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Gold is one of the few areas which should do very well.
by david927 4y ago
Gold is one of the few areas which should do very well.
- King-Aaron 4y agoHonestly even though it fluctuates, Iron Ore is also an industry that is always pretty recession resistant so long as you're not a low level grunt
- anonuser123456 4y agoGold has likely lost its place as a store of value. Its value came as a somewhat rare, status consumption good. But today, gold is much less important as a status consumption good. As India modernizes its banking/financial industry I expect to see gold prices fall with a glut of supply.
- ls15 4y ago> Gold has likely lost its place as a store of value. So what is its replacement as a store of value that is broadly trusted?
- anonuser123456 4y agoStocks, bonds, real-estate etc. Total world gold is like 10T$ vs total world assets of 450T$ ish. What would you rather hold? A claim on future returns from a factory making chips or a shiny metal with minimal industrial use that certain primates horde? The horders can only supply then economy with a shiny metal. The chip factory can supply it with chips that run cars, trains, financial systems, street lights etc.