Chris Olson

There are going to be corrections.

It's hard for anyone to know what should the true value of gold actually be.

And even if you did know that...

what are the things that prevent that from actually happening?

So there, there's always some level of uncertainty.

So if you're, you know, if you, if you put all of your money into gold, let's say, cause you think the world's going to end tomorrow or, uh, which in which case you wouldn't need gold, but you know, uh, fair, but probably want to buy macaroni, but yeah.

Uh, yeah.

Well, you'll, you'll need, you know, if the world doesn't end, but it comes close, you're, you're going to need some system to barter and trade with.

And in that case, gold, gold is perfect, but

You know, say you put all your money into gold and it turns out six months later you need that money for something.

And the price of gold is maybe down 10% at the time.

Well, now you're going to be forced to liquidate.

So, as with any asset, you don't want to put too much of your liquid assets into it or you could potentially be at a loss.

So, you never want to...

put too much money into anything, you need to have that spending money for all of your daily affairs and unexpected.

So that's one risk.

Um,

The other risk, of course, is going to be storing it securely.

It could be stolen from you.

You could be robbed or you want to make sure that people don't know that you have gold or especially if you have a lot of gold, you want to make sure that that stays really private because there's always going to be the risk that somebody could come and take it and walk away with it.