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by tom_mellior
1890 days ago
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Gold has this mythical reputation of stability, but if you look at the data, that's not true. It can swing by a factor of 2x one way, then swing all the way back, within ten years: https://www.xe.com/currencycharts/?from=XAU&to=USD&view=10Y It's a speculative asset like anything else. It might make sense as part of a portfolio, but don't expect it to perform miracles. I use an investment company that invests for me in a mix of ethical stocks, bonds, and yes, unfortunately, some gold. None of this will do me any good if the current stock market highs turn out to be a bubble. |
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