I'm not sure who was selling "GOLD" as an "inflation hedge".... but I sure do remember EVERYONE on the TV saying that "you should have it in your portfolio as an inflation hedge". REALLY???
So it's gone from 1800 down to under 1200..... That sounds like DEFLATION to me. OUCH.
See -- the problem with that kind of investing is that the only way it goes UP -- is if someone is willing to pay more than you did. That's a grand idea that usually winds up not working out real well. We were all supposed to have a chunk of gold in our safe somewhere in case the world went to hell.... Hey! Good luck with that kind of thinking. When the world goes to hell... (it won't)... you'll have far larger problems to deal with. I just don't want to live my life worrying about something that isn't going to happen. Oh yeah - It makes good talk. But it isn't going to happen.
Personally -- I'd rather have $1800 of something that's going to be $2000 over time even if no one else wants to pay me 1801. The dividend will still buy me stuff.
I think all the "gold bugs" moved on to BitCoin. We'll see how that turns out. I'd rather put a down payment on a house or a duplex -- which might not seem as interesting - but I'm guessing in the long run will serve my purpose better.
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