Exploring the Pros and Cons of Investing in Gold

[dustyrivergardens]

Hey everyone,

I've been considering diversifying my investment portfolio and have been researching the idea of investing in gold. I've heard mixed opinions about it, so I wanted to reach out to this community for some insights.

On one hand, gold is often seen as a safe haven during economic downturns and can provide a hedge against inflation. However, I've also read that its value can be quite volatile and that it doesn't generate any income like stocks or bonds.

I'd love to hear from those who have experience with investing in gold. What are your thoughts on its pros and cons? Any tips or advice for someone considering this investment avenue?

 

[dustyrivergardens]

Hey everyone,

I've been considering diversifying my investment portfolio and have been researching the idea of investing in gold. I've heard mixed opinions about it, so I wanted to reach out to this community for some insights.

On one hand, gold is often seen as a safe haven during economic downturns and can provide a hedge against inflation. However, I've also read that its value can be quite volatile and that it doesn't generate any income like stocks or bonds.

I'd love to hear from those who have experience with investing in gold on this comparison. What are your thoughts on its pros and cons? Any tips or advice for someone considering this investment avenue?

Looking forward to your responses! thanks in advance

 

[Markit]

How and why would a robot invest in anything

 

[Foamcrest]

I used to trade gold futures….lost my arse.
Markit you’re into a bit of diversity..your wife has diversified to home for Galungan..no doubt staff have POd as well and you may not recoup all your losses?
It’s a great question for a site about Bali …oh and French food.

 

[Shadrach]

I used to trade gold futures….lost my arse.
Markit you’re into a bit of diversity..your wife has diversified to home for Galungan..no doubt staff have POd as well and you may not recoup all your losses?
It’s a great question for a site about Bali …oh and French food.

I also lost my ass over the stock market! I was a fool and listened to my mother in law who at the time was making big bucks, so when I inherited some money I went to Morgan Stanley and sat with a broker and blindly invested in what she recommended. I knew nothing about market value and even invested some of the money into what I thought was an investment for my retirement. It also was base on current market value, and I couldn't touch it for at least five years! I watch as it rose a little, dropped more, then rose a little to keep baiting me to leave it in. I saw it was going to continue this pattern of up a little then down more until I realized I was going to lose all my money. I went to take it out and they said Oh! I should leave it in and eventually it will go back up! I told them I don't want to wait ten years and lose it all. I lost over thirty percent of the money I invested! So now I wouldn't invest in anything with the dream of making more money from investing. Like they said Gold is very volatile, the stock market is designed for the broker to make profit, not you! Maybe that's why their called a broker! Better stick to food French and Thai sound delicious! I'm not impressed with food from Bali. They seem to eat the same thing everyday! Boring! No coconut milk soups, or curries, no guacamole, ceviche, things baked in a oven, just a mountain of white GMO rice daily! It's no wonder so many people here, have diabetes!

 

[Markit]

I don't even know where to start with this life devouring rant...

 

[Foamcrest]

It’s all part of the circle of life as to how we/they/him arrived in Bali.

 

[AuroraB]

Not to be captain obvious but diversify (different stocks and type of markets like energy / pharma/ tech / travel) and use accounts with online brokers where buying/selling is 100% under own control.

Buying shares of reputable gold miners takes advantage of leverage (simple example: gold price up 5%, share price up 20% and visa versa!) and shares also can provide income via dividend.

Obviously need to do an investment analysis first to ensure a entry point when shares are "cheap" with low P/E and robust margin to service debt for lower gold prices. That said shares for some large miners are not reflecting that Gold is at all time high now.

https://nai500.com/blog/2024/02/min...and-lagging-gold-mining-stocks-unprecedented/

Disclaimer: This is not an investing advice just an observation.

 

[pantaiema]

Hey everyone,

I've been considering diversifying my investment portfolio and have been researching the idea of investing in gold. I've heard mixed opinions about it, so I wanted to reach out to this community for some insights.

On one hand, gold is often seen as a safe haven during economic downturns and can provide a hedge against inflation. However, I've also read that its value can be quite volatile and that it doesn't generate any income like stocks or bonds.

I'd love to hear from those who have experience with investing in gold. What are your thoughts on its pros and cons? Any tips or advice for someone considering this investment avenue?

Gold is widely recognized as a valuable hedge against inflation. However, with inflation rates currently on the decline, it may be considered late to initiate such investments. Nevertheless, allocating a small portion of one's portfolio to gold can still serve as a asset diversification strategy.
A prudent approach involves educating oneself through reputable sources such as Investopedia, CNBC, Bloomberg, Reuters, etc. Additionally, insights from accomplished investors like Warren Buffet, Peter Lynch, and Ray Dalio can offer valuable perspectives. Ray Dalio particularly advocates for asset diversification.
Referencing articles like those found on Investopedia
https://www.investopedia.com/articles/investing/081315/9-top-assets-protection-against-inflation.asp
https://www.investopedia.com/articles/economics/09/why-gold-matters.asp

It's important to note that this is not an investment advice. Conduct your own research (DYOR) and determine which investment style aligns best with your objectives.

