ANSWER: Yes I own gold myself. Gold is like
fire insurance. It is the HEDGE against government – not inflation.
If you have bought gold expecting to make money short-term, then you have
wasted a lot of time. Trade the trend. What is wrong with selling gold at the
high and buying at the low? I just do not get that. As an insurance, yes I only
buy common date US $20s. No bullion in bars etc. That is the “just in case”
hedge. It is NOT an “investment” It is plan B. Trading
gold back and forth I prefer the “paper” gold thank you. Liquidity is king.
These are entirely different things. What I object to is feeding people
nonsense who then put everything they own into gold and then lose the farm.
That is totally bad advice and uncalled for. I do not care what the investment
is. You NEVER advise people to buy anything and
don’t worry just hold forever no matter what. That is bad advice for stocks,
bonds, or gold.
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