Sold a piece of land and got a box of monopoly worthless tokens.

These economic processes that I observe make me concerned. Thinking about jumping back into PMs (mainly American Gold Eagles) as a way to preserve the purchasing power.

but the $2,000 per troy ounce price right now seems like a terrible entry point. I have a feeling we will see a dip shortly.

How much more do gold coins cost than bullion?

Spot price is 1960 right now and you can only get that if you get 100 oz bullion bar, or such. 1 oz American Gold Eagles are 2100 at coin shops. You can get a private sale for around 2000. Especially in a quantity.

Prices are nuts right now. Silver is even worst. spot is 24.50 or such but hard to find them under 26-27/oz, even more so for American Silver Eagles.

Buy tungsten.

I sold some inherited land and bought shares in mutual funds hosted by Janus-Henderson and Fidelity. They have performed very well since but require no daily attention from me. Shares can be bought and sold online at any time without penalty. No fees ever.

I feel constrained to note that precious metals are precious only because people think that they are precious.

^ The same can be said for fiat currency, crypto-currencies, houses, land, cars, or anything else you can buy... it's all worthless until you can find someone who will pay your asking price.

The major weakness of precious metals is that they produce no income. No financial planner will ever tell you to buy them, but I suspect OP doesn't care about that.

sundial: When you sell shares, any capital profits you make are subject to CGT: https://en.wikipedia.org/wiki/Capita..._United_States. The same (or very similar) rules apply in most other western democracies too.

I can live in a house, drive a car, eat food, raise crops on land... About 5% of gold is used other than as a store of value: jewelry, dental prostheses, computer chips... If people decide not to be so interested in gold, it's value can drop by a factor of 19, and you can't do anything else with it. Charles Munger points out that we pay Africans to dig up gold so we can bury it in the US.

The major weakness is that they perform more poorly than the stock market.

OP thinks he can buy stuff with it after the Apocalypse.

The same if you sell metals - if they appreciated.

Gold is extremely important in electronics because it is a near-perfect conductor of electricity. I also own some modern and older gold coins for numismatic reasons, because it is amazing what a good mint can do with this soft but sturdy metal. (I also own several coin "proof sets" for the same admiration of craftsmanship.)

But, in the end: "you can't eat gold."

What you do with your money is of course up to you, but I believe in putting it to work – in the form of well-managed investments. Somebody else, if given the opportunity, can make money with my money and thus increase it. I have neither the time nor the expertise (nor the willingness) to do the management myself, but my faith in those who do has been consistently rewarded.