Avoid Gold. Stay with cash right now.

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Mar 30, 2020
6:32:25pm

rockyrd All-American

Avoid Gold. Stay with cash right now.

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rockyrd

Bio page: rockyrd
Joined: Nov 14, 2006
Last login: May 4, 2024
Total posts: 5,661 (4 FO)

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Messages

Author

Time

Best hedge against inflation? Any of you guys own gold? Should I keep my nest

3/30/20 5:56pm

Cadbury Eggs

Food Snob

3/30/20 5:57pm

They are making my waistline inflate.

El Careeb

3/30/20 5:58pm

True?

TNT

3/30/20 6:34pm

Gold will pop up, especially as QE-printed money floods the market

ebv

3/30/20 5:59pm

Any platforms or services you suggest?

3/30/20 6:02pm

Buy Granite Trust (BAR); any brokerage will let you buy it.

ebv

3/30/20 6:04pm

High quality farm land.

3/30/20 6:00pm

SCHO and BSV have performed well through this crisis for me

Heath Squashwell

3/30/20 6:01pm

Inflation usually means equities go higher. Cash would be the worst in that

cougarfann888

3/30/20 6:05pm

Yeah I get that with cash, also I see equities as a long term play.

3/30/20 6:10pm

Look at GOLD, Barrick Gold

RC Vikings

3/30/20 6:27pm

Gold has been a horrible long term investment

3/30/20 6:29pm

This is the answer ^^

memento

3/30/20 6:50pm

This is true. Look to equities for long term returns. Companies with low debt

ebv

3/30/20 7:28pm

Avoid Gold. Stay with cash right now.

rockyrd

3/30/20 6:32pm

Cash is the worst thing as a hedge against inflation.

cougarfann888

3/30/20 6:39pm

Hmm, we might see inflation down the road, but bond yields are historically low,

3/30/20 6:44pm

I agree with everything you said. But op obviously had a different opinion and

cougarfann888

3/30/20 6:57pm

Yeah I get your point

3/30/20 9:20pm

Agreed. Anything but cash. A huge mortgage is a great option. Invest the

Megamind

3/30/20 9:54pm

Gold declined with the rest of the market in 2008.

Incentivize

3/31/20 9:06am

Gold is more of a luxury good than a commodity. It has few industrial uses.

Megamind

3/31/20 10:05pm

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