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They’re Selling The Gold!
They're selling gold.
Or at least they were.
Sun-colored metal headed into Friday down two weeks i
Your readers should hold off buying gold until after the bubble pops. After a false market rebound everything goes much lower. Gold drops at least 30%. That will be the best time to buy. Trust Dalio.
I could not bring myself to invest in gold but instead bought gold mining company stocks. I think blockchain/crypto company stocks are a mirror image play. Don’t gamble in Vegas, buy the casinos.
When I backtest portfolios over multiple decades that include annual rebalancing, the results almost always show substantially reduced volatility when gold is one of the asset classes. That is the one and only reason that I maintain a position in gold. If I could find another asset class with the same characteristics, I’d readily switch.