@user35903002213 Gold is "productive" in that it does not massively depreciate in value like paper money. It is productive in smoothing the portfolio in turbulent times.
@user35903002213 Smoothing out returns? Were you already investing in 2001, 2008? I was able to buy my house in 2011 because gold was also strong in 2008 while shares almost halved in value
@goebi22 2001 and 2008 are good examples. Those who invested everything in shares before the crash are now better off than those with gold. And those who invested everything in Bitcoin in 2008.....
