XSO 0.13% 3,138.7 s&p/asx small ordinaries

Thanks. :) Some 15 years ago at work, I heard from one of the...

  1. rvm
    992 Posts.
    Thanks. Some 15 years ago at work, I heard from one of the office ladies(Asian background), she had been saving part of her salary and converting it to physical gold. Pretty clever! Knew an accountant that bought old Russian gold coins that also have numismatic value. I think physical gold is different game altogether and there are some very good time tested strategies. Gold has its issues with inflation, its relation to USD and it's illiquid and it's sitting idle..... If people recognize these problems and buy gold as part of a portfolio, I think it's a good investment. In any case, I think gold is a long-term game and it can be very rewarding(just like everything else over the long-term). With equities I like companies that deliver real value to the economy and not just price inflation - if they can produce gold, silver or whatever I am happy. Not keen on investing in something because I think the price of the commodity will go up. Good luck with your investments mate
    Last edited by rvm: 11/08/16
 
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