I had over 35 kilos of physical silver and that stuff is just super heavy to haul, expensive to store, hard to sell. I still have a silver ETF in my custody account in the negative which I immediately throw out in the green. I believe past price gains and dividends from precious metals investments far outweigh any potential speculative gain from metals. When I see investors in their early 20s, they often prefer to invest in cryptocurrencies rather than precious metals. To me, silver and gold are the stamp collections of the stock market. Investing is just unsexy. Just my opinion.
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@Torro I don't see gold above shares in a real crisis such as hyperinflation. With any tangible asset such as precious metals, shares, real estate, you get monetary value through a crisis.
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@Torro Gold correlates very strongly with the stock market. I once read something about almost 70%. Of course, this doesn't always have to be the case. Bonds have virtually no correlation with equities, but I would not recommend them in the current zero interest rate environment, except perhaps for rebalancing
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@TopperHarley what a bs your reply and and the subsequent posts. Why do central banks buy gold? They see it as a hedge against the uncertainties of their own fiat system. That's all you need to know. But since sentiment is one of the best contra indicators, the opinions and ignorance here make me very positive😂😂
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@MCS_21 mhh well, the gold price still fell during the crises:
87 crash -> gold falls
Dotcom -> gold falls
Real estate crisis -> gold falls
Corona crash -> gold falls (but here only ~10%)
I don't know whether this is a sensible hedge for me as a private investor. I would prefer US bonds such as TYD or TMF, which rise ~80% in the Covidcrash.
Only after the real estate crisis in 2008 did gold briefly outperform the market.
87 crash -> gold falls
Dotcom -> gold falls
Real estate crisis -> gold falls
Corona crash -> gold falls (but here only ~10%)
I don't know whether this is a sensible hedge for me as a private investor. I would prefer US bonds such as TYD or TMF, which rise ~80% in the Covidcrash.
Only after the real estate crisis in 2008 did gold briefly outperform the market.
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@Wojak Of course gold has a high correlation with equities in crashes, because of margin calls and so on. But what comes afterwards is the important question. In a dflation it is one of the best assets and in a stagflation it should be unbeatable. So much for the theory, the practice is of course still a bit different, but you have to look at everything with a certain time horizon.
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