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evillz
Aug 8, 2019 3:45 PM

Time to invest in Gold? Long

GOLD (US$/OZ)TVC

Description

GOLD only made 8% since 2011. Now, it is at 6-year highs. It has broken out of the channel. When the markets dipped in Oct-Dec 2018, gold had a negative correlation, circled on the Correlation Coefficient indicator. Should you be investing in it? Do you think the stock market is headed for a big correction? Is crypto your only investment?
Comments
Entellusinvestments

20 year return on GOLD, vs Nasdaq, S&P, DOW,
Entellusinvestments
Gold isn't a "investment" as it does not "grow" in my opinion, but it is fantastic form of "currency" Look at Golds Return over a long time frame, 20 plus years and you begin to see its value. Short term you are better off in other areas.
Entellusinvestments
Also if you plan to buy Gold, do so before a crises, not during. @Entellusinvestments,
evillz
@Entellusinvestments, The trend is your friend. Thx for your comment.
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