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Anonymous
I feel like no one really invests in gold these days with equities and the crypto craze.
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Sabrina Wong
24 Nov 2021
Communications at University at Buffalo
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Robin
01 Oct 2021
Administrator at SG
Gold
Yes I agree that gold is an older day thing and more popular with our grandparent's era and even our parent's(boomer). It was used as an insurance back in the days.
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Warren buffet used to say that gold is a non-productive asset. When u buy a stock, you buy a live business and even a slow moving stock that pays dividend is better than gold that just sits there and takes up space. Besides, it's also very slow moving and it does not necessary move up when an inflation occurs which then defeats it's purpose as a hedge against inflation. It does hold some value and can be quite volatile. It is better to see it as a collectable that hold some value. Something that you can "bai swee" and can touch.
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Crypto
I am also bullish on crypto and crypto people are usually enemies of Pro-gold people like Peter Schiff. I will allocate my funds appropriately with majority in stocks and about 20% in crypto for the volatility and potential that it has. I may purchase gold also in future but only to "bai swee"
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CommonSense Investor
01 Oct 2021
Certified Professional at Biotechnology and Gene Therapy Industry
Gold is not an investment. Gold is a currency hedge against inflation and money printing
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Palantir actually bought gold bars in August as they can forsee in the futures more and more black swan events. However their returns so far has not really been great.
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Gold, silver, crypto. Any form of hard money that you can store some of your wealth outside of the F...
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I beg to differ that gold is a long gone investment commodity. Based on my research, gold had an average annual returns of 10.61% between January 1971 to December 2019, which shows why having some amount of gold in ones' portfolio makes sense.
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Here's the stats: https://www.statista.com/statistics/1061434/gol...
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Honestly speaking, gold works best as part of a diversified portfolio, particularly when it is acting as a hedge against a falling stock market & inflation.
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Here's sharing some insights from an article on why you should start investing in gold: https://bit.ly/case4gold