 

[Markit]

The only possible use for gold is to have a few coins around in case of a dire emergency. It serves no other purpose except a small amount in electronic but other than that it's pointless and useless. Try buying an escape boat with your certificates.

 

[dustyrivergardens]

I also lost my ass over the stock market! I was a fool and listened to my mother in law who at the time was making big bucks, so when I inherited some money I went to Morgan Stanley and sat with a broker and blindly invested in what she recommended. I knew nothing about market value and even invested some of the money into what I thought was an investment for my retirement. It also was base on current market value, and I couldn't touch it for at least five years! I watch as it rose a little, dropped more, then rose a little to keep baiting me to leave it in. I saw it was going to continue this pattern of up a little then down more until I realized I was going to lose all my money. I went to take it out and they said Oh! I should leave it in and eventually it will go back up! I told them I don't want to wait ten years and lose it all. I lost over thirty percent of the money I invested! So now I wouldn't invest in anything with the dream of making more money from investing. Like they said Gold is very volatile, the stock market is designed for the broker to make profit, not you! Maybe that's why their called a broker! Better stick to food French and Thai sound delicious! I'm not impressed with food from Bali. They seem to eat the same thing everyday! Boring! No coconut milk soups, or curries, no guacamole, ceviche, things baked in a oven, just a mountain of white GMO rice daily! It's no wonder so many people here https://www.moneycontrol.com/news/brand-connect/the-5-best-gold-ira-companies-reviewed-11885391.html, have diabetes!

thank you so much for your suggestion

 

[pantaiema]

I also lost my ass over the stock market!. I saw it was going to continue this pattern of up a little then down more until I realized I was going to lose all my money. I went to take it out and they said Oh! I should leave it in and eventually it will go back up! I told them I don't want to wait ten years and lose it all. I lost over thirty percent of the money I invested! So now I wouldn't invest in anything with the dream of making more money from investing.

What someone beliefs in something is his own thing. But this is just to provide a balance view as the forum is also read by other people. If you're sceptical about investing, take a glance at the performance charts of the renowned S&P 500 index fund. For those uninterested in managing investments actively, do not want to learn, simply throw your money blindly into that index for the money you do not need in the next ten years (say) and forget. It is almost guaranteed your hard earned cash will grow. The concept of compounding plays a crucial role here. It is so amazing, as even people who are very literate in Math such as Albert Einstein described it as the eighth wonder of the world, Also do not forget, for some people it could be a way to reduce their income tax. You don't need a hedge fund as everyone could do it.



Another example: investing US$1,000 in Amazon ten years ago prior to March 12, 2024) would be worth $9,279 in March 2024; It is a gain of 827.9%.
https://247wallst.com/investing/202...-10-years-ago-heres-how-much-youd-have-today/

Keep your money in a savings or current account will almost certain losing value due to inflation, leading to a gradual erosion of your purchasing power over time.

 

[YachtRock]

Looks pretty good to me for long term investment. Numbers don't lie. Sorry for those who were day trading gold and got destroyed by short term volatility or didn't have the patience to wait it out.

 

[Markit]

View attachment 4091
Looks pretty good to me for long term investment. Numbers don't lie. Sorry for those who were day trading gold and got destroyed by short term volatility or didn't have the patience to wait it out.

Is there any way to actually buy or sell gold in Bali? I mean real gold bars or coins, not this figurative/pretend shite.

 

[YachtRock]

Is there any way to actually buy or sell gold in Bali? I mean real gold bars or coins, not this figurative/pretend shite.

I mean real gold bars, I doubt that but there are many shops selling gold by the weight in Denpasar. You can resell the gold at the market price if you have the original receipt. Jl. Hasanuddin, also known as the Gold Market area, has many shops selling precious metals.

 

[fiesta]

Hey everyone,

I've been considering diversifying my investment portfolio and have been researching the idea of investing in gold. I've heard mixed opinions about it, so I wanted to reach out to this community for some insights.

On one hand, gold is often seen as a safe haven during economic downturns and can provide a hedge against inflation. However, I've also read that its value can be quite volatile and that it doesn't generate any income like stocks or bonds.

I'd love to hear from those who have experience with investing in gold. What are your thoughts on its pros and cons? Any tips or advice for someone considering this investment avenue?

Gold from hartford gold ira is a smart choice for diversification to be true, especially in uncertain times. While it doesn’t generate income, its role as a hedge against inflation and economic instability is invaluable.

 

[Markit]

do you know anywhere on the island where man can sell or buy gold?

Gold is a smart choice for diversification to be true, especially in uncertain times. While it doesn’t generate income, its role as a hedge against inflation and economic instability is invaluable.