🎁See the Power of Gold ATH Headlines: Did You Invested in Gold ETFs or Physical Gold？
See the power of ATH headlines.
In times of economic uncertainty or market volatility, investors may turn to both gold and Bitcoin as safe-haven investments. The physical nature of gold and its centuries-long history as a store of value make it an attractive option for some investors, while the digital nature of Bitcoin and its potential for high returns make it an attractive option for others.
“Yes, gold corrected on Monday after a silly spike, but I'm very confident we'll see higher highs in 2024 and beyond” -Lobo Tiggre@duediligenceguy, speculator, analyst, author of independent due diligence reports.
Image
Cited from Eric Yeung @KingKong9888 on X platform. It is reported that Chinese retail only used 3% of their physical GOLD buying power.
According to @caseylolsen, Gold Trader. Technical Analyst, gold performs well in times of directional uncertainty *in all other markets*. During periods of money printing, gold prices rise temporarily until the market shifts to risk-on assets, and then sells off. However, the gold price has been suppressed for 40 years.
Image
Does your family have experience of buying or investing in physical gold? What are the main methods?
Do you expect the price of gold to reach new highs in 2024?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
The physical nature of gold and its centuries-long history as a store of value make it an attractive option for some investors, while the digital nature of Bitcoin and its potential for high returns make it an attractive option for others.
ATH topic, GOLD!!!! Gold is considered to be a good store of value. A store of value is an asset that maintains its value, rather than depreciates. If you look at how the price of gold has changed over the past 20 years, you will see it has increased consistently.
Right from the historical ages, gold has always been a precious metal. It is unaffected by the volatilities and fluctuations that plague the global financial markets.
This is why it is considered to be a store of value, a much better one than cash. If you keep your money in gold, you can rest assured it will not be affected by exchange rate changes or other downturns.
For myself and family, we did purchased some physical gold but more keen towards digital gold nowadays. Digital gold is ideal for investment purposes. Here, you essentially buy it online, and it gets deposited into your account. But you don't get to touch it or see it. You just know that it is there. This option is highly liquid and can be converted into cash at any time. You can buy digital gold from several apps and websites. Digital gold, however, is not regulated in many countries, and therefore, carries an additional risk element.
How do you think? Come and share your opinion guys [Cool] [Cool] [Cool]
@TigerStars @CaptainTiger @MillionaireTiger @Tiger_chat @Tiger_comments @TigerEvents @TigerSG @TigerClub
Almost scared to insert myself into Gold Twitter today, but I find it notable that rolling 3-month flows into GLD look very different today than the last two times we were approaching the highs.