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Gold, the undisputed "safe harbor". Or is it?

swissie
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Yellowtail Star Member

Yellowtail

Posted
Posted
3 minutes ago, hotsun said:

I dont understand golds value as a hedge against the dollar because bitcoin does it better. I wouldnt expect anyone here to understand

Yeah, it was silly of me to think I might. 

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BangkokHank
BangkokHank

This is precisely why I have 65% of my net worth in physical gold at the moment: If it continues to go up, fine. But for me, the most important thing is to have assets outside of the banking system an

swissie
swissie

I am starting to feel a bit uneasy. More and more "financial advisors" pushing Gold as a uncontested "store of value", a "safe harbor". The "can't lose" syndrome making the rounds.   Those f

FlorC
FlorC

Yes I bought it too in 2011 , but not for a quick profit. I certainly do not regret it.   Central banks keep buying.   It is always risky buying when it is high like now.

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hotsun Gold Member

hotsun

Posted
Posted
2 minutes ago, Yellowtail said:

Yeah, it was silly of me to think I might. 

Its not you personally, i think old folk without kids have no reason to research it

ExpatOilWorker Ruby Member

ExpatOilWorker

Posted
Posted
1 hour ago, Yellowtail said:

While I do not disagree, that chart is a bit suspect. In 1920, gold was about $20 an ounce. A $20 gold piece was 90% gold and weighed just over a Troy ounce. The last year they were minted was 1933. 

Inflation adjusted price.

 

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