Gold As An Investment 2020

The precious metal started the year at us 1 286 per ounce and ended it at 1 525 about an 18 5 gain in a 12 month span.

Gold as an investment 2020. Ask the ladies in your family to sell gold and see their wrath. Gold as an investment is made for times like these published. There s still a lot of. The gold and silver charts should suggest whether gold is a better investment than silver going into 2020.

As said many times analyzing the precious metals space always starts with the gold trend. In case of an emergency in india demonetization corona lock down midnight hospitalization etc your family can sell t. As an investment gold has none of the virtues i admire like innovation and dynamism and many of the vices i despise including the rent seeking mind set typical of extractive industries. Investing in gold or rather speculating is based only on the conviction that in future years people will buy gold for a higher price than right now.

Dalio and mobius urge investment in gold cash is trash ray dalio founder of bridgewater associates the world s largest hedge fund firm said back in january. Gold was one of the highest performing investments in 2019. Gold as an investment has generated inferior long term returns when compared to stocks. The daily gold chart is the one we start with.

For example in the first quarter of 2020 wheaton precious metals paid just 426 an ounce for gold 4 50 an ounce for silver and 402 per ounce of palladium. Historically no day is a bad day for buying gold. May 5 2020 at 2 56 p m. One investment idea for 2020.