8 ms·
Wow, downvotes. The hate for gold is strong, never really understood why. The fact is that gold is one of the few asset classes that are safe.
by aedron 7y ago
Wow, downvotes. The hate for gold is strong, never really understood why.
The fact is that gold is one of the few asset classes that are safe.
- AstralStorm 7y agoI wouldn't be so sure, it is only worth much because we believe so. (Likewise platinum.) They will bubble and crash. As opposed to say steel and copper which are tied to industrial supply and demand.
- tempsy 7y agoMoney is shared fiction too. The difference is we can print an infinite supply of it but only have a finite supply of gold in the world.
- ac29 7y agoGold has the volatility of the stock market, with lower returns than bonds: https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timePeriod=4&startYear=1972&firstMonth=1&endYear=2020&lastMonth=12&calendarAligned=true&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&asset1=Gold&allocation1_1=100&asset2=TotalStockMarket&allocation2_2=100&asset3=TotalBond&allocation3_3=100 https://www.portfoliovisualizer.com/backtest-asset-class-all...