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Actual gold or ETF?
If actual would you have possession of any of it?I’d be curious to hear what others have done if they have gold in any form?
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as long as you see them coming early
I see the attraction of this view, especially at a time where nearly all asset classes appear expensive in comparative terms.
However, for me at least, the chances of spotting an emerging bubble, getting in on it, riding the euphoria phase for a chunk of time and then getting out with significant gains, seems unlikely and more so considering the limited time I have left to achieve this and then enjoy the benefits.
If I was 25, maybe I'd think differently.
Market timing doesn't work for the majority of people which equally means that it will work for some, and whether that's by luck or judgement probably doesn't really matter.
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Not sure if I am reading this correctly. Your retirement planning is based on timing a bubble on gold? Seems quite high risk if I understand it!
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GoatandTricycle
ChasnotRobert
t-v
@user116219
Back to investments and investing, my retirement planning is largely focused on waiting for a bubble as opposed to chasing bubbles that are already inflated and to that end I am mostly invested in gold and precious metal mining related funds and stocks (~50%) with some allocation to natural resource funds (~10%) and emerging markets (~10%) with remainder currently in cash. My hypothesis may or may not be rational or logical but is based on an expectation that historical cycles tying in with the significant debt issues facing developed countries does lead to a general currency crisis impacting trust in conventional investments and driving money into gold. Will not see good returns if I am wrong but happy to give it until the end of the decade to find out. Recognise that I have been negative on crypto vehicles which are to an extent supported by a similar mindset but I do feel that gold has more of a proven and enduring track record than crypto in such conditions (acknowledging it has had several thousand years in which to generate that track record, which crypto has not) and is less likely than BTC to become displaced by a new paradigm or to be subject to a loss of trust. Nothing wrong with bubbles from investment perspective as long as you see them coming early, get in early, recognise it for what it is, and have an exit strategy that is not over-ridden by emotions or suspension of disbelief around the likelihood of it continuing up and up (which is what I perceive to be happening in crypto at the moment)