Gold price highest ever!

Admin

Forum Moderator
Staff member
Let me start this new forum with a fantatisc discovery.

The Gold price for 1oz has reached new heights 1512 EURO o_O

It's awesome and I didn't thought that this could happen that fast when I started investing small amounts in Gold.

gold-one-ounce-21-2-2020.jpg
 

burden

New member
I have made an 50K euro investment in June 2019 now it is way more.. one of the most secure and best investments I ever made!
 

xzars

Entrepreneur
Aside from the U.S. treasury bills, there's not much of AAA or AA with a relevant yield floating around.

Gold has no borrower default risk, and combined with its 0% yield, it's also a relatively high-yielding asset - as sad as it sounds.

+ Add the superior appreciation potential. With ease, 99% of AAA and AA bonds can be flushed down the toilet as irrelevant opportunities in the "conservative bets" segment.
 

maxmmm

Mentor Group Gold
Investment = acquiring something that produces cashflow.
Gold by definition doesn't produce cashflow but has negative cashflow (as you need to store it on your own dime) so it isn't really an investment, more like speculation.

Having said that, I do regret not buying Gold when it was cheaper :p
 

Admin

Forum Moderator
Staff member
I still see Gold as an long term investment dead:-! maybe I'm too stupid to understand it, but so far I'm fine with that ;)

Just check the Gold price per OZ right now, it is back to a low 1438 euro - hopefully no one bought some of it last week.
 

nomad999

Active Member
I still see Gold as an long term investment dead:-! maybe I'm too stupid to understand it, but so far I'm fine with that ;)

Just check the Gold price per OZ right now, it is back to a low 1438 euro - hopefully no one bought some of it last week.
It's all relative to others investment, overall anything that yields dividends over a long period of time is a bit more interesting and significantly more if you reinvest the dividend as the compounding effect over a decade or two is very significant. Only exception so far being bitcoin ;) but it's only 10 years old so ...

Now Gold as less risk I would say, it's not gonna go bankrupt anytime soon lol ;)

Btw the drop in gold last Friday is crazy, for a market cap that high going down that much is very rare. Doesn't bod well for the coming weeks for the overall economy ...
 
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