Should I spend each paycheck I get my shitty part time job a piece of gold?

So I've been thinking a lot recently about me wanting to spend all of my checks on a piece of gold in my part time job. Stupid or good idea? I starting to lost trust in banks and I hate paper money to carry around

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No, asteroid mining will make gold nearly worthless. You know what you can’t get from asteroids? Bitcoin.

And how much will it cost to mine an asteroid

Silver might be better

if you have any sense you will put 10-25% of your wealth in gold end off

Don't forget palladium, only mined in a few places but mostly russia.

the general rule is you get 6-12 months of funds in a cash account, this is your short term safety net

then you use your tax yearly free investment allowance, this is your retire on my own island fund

then you can gamble on shitcoins/markets/hookers&blow with little risk to yourself

gold/silver is a long term investment. its what you buy to shield a lump sum from the world. it wont make you rich, its not as liquid as cash but if you cant/wont invest and money is sat in the bank going negative, you may as well lock it up in gold/silver

SILVER

dude the amount of gold on earth is staggering. it could cover the surface 1 meter high as a careful estimate. the entire fucking surface do you know how huge that is? tiny asteroids can die in shame.

never trust anything that comes out of russia!
that's also the reason you should never touch eth.

gold has gone up about 30% in as many years. who the fuck wants this shit? no one.

and in 20 years when they are mining the fuck out of asteroids precious metal prices will plummet.

chasing down asteroids and mining them and more importantly bringing that shit back will still be shockingly expensive in 20 years. look at what happened with space travel in the past 20 years! 3 steps back two forward.

Eccept its at .oo1ppm or less. So ots not feasibly extractable. Where as an asteroid is 1-w.e.% of gold and precious metals.

some asteroids maybe but most of them are ice or junk rocks.

Silver, not gold

You know what doesn't disappear if the electricity grid went offline?

Precious metals.

>if the electricity grid went offline?
extremely unlikely and you should invest accordingly

bullets will worth more than gold if it happens anyhow.

This is far from "extremely unlikely"

Make it silver

k

Seriously don't fall for the gold meme.

Protip: If the grid gets shutdown, you need to be invested in food that will last more than six months.

Especially if you live in America. Most of us Americans wouldn't survive a week without muh iPhone or muh Netflix, which is pathetic.

Some of us would be able to survive and even capitalize off of it. I think you're on the right track

gold is insurance not investment.
everybody with a bit of brain knows this.
insurance costs you money. gold costs you money. trading storing inflation... but in certain situations it will offset your other losses.

>be Genz / Millenial NEET
>never experience power outage ever
>conned into outer space meme
>muh flying cars anydaynow

Yes. Asteroid mining. Right around the corner, user. Get out of precious metals now.

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>20 years

Kek. You kiddos make me laugh so hard.

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