At the all-time high 👌🏻
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2Mon
@derteufel And? I started buying gold (physically) in 2011, i.e. at the ATH at the time (and kept buying more). I sold everything at 2,300 and made a profit of around 70 percent. It certainly wasn't a huge hit, but I think it was a good return for a rock-solid, conservative investment.
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@Charmin Yes, if you pursue a very conservative strategy, that's ok. Returns are just very poor. I see more opportunities and security in a broad-based, long-term ETF. Gold falls in "crises" just like everything else.
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2Mon
@derteufel I think 70 percent in 12 years is anything but bad for the conservative part of a portfolio. I wasn't 100 percent in precious metals.
And gold tends not to fall in crises, but to rise. Gold is at its weakest when the economy is booming and the global situation is stable.
And gold tends not to fall in crises, but to rise. Gold is at its weakest when the economy is booming and the global situation is stable.
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If I take the chart of gold and any index, gold falls in value in the same way. Look at ditcom, the financial crisis, corona, to name just the most recent events. But you can also take the Korean War or Iraq. It doesn't matter at all. The money you have/had in gold would certainly have yielded more if it had been invested in a good ETF, for example.
But note: I don't want to demonize the "commodity view". Everyone has their own strategy and that's fine. It's all good :-)
But note: I don't want to demonize the "commodity view". Everyone has their own strategy and that's fine. It's all good :-)
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