Gold

Discussion in 'Stock Market Today' started by JinaKool, Mar 24, 2021.

  1. JinaKool

    JinaKool New Member

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    Gold appears to remain a safe-haven, and last traded just for about $1,800. what's your thought about this?
     
  2. StockJock-e

    StockJock-e Brew Master
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  3. spindr0

    spindr0 Active Member

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    Many recommend that gold is a safe haven and should be owned during a recession. For the past four recessions:

    - In 1990, it lost about 10% of its value.

    - In 2000, it did nothing.

    - In 2008 it dropped 30% from its peak price before recovering and ending up 4% for the year.

    - In March of 2020 it dropped about 13%.

    Not quite as safe as you'd like it to be, eh?
     
  4. TH Analysis

    TH Analysis New Member

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    There is more than one way to get exposure to the precious metals though. Futures, Gold Miners, ETF's, Royalty and Streaming.
    Personally, I prefer the Royalty stocks as they are not exposed to the Capex or other costs once the Royalty is in place. But A Sprott ETF would be my next best goto. When the Bond market really does collapse, I'd be looking at the Gold Miners with the Royalty companies.
     

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