52 ms·
Ask HN: What do you think about investing in gold (current condition)?
It will give you profit in next 5 years or not.
- PaulHoule 8y agoThe current gold price is "not crazy" but like everything else it is based on supply and demand. For instance people in India use it a store of value and there are a lot of them. Maybe electronic payments will take a bite out of that, or maybe people will be mistrustful and want gold even more. Gold is interesting not so much as a directional bet but as a hedge in a larger portfolio. See https://www.bogleheads.org/blog/harry-brownes-permanent-portfolio/ https://www.bogleheads.org/blog/harry-brownes-permanent-port... Harry Browne wrote a book on the Permanent Portfolio (slightly different from the one described) in the 1970s and it did pretty well. Later on he ran for president as a Libertarian. https://www.bridgewater.com/research-library/the-all-weather-strategy/ https://www.bridgewater.com/research-library/the-all-weather... If you look at some of the white papers that Ray Diallo wrote about "All Weather" there is very similar thinking with Browne.