Gold
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Anonymous
| Should we buy more? Where’s the top? |
Anonymous
| But UGL and wait 7 months to sell. |
Anonymous
| I didn't buy. There will be pressure not to cut interest rates if oil prices indeed stay elevated. Gold is not benefiting from higher interest rates |
Anonymous
| I have some physical gold and will continue to grow my position. You should have roughly 5-10% of investment assets in precious metals. Forget what you learned from economics and interest rates negatively correlating with commodity prices. We a vibe economy now, Boo. |
Anonymous
Do you keep it in a safe in your house or a safe deposit at the bank? |
Anonymous
|
It depends on how much you have, and what percentage of your total wealth is already invested in precious metals.
My target portfolio is 25% of our wealth in gold. YMMV. |
Anonymous
| Why did gold go down today? I would have thought that it would go up because of the war. |
Anonymous
Because high energy prices mean higher inflation and that means Fed won't cut interest rates. Dollar and treasuries become the first flight to safety in high interest rate scenario, not gold. It happened in 2022 when Russia invaded Ukraine. Wars can have rather lasting inflators pressure. Trump is a retar$$d |
Anonymous
| No. It’s to cover shorts and margins. It’ll be up tomorrow. It’ll be up bigly this year. |
Anonymous
| The time to buy gold was anytime before 2025. |
Anonymous
Or now. Gold will go higher. |