FWIW, the time to buy gold was 3 years ago.
When *everybody* is saying buy, it’s long past the right time to buy - same is true with any investment, be it real estate, bonds, stocks, porkbellies, whatever.
“””””When *everybody* is saying buy, it’s long past the right time to buy - same is true with any investment, be it real estate, bonds, stocks, porkbellies, whatever.”””””
I agree in a normal market but with the gov. spending the dollar into infinity - dollar collapse, or significant devaluations are likely.
Commodities like energy or food will always be in demand regardless of other asset declines and can serve as store of wealth. You have to be an active investor, there is a time to be in gold and at times to be in other assets like corporate bonds, RE or stocks, each has it’s day, sometimes years
Dow 10,000 today is inflation adjusted to Dow 7,500 in 2000 dollars
If you truly believe the dollar is going to appreciate over the next 5 years keep your paper money in your mattress, If you think it is going to fall significantly you want to put it somewhere where you will preserve it’s value.
The trend is your friend
Place your bets and we will see where it all settles out in 5 years.