Gold appears to remain a safe-haven, and last traded just for about $1,800. what's your thought about this?
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?
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.
I think you made a good move and I plan on making a similar move when I get investing funds available. I believe Gold is a smart hold. I support buying actual, physical Gold over buying Gold Company stocks or investing in a Gold ETF's
