I can understand why they are doing it. However, I would advise doing it correctly. Don’t put yourself in financial stress. Just to spend money. But if you spend money now, then you have things that will actually be worth something. And you can pay it off with inflated money later. So you get the best end of both deals. As an example, if I wanted to, I could borrow $5,000 right now because the payment on a $5,000 loan would be $100 and I can easily afford that because I have a budget and know where my money is going. So I could take that $5,000 loan and buy gold with it, thereby keeping an asset that holds its value and doesn’t inflate away and pay the loan back with increasingly worthless fiat currency.
I can understand why they are doing it. However, I would advise doing it correctly. Don’t put yourself in financial stress. Just to spend money. But if you spend money now, then you have things that will actually be worth something. And you can pay it off with inflated money later. So you get the best end of both deals. As an example, if I wanted to, I could borrow $5,000 right now because the payment on a $5,000 loan would be $100 and I can easily afford that because I have a budget and know where my money is going. So I could take that $5,000 loan and buy gold with it, thereby keeping an asset that holds its value and doesn’t inflate away and pay the loan back with increasingly worthless fiat currency.
Buying and selling gold has a large transaction and maintance costs… What is u smoking bro.
What r u smoking