Physical gold lacks liquidity. I have about $30k in gold left in my portfolio. I very recently sold $15k of the gold etf to take some profit. Remember that gold doesn't create anything, unlike stocks and bonds. So in the long run, it will always underperform. So I should only serve as a small hedge in your portfolio, never a big part of any long term strategy.
@@xiphoid2011 you are correct but this is exactly what buying and selling bits of paper is designed for, making money out of nothing. If the fund folds, there won’t be enough gold to distribute to the holders of the ETF. Holding physical gold is for wealth preservation, not trading or income.
There is no real "minimum" investment amount for physical gold - you can invest a few hundred dollars - it's just that premiums become very high for smaller bars and coins.
If egg doubles in price and gold didn’t yet, it means is still cheap…. Go ahead and buy it….also it might be all time high now but 10 years from now will be cheap when u look back….gold is for long term….. if u want quick cash buy eggs and sell it next year….😊
We are still very early and nobody knows about gold yet. And owning a gold etf has the risk of you getting scammed because a paper that says gold and the metal gold is not really the same thing.
😂 My family has been collecting gold since 1495! We have never been disappointed. We use paper to write on. We have no other kind of promises, such as electricity-dependent storage or rebirth payouts.😊
@@arnomeyer6769 true. It was sky high at 58.000euro per kilo. I jumped on board with a investment of 63.000 euro. And now the prices are close to 80.000 per kilo.
Gold price keep hitting high, is it a good time to buy ? Well, that depend. If you have bought U.S. treasury bonds, it's wise to dump them once they are mature and use the money to buy gold because the treasury bonds may worth nothing if the U.S. default in their 35 trillion dollar national debt payment.
With gold, if you can’t hold it, you don’t own it. ETFs sound alright but at the end of the day, it’s just a piece of paper
Physical gold lacks liquidity. I have about $30k in gold left in my portfolio. I very recently sold $15k of the gold etf to take some profit. Remember that gold doesn't create anything, unlike stocks and bonds. So in the long run, it will always underperform. So I should only serve as a small hedge in your portfolio, never a big part of any long term strategy.
@@xiphoid2011 you are correct but this is exactly what buying and selling bits of paper is designed for, making money out of nothing. If the fund folds, there won’t be enough gold to distribute to the holders of the ETF. Holding physical gold is for wealth preservation, not trading or income.
There is no real "minimum" investment amount for physical gold - you can invest a few hundred dollars - it's just that premiums become very high for smaller bars and coins.
i bought a few grams in 2018.
it doubled the price now at least.
i bought for when shtf.
When you see media and even hawker centres folks are talking about buying gold, it is time to sell.
They are baiting idiots into buying paper gold lol
If you are going to sell, sell it at a premium (if you own physical)
Gold is $2745 and media talking about nvidia,bitcoin,tesla,netflix etc.
Meaning it can go so much higher..
If egg doubles in price and gold didn’t yet, it means is still cheap…. Go ahead and buy it….also it might be all time high now but 10 years from now will be cheap when u look back….gold is for long term….. if u want quick cash buy eggs and sell it next year….😊
Thanks for having us on the show to share our thoughts on gold
We are still very early and nobody knows about gold yet.
And owning a gold etf has the risk of you getting scammed because a paper that says gold and the metal gold is not really the same thing.
😂 My family has been collecting gold since 1495! We have never been disappointed. We use paper to write on. We have no other kind of promises, such as electricity-dependent storage or rebirth payouts.😊
1495?
@@wolfyklip Ja so steht es auf dem Familien Wappen, „verarmter Adel „
Last year Chinese central banks were buying gold. This year Russian central banks are buying silver. Do what the banks do.
The news media has been engaged to advise you to join FOMO just when the bubble will burst like always. Late to the party.
Sad that ordinary folks are buying now😢
😅it work for someone, telling people to buy high
What kind of stocks can I for my kids to let it sit for years? Index or ETF?
Thank you!
Investing 😂 i just dig it up
I would never buy Gold ETF
For bitcoin, the exchange will eat all your money because of bankruptcy
why are you not holding the bitcoin in your wallet?
Buying anything at record highs is a recipe for disaster. Why buy anything at the highest price and not when it's cheap and at discount?
It's meant for those who missed gold at low prices.
Yeah generally, that's easier said than done - better to have more time in than trying to time the market
But what if you don’t buy and the prices sky rocket? Gold prices keeps growing so just buy if it drops keep it till it grows again.
@@arnomeyer6769 true. It was sky high at 58.000euro per kilo. I jumped on board with a investment of 63.000 euro. And now the prices are close to 80.000 per kilo.
Because it might not come back down again... Like bitcoin
Gold price keep hitting high, is it a good time to buy ?
Well, that depend. If you have bought U.S. treasury bonds, it's wise to dump them once they are mature and use the money to buy gold because the treasury bonds may worth nothing if the U.S. default in their 35 trillion dollar national debt payment.
According to the Philippine's Central Bank, it's a good time to sell. We sold a lot of gold this year.
It depends on what you paid for that gold when you got it, was it at 800 or 1200 or 1900? and how much? 5 ounces or 100 ounces or 1000 ounces?
Gold ETF lol
❤
I switch my gold to Btc already 😂
nob
Hahahaha......so you change a physical precious metal for bits of data. That's a pretty 'cool' exchange i must say
@@andytai7773 don't be so polite, just call him a nob
Imagine this scenario..
1 BRICS coin = 1gm of Gold
100 Dollar= 1 Banana
😅possibly, but may 30years later.
everyone has Dollar, don't want it to change/decline too fast
It didn’t hit record high, the highest bullion price was 374+ per gram if not mistaken
It definitely hit all time high this year brother 😂
bitcoin lah boss gold hard to exchage for food
“Gold is the poor man’s Bitcoin”
No its not, wait for that in 20-40 years then tell me that.
@@wolfyklip ha! Wait till next month! 😅
@@LisaCulton Central banks bought 5x Bitcoins entire market cap in Gold this year alone. Bitcoin is the poor mans Gold lol
@@Restorection92 I don't have any Bitcoin.
lol, he feels shame of himself to say about US/China conflict…china is the one who drove gold price skyrocketed in 2024 😂