written by reader Gold

by siff | February 2, 2016 4:40 pm

Hey,

My question is : Is it now or soon, we should think about investing in gold?
Katerina

Source URL: https://sgumdev.stockgumshoe.com/2016/02/microblog-gold-3/


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Travis Johnson, Stock Gumshoe
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I don’t think of buying gold as “investing” — I do do some speculating in miners and related stocks, since they’re levered to gold, but I don’t buy gold because I think I can sell it soon for a higher price, I buy it as a currency hedge against dollar-based savings more than anything else.

And whether it goes up or down over the next year I don’t know — that probably depends more on what global currencies are doing than anything else.

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Patricia
6 years ago
Reply to  siff

Siff, I realized I commented here only in terms of owning physical gold when you’re asking about miners, and I don’t mind making a specific recommendation (something Travis has to refrain from), so please see this comment I just made on this thread re: SGDJ:

http://www.sgumdev.stockgumshoe.com/2015/11/microblog-thoughts-from-myron-buyable-dip-as-the-market-roller-coaster-ride-continues/

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Patricia
6 years ago

Hear, hear! Anyone who studies financial history and comes to a very different conclusion about gold than Travis’s is a victim of incorrect thinking. It’s a form of savings or insurance – not an investment.

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