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Gold is not a suitable comparison to stocks - it gets brought up on here all the time. Gold is not uncorrelated to the market. Gold is not a store of value. Gol
by bluedevil2k 6y ago
Gold is not a suitable comparison to stocks - it gets brought up on here all the time. Gold is not uncorrelated to the market. Gold is not a store of value. Gold is a speculative investment with a great marketing team.
- yarky 6y agoEverything is correlated when shit hits the fan. Gold has stored value since forever. These days every investment is highly speculative.
- webmaven 6y ago> Everything is correlated when shit hits the fan. Gold has stored value since forever. These days every investment is highly speculative. I wouldn't want to be holding a lot of precious metals if/when asteroid mining gets going.
- edoceo 6y agoBTC and Doge enter the chat...
- Clewza313 6y agoGold has two things going for it: there's a baseline of "real" value underpinning it (not just industrial use, but lots of fast-growing Asian countries relying on it for dowries etc), and historically gold holds up quite well when everything else is doing badly. However, it's also fundamentally unproductive (no dividends, no real capital growth), so it's going to be a losing bet most of the time.