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By your logic, this is precisely the time to sell non-gold equities -- with comments like Portnoy's "put any 3 letters together and buy that"[1], not the time t
by bmmayer1 6y ago
By your logic, this is precisely the time to sell non-gold equities -- with comments like Portnoy's "put any 3 letters together and buy that"[1], not the time to sell gold, which is behaving exactly as you would expect it to behave when confidence in other asset classes (especially the US dollar) is sinking.
Disclosure: I own gold.
[1]https://twitter.com/stoolpresidente/status/1272886621030014979 https://twitter.com/stoolpresidente/status/12728866210300149...
- imtringued 6y agoUnlike gold other equities are actually expected to net a return and therefore it is possible to invest into them in the long run. With gold the only way you can get a return is through speculation which means you must sell it regularly. With other equities you can just sell them as needed.
- dragonwriter 6y ago> Unlike gold other equities Gold is a commodity, not an equity; gold behaves just like other commodities.