I have never bought gold as gold incurs storage cost and of itself has no growth potential. It only rises during times of uncertainty due to demand as people rush to a secure asset. Now that gold has hit $3000, all the more I feel that the potential upside/benefit cannot outweigh the risks. I would prefer to stay away at this current value. I do think that gold still has a bit more upside with trump’s tariffs and the potential trade war, though I think it would only hit $3200 before retreating. I don’t think trump would be that foolish to engage in trade wars; the tariffs are just his strategies to get what he wants. Once that is clear, gold will retreat.
Gold & Silver Hover at Highs: Wait for Continued Break?
Gold and Silver Stocks Gain. Endeavour Silver up 9.5%; First Majestic Silver, Coeur Mining up 6%; Harmony Gold up 5%
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With global turmoil, is gold aiming beyond $3,500 this year?
If gold standard is back, would you store physical gold or not?
What's your target price for gold and silver?
Will silver has more upsider potential?
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Comments
r u buy on tonnes then you need to worry about storage or otherwise you can safely keep in you home