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Physical gold is the only reliable asset if the markets collapse in case of a crisis similar to 2008. It's five years low and good time to buy!
by X-Factor 11y ago
Physical gold is the only reliable asset if the markets collapse in case of a crisis similar to 2008. It's five years low and good time to buy!
- hliyan 11y agoNot every comment mentioning gold is automatically downvote-worthy. In case of market collapse, gold does tend to have more utility than other assets.
- um_ya 11y agoIf you're looking for a multiple on the gold trade, look into the gold mining sector. When gold moves a little, the gold miners move a lot. GDX and GDXJ are some good basket ETFs. GDXJ is the junior mining companies and has a higher multiple than GDX. It also works in the inverse too though, if gold goes down, these go down even more.
- jldugger 11y ago> It's five years low So the commodities market is collapsing?