hi guys
look, I know asking for "investment advice" on HC has historically been a bad move for me, so im not asking for investment advice per say, I just want everyones opinion, by that I mean the gold BULLS opinion on weather I should just keep buying gold, im not say exactly how many ounces I own, but I will say im 70% gold 25% cash and 5% gold stocks and other property stocks that are paying a decent divvy.
With basically nothing left to invest in besides term deposits yielding 1.5% at best, and shares even property stocks that are trading on a reasonable PE ratio and paying a 5% yield could collapse any day if the FED says NO MORE QE, interest rates would rise, the market would collapse, property shares would fall terribly, is there anything else to invest in at the moment that's worth it?
Even gold I will admit looks very "toppy" here at AUD$2350, I know it could get to $3,000 $5,000+ but anything could happen, even during the great gold bull run of the late 1970's gold dropped 50%...
What would you guys do?
(as I see it buying gold at AUD$2350, the DOWNSIDE is $300 at worst, I cant see it dropping below AUD$2,000, but the UPSIDE is $3000+) I know some of you guys will suggest silver, but doing research shows me silver actually drops about 10% during a market crash, which we are way overdue for, I will buy silver when it sells off during any big market correction.
So again, what do you guys suggest? just keeping buying gold at ANY PRICE here? or stack cash and be ready when markets crash?
or buy cheap property stocks that are paying a decent divvy? or term deposits that are 1.5% at best but tie your money up,
thanks guys, all opinions wanted.
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