So, say I have €10,000 and I'd like to protect it value over say 5 years, and assuming I believe hyperinflation is a possibility, is gold a safer bet?
I know I don't have to physically have the gold but can buy gold certificates or something to say I'm the owner of some quantity of gold. What costs are involved in buying and selling gold, assuming its value per oz stays the same?
Came up in conversation yesterday, no particular plans to hoard coins under the bed, but if I had €10 million in the bank and I believed hyperinflation was a real possibility then I think I'd have to seriously consider the "currency" I held the money in.
I know I don't have to physically have the gold but can buy gold certificates or something to say I'm the owner of some quantity of gold. What costs are involved in buying and selling gold, assuming its value per oz stays the same?
Came up in conversation yesterday, no particular plans to hoard coins under the bed, but if I had €10 million in the bank and I believed hyperinflation was a real possibility then I think I'd have to seriously consider the "currency" I held the money in.