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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (160487)	7/23/2020 4:46:58 PM
From: bull_dozer	2 Recommendations Recommended By Maple MAGA zamboz Read Replies (1) \| Respond to of 217869

Sentiment Speaks: If You Own Gold, Look Out Below Now, I have to be honest. I am quite disappointed at what I am reading publicly about gold. Many are still trying to sell you on the fact that gold is a hedge against market volatility. They suggest that you need to own gold to protect your portfolio when the stock market tanks. Well, in many past articles, I have outlined that history simply does not support this perspective. There have been many periods of time wherein gold has rallied alongside the market, such as 2002-2007, and there have been times when gold has tanked alongside the market, such as in 2008. In fact, with 2008 being the most deflationary period of time we have experienced since the Great Depression, how much protection did gold provide to you during the time you most needed it? Just look at how it has been mirroring the action seen in the stock market for 2020 if you are not yet convinced about the fallacy noted above. Now, I am not claiming that gold will or will not “protect” you during times of volatility. I am simply saying it is not as simple as so many claim it to be. Rather, those claims are completely intellectually dishonest and are not factually or historically accurate. Most often, those claims are intended to sell you something based upon fear. And, I personally think that praying upon investor’s fear in such a manner is quite despicable. seekingalpha.com and multiple invitations to sell his service... <G> Start Your FREE Trial