What do you think are the weakness of investing in gold?
- Thread starter astutimeliana723
- Start date
Well I do not see it as a weakness gold is not an investment today to give you many returns because it is an asset with a long trajectory in which its best moments have already passed, now it is a hedge against inflation and a refuge value that can serve to protect large fortunes rather than to expect great returns
that is why it is less risky when compared to cryptocurrency. Even someone who does not have a lot of knowledge can invest in gold and be able to make profit.
Investing in gold can be simple, but you should also look for good buying points, being an asset that gives certain results in the long term it would be appropriate to make a dollar cost average strategy on it (DCA)
Gold is one of the most secured investment because of its durability and stability. Gold doesn't fluctuates like crypto or forex .The best way to invest in gold is to buy it in high quantity so that little change in price can yield good profit.
Probably, I think people with little capital cannot even be able to make any reasonable amount of money with gold. It is only for people that have a whole lot of money because any little change in price will make them profitable.
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Good advice, anyone who is investing in financial markets should not buy because other people are doing so. It is important to have knowledge of it and find a very good entry point to enter.
Exactly, entering the market without a strategy or an action plan is like being a drifting ship aimlessly waiting to find land in sight where they can be saved, if you are going to enter to invest, think what you are going to do with caution.
Probably, I have even come across a few people online who are into cryptocurrency investment and they usually write a diary of their investment. I think having a diary will help you to stay on track.
Yes you're correct. Gold should be bought either to secure wealth over a long period of time or even generations. If one is buying for short term investment, it'll be unprofitable unless in large amount.
yes, you are right, gold has to be seen more as an investment as a hedge rather than an asset which you will expect to appreciate spectacularly, we must have to keep our feet on the ground.
