With economic uncertainty looming, I’m considering allocating a significant portion of my savings towards gold as a safe haven asset. Is it wise to put the bulk of my investment portfolio and net worth into physical gold bullion or gold ETFs/mining stocks? What are the potential risks or downsides of going so heavily into gold compared to a more diversified approach?
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I believe that if you do not have a goal to earn money, but simply to save it from inflation, because gold is perfect for this, then it is worth investing money, but definitely not all your savings. Gold is not a stable asset and it doesn't always grow, so you can see declines in your assets. I thinRead more
I believe that if you do not have a goal to earn money, but simply to save it from inflation, because gold is perfect for this, then it is worth investing money, but definitely not all your savings. Gold is not a stable asset and it doesn’t always grow, so you can see declines in your assets. I think 50 percent of the funds can be invested, and the rest is better distributed in other metals and shares, because it will be much more reliable that way
See lessIt is better to save in gold rather than in cash. Fiat money loses value when there is inflation and recession, like wise returns on your saving is not much. Gold has higher returns compared to cash. and if you have gold, you can immediately convert it into cash, whenever you need, either by sellingRead more
It is better to save in gold rather than in cash. Fiat money loses value when there is inflation and recession, like wise returns on your saving is not much. Gold has higher returns compared to cash. and if you have gold, you can immediately convert it into cash, whenever you need, either by selling it or getting a gold loan.But you need to keep your gold in banks for safety because it can be easily stolen if you have in your house.
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