Gold a good way to diversify portfolio
Is gold a good buy or bye? Which tickers are worth watching/ holding?
The graphic below uses data from Macrotrends to highlight gold’s price movements during recessions and compares it to changes in the S&P 500.
Invest in gold is a safe haven during time of uncertainty like war, pandemic or recession as it's not affected by interest rate and currency depreciation. However there's still volatility risk and authenticity risk when you're holding physical gold (Gold bullion, coin and jewelry).
Today there are many more ways to invest in gold, just to name a few:
Gold Futures
Gold ETFs
The graphic below uses data from Macrotrends to highlight gold’s price movements during recessions and compares it to changes in the S&P 500.
Invest in gold is a safe haven during time of uncertainty like war, pandemic or recession as it's not affected by interest rate and currency depreciation. However there's still volatility risk and authenticity risk when you're holding physical gold (Gold bullion, coin and jewelry).
Today there are many more ways to invest in gold, just to name a few:
Gold Futures
Gold ETFs
$SPDR Gold ETF(GLD.US$ , $Ishares Inc Msci Global Gold Miners Etf(RING.US$
Gold Mutual Funds
$FRANKLIN RESPONSIBLY SOURCED GOLD ETF(FGLD.US$
Personally I think the above can help to diversify your portfolio and reduce your loss during a recession. I have invested in Gold ETF and mutual fund.
Gold Mutual Funds
$FRANKLIN RESPONSIBLY SOURCED GOLD ETF(FGLD.US$
Personally I think the above can help to diversify your portfolio and reduce your loss during a recession. I have invested in Gold ETF and mutual fund.
But I beg the different when it comes to BTC $Bitcoin(BTC.CC$ which some claimed it's like Gold due to its scarcity. The main difference between Gold and cryptocurrency is the latter is not regulated and can be subjected to exchanger collapsed or 'bank run' or fraud. Do your own due diligent before you invest.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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The Great Humungus : Physical gold and silver is always a good investment
RAStoks_Tradesman : how can i invest in rhodium?
103949970 RAStoks_Tradesman: The investment itself is right, but you need to find the right direction
ZnWCOP RAStoks_Tradesman: Rhodium is a rare metal but doesn't mean it is a good investment like Gold, Silver or Platinum. I don't invest in comodity like Rhodium.