Gold should always be a safe haven in your portfolio
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@ItsOlafSnowman Oh, and in times of real crisis everyone suddenly buys more gold because they have nothing better to do with their money, right? 😉
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@AlexBloch if you buy gold in the middle of the crisis, it's too late 😌
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@ItsOlafSnowman This means that the gold price will not rise in a crisis... But neither will it rise much further when it is at an all-time high, as it is now. And it will not continue to rise forever. Ergo: The profitable gold train has long since left the station, just like crypto.
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@AlexBloch ah then you are interested in losing money? Ok go your way.
And if crypto is not profitable why are so many making profits with it?
There is no holy grail don't try it...
And if crypto is not profitable why are so many making profits with it?
There is no holy grail don't try it...
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@ItsOlafSnowman Crypto has only made a profit for those who got in cheaply a long time ago or recently, but not for the rest. The same applies to gold. Both have no intrinsic return because there are no working people behind them who contribute their own labor to the return. Quite the opposite of shares.
There is no holy grail for making high profits quickly. But there are methods of at least tapping into systematic market returns with relatively little risk. Much less risk than with gold or crypto.
Sorry, just wanted to question your original advice. Unfortunately, I couldn't come up with a plausible rationale for gold.
There is no holy grail for making high profits quickly. But there are methods of at least tapping into systematic market returns with relatively little risk. Much less risk than with gold or crypto.
Sorry, just wanted to question your original advice. Unfortunately, I couldn't come up with a plausible rationale for gold.
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@AlexBloch I'm not trying to impose anything on anyone, but you are 😊
Don't feel offended when others express their opinion.
Doesn't bring you any advantages
Don't feel offended when others express their opinion.
Doesn't bring you any advantages
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@OlafTheSnowman
But as a security component, it's more of a traditional recommendation, isn't it?
Gold has a weak negative correlation with equities in the long term, but not reliably in every crash.
But as a security component, it's more of a traditional recommendation, isn't it?
Gold has a weak negative correlation with equities in the long term, but not reliably in every crash.
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•@Yoshika Gold is a precious metal and, in my opinion, should not outperform anything or bring big profits - it should protect your money. Earn money and keep money
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@OlafTheSnowman
I understand. I just think that protection without a real return is also a risk in the long term, because it gradually loses purchasing power.
I understand. I just think that protection without a real return is also a risk in the long term, because it gradually loses purchasing power.
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@Yoshika Yields and dividends can come to a halt during crises. You should therefore have more stable asset classes in your portfolio to compensate for this.
Do you think another asset is safer in a crisis than gold?
Do you think another asset is safer in a crisis than gold?
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