My algorithm has been taking me for a ride lately. Whenever I open my phone I see videos about a potential currency reset and the inevitable failure of the USD. The main driver behind this is the insane surge in gold demand. I have a few work colleagues that are saying they are liquidating their savings to purchase physical gold.
Is this just part of the normal ebb and flow of the economy and should I ignore the fear mongering? Or should I be hopping onto the gold train? I have a healthy amount of money invested in a Vanguard brokerage account and my TSP account. I had a less than ideal experience investing physical gold in the past. I tried liquidating a 1oz bars at a gold shop and they would only offer me $200 under spot price. It was the same or worse at other locations. I appreciate any advice.