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re: Can someone explain the pros and cons of gold?
Posted on 4/17/24 at 1:01 pm to tgerb8
Posted on 4/17/24 at 1:01 pm to tgerb8
quote:
I think his reasoning is mostly that you can/will make more in the market.
Generally, he is correct…by a lot. Gold is a place to retreat when you think stocks are going to go backwards. It’s also a secure way to hold “mad money”. If you have actual gold the economy could go flat bust and you would still have an asset you could barter with. And the government can’t prove you have it. Mine was in the boat my guns were in.
1
Posted on 4/17/24 at 1:36 pm to Penrod
quote:
Generally, he is correct…by a lot. Gold is a place to retreat when you think stocks are going to go backwards.
Or think the dollar is going to go backwards, if you don't prefer the risks of stocks and need to hold currency. Since August 1971, gold has compounded annually at a rate of 7.93% per year. The dollar has lost 98.20% of its value against gold over that time period. Seems like low risk, solidly performing reward.
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