Gold is supposed to be 10-15% some say 30% of your portfolio. Be responsible.

https://youtu.be/Y4FSMYSt2zQ?is=AxKhNEsWVJcckuBX

Dollar goes down assets are supposed to go up. You need more assets.

I'll pass on the gold, if inflation causes the dollar to decrease in value I'll just charge more.

House and debt is cheaper than rent from a citizen. Renting from your local government is cheaper. (property tax) Rental properties can make you money. If you have the right stuff to be a landlord. LOTS of headaches involved. A little metal is a hedge against the dollar collapsing. A possibility though not likely in the near future IMO. People are pretty accepting of the dollars value. Another depression is also possible. Debt for your home will hurt you bad if it happens.

If the economy crumbles it will be because of the national debt. If every country that holds treasury bonds dumped them, a little metal and a debt free home will be very valuable.

Debt as a tool is best when what is mortgaged won't be a hardship if something prevents you from paying the debt. If its not a need don't borrow to buy. Especially with credit cards unless you intend to pay it in full before any interest is charged. Credit card interest is worse than ridiculous. There are advantages to using them. The biggest advantage is very low theft risk from scammers. You may get scammed/hacked but your money wont be tied up while its being sorted out.

If you sell your home after figuring interest on the debt, maintenance, tax, insurance, you wont have gained much most times if any. Then you have to buy a new home in the same market you sold in. Much better than renting but not a money maker very often.

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