I keep around 10 months cash reserve, which is what I'd raid. Most every spare $ goes into IRA's or managed investments against a looming redundancy, and probably a semi retirement, I can't afford lol.
What I'm thinking about is to sell some bullion to raise the cash as opposed to raiding my emergency $, ie will PM prices outstrip deposit interest over 5 years. No easy answer without that crystal ball. :)
When my grandmother died I got sent these sovereigns she left me. Never really thought about it, but is there an "at home" test to see if they're genuine ?
They're dependent on demand. Portable, yes, used as a unit of value for centuries, yes. However, it might be optimistic to assume they could always be traded for other goods and services. Early societies got by commercially without precious metals as a store of value.
For example, two people...
There have been times / places / cultures. Given a time of real scarcity the "value" can plummet. Do you want this 1lb of gold or to prevent your family from dying of starvation today ?
As far as I can tell GA doesn't have an estate tax ? The fed one kicks in on estates worth $11.7M and up, so I'm not too worried.
Now, if unrealized gains become taxable the whole economy's going to take a sucker punch.
If you're using the right valuation methods, yes. If I offered silver bullion at market spot bid I'd probably sell locally to a private buyer quite easily.
Really what method to use to to value portfolio holdings.
Really it's a commodity, traded on open markets. You can establish a value based on those prices. It's which prices do people use, and how do they adjust them.
Some might say use the ask spot price from the London market, others may use whatever the local pawn shop's paying. Ask / bid ? +- x % ?