25 Apr 2023 9:41 am
Xavier_Onassis » 25 Apr 2023, 8:40 am » wrote: ↑ So, your gold is **** compared to what a good company is worth. If you want to discuss two Russian metals that are actually quite valuable, then you should have chosen Palladium and Rhodium instead of Gold.
There is zero chance that an investment in gold will ever be worthless. Gold cannot declare bankruptcy, as any company could. On the other hand, investing in Apple for the present is likely to be a better investment than gold. On advice from my newsletter, I have invested in gold mining stocks, as well as in mutual funds investing in Apple, and gold has only once been a really good investment. Way back when I bought a South African Gold fund three weeks before Mandela was released, and sold it shortly after he was elected president.
On other occasions, gold has never resulted in a gain of over 5% annually.
Check out Palladium and Rhodium: they are not as great as you think. Physically owning Palladium and Rhodium ingots would be a nuisance, just like owning gold ingots and coins, because of commissions to buy and sell these.
Gold is not the investment it is the trade unit that tends to hold its value. Golden artwork a win-win deal.
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