4plexowner – in mid-May, gold dropped quite a bit. Was M-3 suddenly not important anymore? I am glad I didn’t buy gold then. According to Zeal, gold is still overvalued today.
Did you know that speculators accounted for the gold bull run, increasing the global value of gold by $847 billion in just 34 trading days? Wow, at that rate, “it would soon suck up all the capital on the planet like a financial black hole.” Zeal expects gold to fall unde its 200dma before this correction has run its course.
Thus, buying gold is very risky, because you can lose lots of money. What if I had believed the people on this forum to buy gold because it’s a store of value?
I would have lost 30% of this supposed value.
I am still not comfortable with gold. It is as volatile as any stock out there.
You say the dollar will lose value, but it is not volatile like gold. Perhaps some day that will change. But I do not like roller coasters.
