Quote:
Originally Posted by woj
yea, and watch it plummet as the economy recovers...  |
Thats the whole point of hedging against the downside. If the economy goes to crap, you gain and if the economy recovers, you gain. WIN WIN.
No-one is dumb enough to put everything in gold. Its usually something youd put 5% - 10% of your cash into if there was a serious risk of adverse conditions such as those we find ourselves in today.
Worth mentioning that October is Indian Wedding season when the gold price traditionally rallies by around 10% so theres some additional upside in the short term.