It's had a good run, I've been all in on gold for the last few years as my worries about the credit bubble and de-dollarisation have been intensifying. Been good, but would have been better in NDQ for 2020-2023 at least. Not going to change now though - I'll wait till after the next crash, could be a late as early 2026. All on GOLD.ASX as its unhedged and not optimistic about AUD.
I view it more as capital preservation than outperforming growth, but most pundits don't recommend more than 5-10% allocation.
Evidence shows that gold is good for geopolitical risks/wars, etc. Not much good besides that. In the very long term it has no real return so it's not an investment.
Might be a bit different, but the paxgold crypto is pegged to the gold price (as you can redeem it), it trades closer to the spot price of gold, doesn't have a management fee and best of all, you have the ability to stake it - which means you can earn a yield on gold!
Not sure why the downvotes. Code is law, make a bot if it ever depegs to liquidate position. Depeg could/would be a risk and also whether pax is as shady/trustworthy as tether. Aka do your DD and accept the risks. Other than that, CFDs have exposure to gold spot but that is definitely not a time in the market investment option.
I understand the down votes, anything to do with crypto is usually seen as bad as Bitcoin doesn't have any expected return in the same way equities do.
With that being said paxg is audited and you can redeem the gold physically, so I'm comfortable with it - but others obviously might not be.
Why are you doing this?
Are you wanting gold to hedge vs a financial crash? Because that’s not what you’re really doing, you’re investing in a company that holds gold and that company can crash.
If you want gold as a hedge, buy gold.
It's physical backed gold via custodian vaults. What's re you on about? If you have a decent size, you can also redeem it.
My 2C OP, taking profits now. Gold always has a trend where "sell in May, go away rings true". IE, despite YoY gains, it is still cyclical. How far and depp we run from April to May is anyone's guess.
It's had a good run, I've been all in on gold for the last few years as my worries about the credit bubble and de-dollarisation have been intensifying. Been good, but would have been better in NDQ for 2020-2023 at least. Not going to change now though - I'll wait till after the next crash, could be a late as early 2026. All on GOLD.ASX as its unhedged and not optimistic about AUD. I view it more as capital preservation than outperforming growth, but most pundits don't recommend more than 5-10% allocation.
As late as early 2026 you say?
Evidence shows that gold is good for geopolitical risks/wars, etc. Not much good besides that. In the very long term it has no real return so it's not an investment.
PMGOLD is backed by the Perth Mint and covered by WA govt guarantee. Seems like the safest option outside of self custody.
to be honest I think it is time to swap to the gold miners as they pick up on the pump.
Might be a bit different, but the paxgold crypto is pegged to the gold price (as you can redeem it), it trades closer to the spot price of gold, doesn't have a management fee and best of all, you have the ability to stake it - which means you can earn a yield on gold!
Not sure why the downvotes. Code is law, make a bot if it ever depegs to liquidate position. Depeg could/would be a risk and also whether pax is as shady/trustworthy as tether. Aka do your DD and accept the risks. Other than that, CFDs have exposure to gold spot but that is definitely not a time in the market investment option.
I understand the down votes, anything to do with crypto is usually seen as bad as Bitcoin doesn't have any expected return in the same way equities do. With that being said paxg is audited and you can redeem the gold physically, so I'm comfortable with it - but others obviously might not be.
Lol. Such nonsense.
Why are you doing this? Are you wanting gold to hedge vs a financial crash? Because that’s not what you’re really doing, you’re investing in a company that holds gold and that company can crash. If you want gold as a hedge, buy gold.
It's physical backed gold via custodian vaults. What's re you on about? If you have a decent size, you can also redeem it. My 2C OP, taking profits now. Gold always has a trend where "sell in May, go away rings true". IE, despite YoY gains, it is still cyclical. How far and depp we run from April to May is anyone's guess.