honey pot and huge funds and banks a mechanism to suppress price. 