I called my bank to find out if I could purchase gold and/or silver just for the hell of it. I was told no, banks don't provide that option. I have been thinking about trying to mitigate for inflation that is occurring now and will only get worse. So, since Canada has sold most of its gold reserves, will we have anything to support/back our dollar? Yet Trudeau (who says budgets balance themselves) continues spending away with no consideration as to what will actually happen if this doesn't stop.
Consumer goods are getting more and more expensive which will reduce our discretionary spending, affecting our economy in ways we don't want to consider (Venezuela anyone?) Guess I'll have to do some investigating as to where I can purchase gold/silver for the inevitable day that I may need to use them. I have to protect what I have from those who would take what I have earned over the years. I don't have much, but what I have is MINE! Guess I'm selfish in that way.
I learned how to use my earnings for day-to-day living and ensured that I saved a portion, no matter how little because it does add up! (You know the old saying - a penny earned is a penny saved). I know, that's so "back then". It actually makes a lot of sense because it worked for me. I encouraged my clients (when I was working) to do exactly that - $5, $10 $100 - doesn't matter. Over time, it does add up and the result is the freeing of the anxieties of not being sure of what will happen in the future - an expense not expected - it's ok cuz I have savings that'll cover it - Unfortunately, this isn't taught in school which is why so many people are in debt - they want what they want.
As for budgets balancing themselves, who here has ever had that happen? It hasn't worked for me.
