3 ms·
Just for the record (and not as a defense of crypto): using gold for protecting your money from inflation is completely nonsensical, too.
by ManuelKiessling 4y ago
Just for the record (and not as a defense of crypto): using gold for protecting your money from inflation is completely nonsensical, too.
- georgeecollins 4y agoCan you teach me about this, like with a link or something? I have known wealthy people who for generations kept a portfolio like 60% equities, 35% cash and very liquid things like bonds, ~3-5% gold, usually in the form of equities that track gold. I am not saying that is good.. I don't know. Tell me why it is bad. Thank you.
- ManuelKiessling 4y agoWell, for one, I might be wrong: https://ideas.repec.org/a/spr/empeco/v60y2021i3d10.1007_s00181-019-01807-0.html https://ideas.repec.org/a/spr/empeco/v60y2021i3d10.1007_s001... However, I don’t get how holding gold – which doesn’t generate dividends and therefore cannot benefit from compound interest – could be a good long term invest, compared to, say, an accumulating ETF. No financial advice.