Quote:
Originally Posted by MahiMike
Gold is up 30 pct in the last year. Stocks 3 pct. Countries around the globe are stockpiling in millions of pounds. They know the central banks are out of options. Everyone should have at least 10 pct in gold.
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This is horrifically bad advice.
Gold is, and always was until fools thought bought hogshit salesman’s advice, a commodity. Thusly it makes a horribad investment. Nobody was saying dudes should own 10% wheat in 08 or corn in 12.
It’s a commodity man. Don’t buy the shit. Look at a monthly chart and go back as far as you can go. It’s not an investment, it’s a commodity.