The price of gold tends to go up during bad times and down during good times, so I think that industry is essentially just profiting off people’s fears, and buying now (when it’s price is going up) is a bad long term plan
If one believes the stock market will crash soon and gold price will decline less than other assets, then it still might make sense to buy gold, but I’m not smart enough to time the market like that.
The price of gold tends to go up during bad times and down during good times, so I think that industry is essentially just profiting off people’s fears, and buying now (when it’s price is going up) is a bad long term plan
If one believes the stock market will crash soon and gold price will decline less than other assets, then it still might make sense to buy gold, but I’m not smart enough to time the market like that.