It's very difficult to set a time for the dollar's collapse. Just understand that, over the past 100 years, the dollar has steadily lost value against gold. The only thing we know for sure is that the devaluation is now speeding up. We cannot give a timeframe for the future devaluation.
Currently, NO currencies are backed by gold.
As for buying gold, there are not many places that sell gold bars or coins. When I lived in India, I wanted to buy some silver, but could not find any shop / outlet that sold any. Finally, I found a place which sold gold bars, but only by order. In my home country of Canada, I could find only a few dealers throughout Southern Ontario. Considering that there are over 12 million people living in that region, the fact that I could find only a handful of precious-metal dealers indicates how undervalued those metals are.
Hope you can find some bars or coins. Best of luck!
I really hope so too..
Gold certificates vs gold bars .. is there any difference when it comes to value?
Yes!! Gold certificates are paper, which means they are worth nothing. For every single ounce of gold or silver, the banks can sell hundreds of certificates laying claim to that ounce.
When hundreds of people line up to claim that one ounce of gold, the first person will be lucky to get it. The other people will be told "Sorry," and given a valueless piece of paper.
Do not waste any money on gold certificates or ETFs. Buy only PHYSICAL gold or silver.