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Do you own enough gold !!!!!!!!!!!!!!

21 Jan

What are “core holdings”?

Core holdings are your emergency money. They’re your ace in the hole – the gold and silver (and maybe some platinum) that you hope to God you never have to use, but thank God you have if you do. They are your bridge across social, political and economic chaos.

What form should they take?

Core holdings have four crucial qualities.

First and foremost, they have to be liquid – something you can sell in a heartbeat.

Second, their value should be widely and instantly recognized. When blood is running in the streets, you don’t want to find yourself trying to sell some off-the-wall asset.

Third, they should be easily and quickly divisible. A bar of gold is inconvenient when all you want is to buy a loaf of bread. You may not be able to get change.

Fourth, they should not require assaying. In other words, their quality and purity should be instantly recognized.

via ASI Alert | Always Something Interesting.

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Posted by on January 21, 2012 in investing, money

 

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