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I bought some about 10 months ago as a practice investment, as I figured it was easier to understand than the share market and it had given an average 10%/year
by Humphrey 6y ago
I bought some about 10 months ago as a practice investment, as I figured it was easier to understand than the share market and it had given an average 10%/year return over the past 10 years (well at least in Australian dollars). Kinda wish I bought more though, but who would have predicted a worldwide shutdown?
That said, the gold price has barely moved compared to how much silver has skyrocketed the past few weeks.
The question I'm pondering is, is the value of gold/silver skyrocketing, or is the real tangible value of the USD crashing? I guess only time will tell ️
- topspin 6y ago> The question I'm pondering is, is the value of gold/silver skyrocketing, or is the real tangible value of the USD crashing? A strong decline in the value of USD would be reflected in the prices of all commodities and their is no general commodity price inflation at the moment; the gold and silver price increases are an outlier. The price of gold and silver is increasing because the demand for gold and silver is increasing.
- Humphrey 6y agoThat's a good observation! While not a commodity, I'd just add that where I live (Australia) the price of housing has also been sky rocketing the past few years.