If you're in the EU, you might wanna secure some exposure to Gold with Euros...💰
There is now a strong trend in all timeframes here, and downside risk is very small, I think you could easily hold something like 20-25% in Gold as a hedge and be safe.💹
Upside potential to 2344 Euros per Ounce is massive vs the downside risk under 1739 per ounce.
As for instrument selection, you could use an ETF that holds futures or physical bullion for convenience, or own some physical gold yourself (but not as liquid and harder to get in and out from in size)📊
Best of luck if you take the trade!🤝
Cheers,
Ivan Labrie.
There is now a strong trend in all timeframes here, and downside risk is very small, I think you could easily hold something like 20-25% in Gold as a hedge and be safe.💹
Upside potential to 2344 Euros per Ounce is massive vs the downside risk under 1739 per ounce.
As for instrument selection, you could use an ETF that holds futures or physical bullion for convenience, or own some physical gold yourself (but not as liquid and harder to get in and out from in size)📊
Best of luck if you take the trade!🤝
Cheers,
Ivan Labrie.