Quote:
Originally Posted by PR_Glen
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.
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Sure, but out of the 3 that's what I own and like. It's better than cash, has high liquidity and a stable market. The funny thing is, I bought a lot back in '05 @ $500 an oz when all the threats of obscenity prosecutions were looming around. I figured I'd buy enough to mount a decent legal defense if I ever found myself in that predicament. Luckily I didn't have any issues and just held on to it. I even bought some more in '14 @ $1240.
I'm about 12% in gold right now. I'm also 33% in real estate, 33% in stocks, and I have 23% sitting in cash.