Russia's Finance Ministry will auction large rough diamonds from state reserves, seeking funds amid mounting war costs and following a record gold selloff.
I put everything I owned into a 2x gold ETF back in June 2024
I think the largest moving etf associated with gold was Jnug with a 3 year return at around 54%. If you’re okay with yoloing your entire portfolio into a volatile etf you could have put in the shipping etf Bwet and gotten a 97% return.
Gold ETF are crazy when it comes to volatility, JNug went from a market cap of $356 per share to $121 a share in the last 6 months…
While it may not be readily apparent to everyone, the U.S. is teetering on the brink of insolvency itself, and when it goes, the dollar will go with it and destroy it’s status as the world’s reserve currency.
This is the part of your plan that makes zero sense… Yes, market instability usually increases the price of physical gold. However people who believe in gold as a currency alternative typically buy actual gold, not an ETF. If the dollar crashes how are you going to turn your ETF into liquidity?
Ignoring the dozens of inherent flaws in gold as a currency alternative, how does your investment even protect you from the crisis you predict?
I think the largest moving etf associated with gold was Jnug with a 3 year return at around 54%. If you’re okay with yoloing your entire portfolio into a volatile etf you could have put in the shipping etf Bwet and gotten a 97% return.
Gold ETF are crazy when it comes to volatility, JNug went from a market cap of $356 per share to $121 a share in the last 6 months…
This is the part of your plan that makes zero sense… Yes, market instability usually increases the price of physical gold. However people who believe in gold as a currency alternative typically buy actual gold, not an ETF. If the dollar crashes how are you going to turn your ETF into liquidity?
Ignoring the dozens of inherent flaws in gold as a currency alternative, how does your investment even protect you from the crisis you predict?