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https://news.ycombinator.com/item?id=23133086 https://news.ycombinator.com/item?id=23133086 I have rotated half into Gold ETFs and the rest into cash for the n
by birdyrooster 6y ago
https://news.ycombinator.com/item?id=23133086 https://news.ycombinator.com/item?id=23133086
I have rotated half into Gold ETFs and the rest into cash for the next few months to do some bearish options trading.
- newacct583 6y agoYou do realize that gold crashed along with everything else in March, right?
- birdyrooster 6y agoGold took a tumble in March but it was nowhere near as bad as the DJIA and the charts bear this out. Also the monetary supply has significantly increased since then which and gold is not strongly dependent on retail consumer demand or other short cycles where uncertainty is injected. While Apple still has to operate and sell phones during the pandemic, Gold just sits there with all of its glorious potential.