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Post by SA Hunter on Oct 7, 2018 18:05:31 GMT 10
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paranoia
Senior Member
Posts: 1,098
Likes: 1,252
Email: para@ausprep.org
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Post by paranoia on Oct 7, 2018 22:53:09 GMT 10
While there are some good points raised in the article... I take huge issue with the sub heading - "FORGET property or shares. If you want to invest in what the rich people are investing in, you should be buying gold. Lots of it."
One should never 'run to buy gold', nor should you ever buy 'lots of it'.
At the risk of repeating myself - Physical gold is not an investment, it's insurance. Just as you wouldn't take all your money out of the bank and take out a huge insurance policy, you shouldn't pull capital from growth assets and put it into insurance assets such as PMs.
I do believe there is going to be a large correction at some point but you can always find someone claiming it will be 'tomorrow' and if you listened to them all you'd have no assets to protect.
Never buy gold in fear and never buy beyond your level of understanding.
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