I want to buy GOLD. What do you think?

[EuChangeLTD]

I want to diversify my portfolio and invest 10-15% of my funds into GOLD.

What do you think? Is it too early? Too late, or the right moment?

[yxsaad]

I think GOLD price is pretty good at the moment. As long as it is below $2,000 it should be a decent buy opportunity, right? What do you think?

[trishachif]

I think investing your money in gold will always be a relevant investment regardless of the state of the market, prices, and so on. Anyway, in 10 years, all your investments in gold and silver will pay off, and you will get a lot more money. I am now also learning more and more about investing in precious metals because I think it is a good idea as the first investment project. So I guess if you want to invest in gold, you should do so. You have no chance that you will lose all the money, like in the stock market, for example.

[Peter]

On 9/26/2022 at 7:10 PM, EuChangeLTD said:

I want to diversify my portfolio and invest 10-15% of my funds into GOLD.

What do you think? Is it too early? Too late, or the right moment?

For people like me who - for some reason - have proven to have no feeling for timing 😀 the so-called Dollar cost averaging strategy is the best
 

Quote

 

Dollar cost averaging is the practice of investing a fixed dollar amount on a regular basis, regardless of the share price. It's a good way to develop a disciplined investing habit, be more efficient in how you invest and potentially lower your stress level—as well as your costs.

 

www.schwab.com