"Pisky, go meet Kijiji Scott in a parking lot in Barrie..."
Why we like it
Great hedge! We've jumped into a few gold & silver stocks in addition to picking up some physical bullion. Calling to action our true inner pirate-ism. "If the world goes completely to shit, gold and silver will be king, Pisky" says a stern/informative Fulldog. Makes sense. Although, if we haven't seen "completely to shit" yet, I'm not sure about you, but I am (very) afraid.
Opinion: Another reason why I believe "we" like gold & silver is Fulldog's diabolic desire to send me around the province of Ontario meeting sellers he finds on Kijiji. Zero exaggerations here, Banfield Groupies. The last adventure was a 2 hour drive north, to a police station parking lot in Barrie. I found the police station aspect to be smart/comforting. Call me naïve, but I can't imagine too many scam artists would suggest meeting at a 24/7 video surveillance cop shop. I'll be honest, I don't know too much about the precious metals game. I had to meet Kijiji Scott on two separate occasions and pretend I knew what I was talking about. Luckily, I was on my game both those days and was able to weather the storm with some timely/corny precious metal jokes ;)
Gold & Silver steps
How we go about acquiring
We hunt for physical gold & silver at best price (Bullion dealers vs Kijiji)
If physical prices are too inflated, we look at stocks or ETF's that mirror physical gold & silver prices
To acquire stocks or EFT's we roll with the Wealthsimple app (Yes, full disclosure, that is an affiliate link. They flip you two random stocks for signing up + one to us if you use the link)
We're currently in ABX, SLV & PSLV