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Gold is up around 40% this year. Someone must warn you this was going to happen. That's not speculation. That's reality.
The run-up in gold doesn't speak well. When Bitcoin's up, all the other alternates, he called them dollar alternates.
Daniel Ek's philosophy on investing is aligned with understanding one's temperament and focusing on a few key assets rather than diversifying widely.
China is accumulating gold and may have more than the U.S., which hasn't had a public audit of its gold reserves. This raises questions about the quality of U.S. gold and the strategic moves of countries like China and Russia.
Investing in physical gold offers a private and secure way to protect wealth. Unlike digital assets, gold is a tangible asset that remains safe even if the banking system falters.
Warren Buffett is selling like crazy, and I'm investing in European and Latin American stocks as a hedge. The markets can stay irrational longer than you can stay solvent!
The bottom line is the run-up in gold is essentially an indictment against the U.S. because gold is sold. Also dollars.
Diversification has never been more important, especially considering that 40% of the S&P 500 is concentrated in just 10 stocks.