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Originally Posted by OneHungLo
I like gold. I bought a lot back in '05 and bought some more in '14. Physical gold. Everything is cyclical and since we've been on a pretty crazy run up, eventually shit is going to turn south and I feel like gold could hit 2-3k an oz.
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gold buys are generally a safety against a crash, sure, but for the most part it does not sky rocket in times of recession. It's crazy increase in value in our recent past, if anything, has just over inflated its worth in itself. Which in a way makes it more volatile than ever. Which sounds crazy I know, but that is just straight up fibonacci.
long term it always goes up yes, but real estate goes up faster in general.