Portfolio diversification - 5-10% in Gold
We can see from the long term monthly chart that it took more than a decade for the prices to go from low of 98 to 184 before it finally broke out in March this year. The price has been rallying non-stop thus far and I believe we have yet to see the peak yet.
Some investors like physical gold while others prefer digital gold. I am of the opinion that central banks worldwide has jumped on the bandwagon of printing money to sustain their own economy. China is now on this mission to shore up its weakening economy and US is definitely going to print more.
More debts mean more interest for the government to pay off which will weaken the reputation of US dollars over time. When enough people feel US dollar is weakening (as it is now), then they would want a safe haven to park their money. Gold for centuries has been labelled as a safe haven to hedge against inflation.
One must have a longer time frame to invest in this alternative asset and not expect to make quick returns in a year or two. Central banks worldwide have shore up more gold than before , just google it.
With pull backs , I would want to accumulate more.
Some investors like physical gold while others prefer digital gold. I am of the opinion that central banks worldwide has jumped on the bandwagon of printing money to sustain their own economy. China is now on this mission to shore up its weakening economy and US is definitely going to print more.
More debts mean more interest for the government to pay off which will weaken the reputation of US dollars over time. When enough people feel US dollar is weakening (as it is now), then they would want a safe haven to park their money. Gold for centuries has been labelled as a safe haven to hedge against inflation.
One must have a longer time frame to invest in this alternative asset and not expect to make quick returns in a year or two. Central banks worldwide have shore up more gold than before , just google it.
With pull backs , I would want to accumulate more.
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