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Getbig Main Boards => Gossip & Opinions => Topic started by: gib on August 07, 2019, 06:33:25 AM
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Discuss.
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Discuss.
Go mug a 90s rapper and you are set for life
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LOL. Truely though. Gold and bitcoin are both poised to hugely rally in the coming next few years.
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Millennials bought leveraged gold ETFs after Trump was elected and got hammered: NYSE trader
Yahoo Finance Video • December 19, 2016
Bloomberg reports they piled into gold ETFs, some with leverage, after the election, expecting Trump to trigger a risk-selloff. The opposite occurred and gold has dropped nearly 15% from the election-night high.
http://finance.yahoo.com/video/millennials-bought-leveraged-gold-etfs-183454148.html
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Go mug a 90s rapper and you are set for life
(http://www.getbig.com/boards/index.php?action=dlattach;topic=656179.0;attach=777621;image)
Always entertaining to see a Pirate and a King at the same time
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Discuss.
Potential instability in the financial markets always makes the gold-bugs jumpy.
Gold is considered a hedge against inflation and safe haven in turbulent times.
It's a poor investment for growth however.
It's expensive to store if you have a lot. You also have to consider the possibility of being robbed.
Never tell anyone you keep gold on hand!
Some people buy stock in gold mining companies, or in funds that invest in actual gold as a hedge against inflation. Won't help you in an end times scenario though. For that you need physical possession of real gold like bars, coins, jewelry.
Here's an article from 2011. Gold was over $1,700/oz (eventually went over $2,000). Now it's $1,500? Does that sound like a good investment?
https://abcnews.go.com/Business/selling-gold-scams-beware-tips/story?id=14309128
Historical gold price: https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart
Note the price exceeding $2,000 during the past financial meltdown, a time of great uncertainty in the financial markets.