...in carnage, this thrives, almost always.
...AUD Gold is in IMHO the best asset class to hold without fear for the very long term (10-20 years). BUT physical/Gold ETF not Gold stocks.
5 year view and All time view
XAUAUD Charts and Quotes — TradingView1. No need to worry over equity markets
2. No need to worry about stock selection
3. No real need to be too concerned over timing of entry (as long as you don't trade, and which you should never trade)
4. Just Buy to Hold and Never Sell. Accumulate on Weakness. Buy in Force on Market Crash
No newsletter to subscribe, no HC forums to follow, just DYOR and see for yourself the track record of AUD Gold (Gold in Australian Dollars)
552% in 20 years or average return of 27.6% pa!
Gold Price in Australian Dollar (AUD) - Live Price and Historical Chart | GoldBroker.comIf we can get US$5000 on Gold over next 3 years, at AUD/USD of say 75c, that equates to A$6,666/oz, a potential gain of $,2867/oz over current roughly A$3800 or 75% return over 3 years (25%pa).
If AUD Gold could deliver an average of 27.6% pa over the past 20 years, what is to say it is improbable for it to repeat that feat over the coming 10 years, given Where We're At with the economy, debt and geopolitics?
Nothing is EVER a sure bet, so proper and sensible capital allocation makes reasonable sense.
BORING is BEST!
