When you understand the fiat system you will realize the benefits of having a position in metals…
James discusses traveling through Turkey recently and seeing Istanbul’s impressive ancient architecture. There is considerable bullion demand in Turkey particularly due to ongoing issues with their currency. The people there are suffering and barely able to stay above water.
If you buy bullion you want to have a long-term perspective. When you understand the fiat system you will realize the benefits of having a position in metals.
Premiums are still somewhat elevated and James believes we may not see a return to pre-pandemic levels.
It’s unlikely the United States would go after an individual’s gold directly. However, they may create some additional fees or taxes on the metals in the future. Having some of your bullion offshore may be a good idea so long as you are cautious of where you keep it.