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Gold

Discussion in 'Personal Finance' started by wallmann, Feb 3, 2019.

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  1. wallmann

    wallmann Registered Partner

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    Since about August of 18), gold has been inching higher.

    Gold is wealth preservation and insurance against a rotten financial system, inflated by $100s of trillions of credit and printed money as well as quadrillions of dollars of derivatives. If you understand the bubble that this has created in all asset and debt markets, you will also understand that gold is your best protection against the coming implosion of all these markets.

    Our group is keeping 20% of our holdings in gold and Monday morning we will put out our next play.
     
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  3. Dora_WalletInvestor

    Dora_WalletInvestor Registered

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    It is great for wealth preservation. 20% of wealth in gold sounds like a great idea. I personally wouldn't necessarily go any higher though, I'm afraid it would make a portfolio less diverse.

    However, in all fairness I'm not sure I understand 'the bubble that this has created in all asset and debt markets' - can you maybe elaborate or link me to some information?

    Edit: I've just noticed this is a really old post. Sorry. Will leave it here just in case.

     

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