4 ms·
Gold is a scam. It’s an awful inflation hedge. Success in the market as far as selling it to retail is more a demonstration at how successful certain elements
by Spooky23 3y ago
Gold is a scam. It’s an awful inflation hedge.
Success in the market as far as selling it to retail is more a demonstration at how successful certain elements in society have been peddling fear.
- demondemidi 3y agoTotally. It is 100x oversold on paper. There’s a short squeeze coming. It has nothing to due with the intrinsic value of gold and everything to do with four decades of hype convincing American rubes to buy it.
- kortilla 3y agoNo it’s not, that 100x includes cash settled derivatives.
- tim333 3y agoDunno. For a scam it's been held by an awful lot of central banks, for many decades, who you might think would figure these things out. Re inflation it has historically been good at being fairly constant in value in real terms which is not usually what you actually want in an investment - you want them to go up. Here's the famous graph from Stocks for the Long Run with the 200 year track record https://occaminvesting.co.uk/wp-content/uploads/2021/01/Stocks-for-the-long-run-v2.jpg https://occaminvesting.co.uk/wp-content/uploads/2021/01/Stoc... That shows stocks as the best, though for a reasonably enterprising private investor rental property probably wins.