If you are hearing it now you are likely too late. You should have been in gold six months ago.
My read is Trump has exhausted all support he has and has been told to walk his recent economic policies back or he will be out in a few months. Either on his back or by a concerted campaign to oust him by our elites.
Of course it’s Trump so he’ll just find some other part of our government or culture to fuck with in order to direct the next news cycle for the next two weeks. My bet is deportations or Canada of the liberals win.
But he’s likely done breaking the economy and will sign agreements with countries that look just like they did before the market lost Trillions in value. He will likely loose big time with China. Xi can hold out far longer than he can.
Beware the gold bugs but depending on who you ask 5, 10 or up to 15% of your portfolio can be in gold to diversify your portfolio. Key is to pick a percentage and rebalance on a set schedule. I will likely be selling on my next rebalance since equities are low and gold is high. Freaking out is not advised.
For people not familiar with this, hodl and rebalance (neither early nor late) goes for the non-crisis investments too. The beauty of it is that, inevitably, one of your things is going to preform poorly, and you’re guaranteed to buy the dip when that happens. Panic selling is death, it makes you do the opposite.
Oh that’s what’s freaking them out?
Should I invest my entire 401k in gold?
Edit: Maybe just buy gold bars and bury them in my back yard.
Invest in gold when times are stable, only enough to winter through times of uncertainty.
Now is the time to sell gold.
I bought stocks in times of uncertainty and am now 6% total portfolio in profit after 1 month.
Always split the cache up. Some behind a fireplace suspended from a rope anchored in your attic. Some behind baseboard that isn’t nailed down. Some in the toilet tank. Don’t waste it all on the backyard.
Remember, If you hide it in your toilet tank, it’ll help you save water per flush as well!
Yep you should definitely bury it in your garden. I can help digging!
Does that make you a gold digger?
Goldman Sachs (GS) has hiked its year-end forecast for gold to $3,700, citing trade turmoil and spiking volatility. Other firms and banks have followed suit.
That’s all? I’m not analyst or investor, so a few kilos of salt with what I’m about to say: I’m guessing 4000-4200.
