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Views : 61,556
Genre: People & Blogs
Uploaded At Jul 12, 2023 ^^
warning: returnyoutubedislikes may not be accurate, this is just an estiment ehe :3
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User score: 93.67- Overwhelmingly Positive
RYD date created : 2024-01-07T06:16:15.085954Z
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Top Comments of this video!! :3
The problem is, people who can't cover a $500 emergency are usually up to their eyebrows in debt, and are often behind on bills and rent, and struggle to afford gas and food, because they have income that's simply too low to cover expenses, and are often working more than one low-paying job, so their maneuvering ability is very low. Telling them to save in gold is not very useful because they don't have any disposable income to save, they have a negative income/expenses balance.
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Its very expensive to live in the US. Even with careful saving its very difficult to save up to buy a gold coin. Most people have never held a gold coin in their hand. People might agree that its smart to buy gold, but never have the opportunity to do so. Every gold coin that you buy is a blessing. Not an option for most of us.
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There IS a psychological change that occurs when you save in gold vs digital cash or physical cash. I find I respect my gold savings more, not as a hobbyist, it is something more. Something, old. Idk. But the reason to sell my gold would have to be significant. Have just broke through my first 3 ounces, am at 3 ounces and a tenth.
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@wda-59-14
1 year ago
And if you never have to tap into that emergency savings, tubes of gold eagles, buffalos, and maples become instant emergency savings for your heirs.
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