FYI, gold is stable right now, time to buy?

Yes, sure, but that was not the endpoints that were selected. The endpoints were February 24th and July 27th.

 

If you want to live in fear of a financial crisis, armed with gold and ammo, you go right ahead. If it ever gets to your scenario, you think gold will be worth anything? Who is going to be willing to trade you something of value, like food, fuel, or water for gold?

 

I have a diversified portfolio that is heavy in Gold gold and Ammunition.

 

Now do just about any of the top 25 stocks in the S&P500 and tell us how much they are up from their lowest price of 2020. I bet almost all of them are up between 45% and 75% from their 2020 lows.

I would venture to say you could pick any of the 100 stocks with largest market caps at their lowest price of 2020 and the gains would beat gold. Basically, a blind man could have bought almost any of the top 100 S&P500 stocks at their lows and done better than buying gold.

 

I agree. I have much more stock than gold.

 

Good to hear, but how does that statement coexist with this one?

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The last "crash" in the market was four months ago. It's almost fully recovered. In fact, I'm thriving.

It depends on the crisis. If the crisis is so bad that it gets down to gold, ammo, bags of rice, and bottled water, yes, gold will be worthless. When is the last time we had a crisis like? And the last time gold proved to save someone's economic life in such a crisis?