Gold
by siff | February 2, 2016 4:40 pm
Hey,
My question is : Is it now or soon, we should think about investing in gold[1]?
Katerina
Endnotes:
- gold: https://www.stockgumshoe.com/tag/gold/
Source URL: https://www.stockgumshoe.com/2016/02/microblog-gold-3/
I don’t think of buying gold as “investing” — I do do some speculating in miners and related stocks, since they’re levered to gold, but I don’t buy gold because I think I can sell it soon for a higher price, I buy it as a currency hedge against dollar-based savings more than anything else.
And whether it goes up or down over the next year I don’t know — that probably depends more on what global currencies are doing than anything else.
Tanks for your answer Travis. Miners and related stocks is what I mean by investing in gold, wrong choice of words perhaps. But no action in that area right now. But if the market goes down there might be or what? – Katerina
Siff, I realized I commented here only in terms of owning physical gold when you’re asking about miners, and I don’t mind making a specific recommendation (something Travis has to refrain from), so please see this comment I just made on this thread re: SGDJ:
http://www.stockgumshoe.com/2015/11/microblog-thoughts-from-myron-buyable-dip-as-the-market-roller-coaster-ride-continues/
Thank you Patricia. I have seen some movement in miners these last days.
I will look into SGDJ 🙂
Hear, hear! Anyone who studies financial history and comes to a very different conclusion about gold than Travis’s is a victim of incorrect thinking. It’s a form of savings or insurance – not an investment.