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 ...Read more
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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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 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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