Nonsense. And yet over the last 25 years, gold has handily outperformed the S&P 500.
the dollar has stabilized? perhaps when compared to other currencies one could say it sucks the least. But a dollar used to be worth 1/35 an ounce of gold. Now it’s worth about 1/4000 an ounce of gold. Gold hasn’t changed. The dollar is becoming worthless.
Gold is down. Silver is up again, though.
https://www.kitco.com/price/precious-metals
Bkmk
Gold has always been a good hedge.
I’m a firm believer in a balanced portfolio and sometimes that means your hedges should be bigger (and sometimes smaller).
I think the mistake a lot of people make with gold is viewing it as a growth asset - yes, sometimes it *can* look that way, but that never works out in the long-term.
For the record? I’m bit deeper into gold now - and it’s always fun when a downside hedge actually performs well.
I do think we have some market valuation problems - despite being an AI believer, there’s absolutely a bubble and it’s gonna pop at some point. Bubbles always do.
If I knew the proper ratios? Well, I’d be sitting on my own island, sipping a cocktail.
I’ve been trickling some profits and upping my hedge - +5% or so... but, I never go all-in against capitalism.
The 87 Black Monday... dot com bubble... 2008 GFC bust.... Been through enough to know — a bad time is *always* coming.
What I’ve learned is to hold value, rotate out to hedges when you think the bubble pop is coming, but only the fool thinks it’s ever *OVER*. You ride out the inevitable crash and the inevitable bear and retain value.
I sold it a couple years later for $400.00 and I thought I did good. Should’ve hung onto it…
Nonsense. And yet over the last 25 years, gold has handily outperformed the S&P 500.
Until the country learns how to determine where the gold can work without inflating itself through mishandling, it ends up being a commodity in itself and nothing more than a product that can be sold on the shelf for more than the things around it are worth.
wy69
I say Gold is in a bubble. Of course it will still retain some value after the exuberant push fades .
My take is that most of golds rise is due to Putin’s war and increased world tensions ever since he invaded Ukraine. When he invaded in Feb 2022 $1,974 per ounce>>>>>
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AI >>>>
When Russia invaded Ukraine in February 2022, the price of gold was around $1,974 per ounce, which was the highest level it had reached since September 2020. The conflict caused gold prices to spike as investors sought this safe-haven asset amid the increased geopolitical uncertainty.