It is a cool way to essentially make the same return as VTI over the 1 year time frame (just a tad less). Assuming you bought physical gold and not a gold etf or something.
Right now is a good time to bet on Gold, But you need to be just as ready to bet against it. When it breaks the downside may be long and deep.“Bag holders”
Or just hold a market index fund and outperform gold on every medium and long term outlook.
For now I agree it is going up, what it will be doing in 18 mos, who knows. Things change quickly.
Boston's mom was cupping my balls when I used all her entry points last night.
There is never a bad day to make entry but I usually wait until she’s gone down first.
The smart play is to do a bit of both, I have moved more of my $$ into cash now the election is done. will miss some upside to miss the coming downside. Protection mode. Had a very good year with the money betting on a Trump win, now will let things settle on reality of the mess ahead.
Yep. Seeing the benefits. That’s why I have financial advisors that I pay and don’t follow then advice of message board geniuses.
I said bet on it, to me gold is for your play around $$ not long term investment. Most people own funds of different types depending on their goal, to me everything else is a trading toy
