Speaking of gold and silver. People always say gold/silver is the go-to investment. Gold/silver is currently at a lower price than it was in 2010 and 2012. Imagine buying a 10 year investment in 2012 and in 2021 it's at a lower price and hasn't gotten higher. Over ten years! Gold is not a good investment. A good investment is something that pays off after ten years or less. Not something like gold that goes lower over ten years and still isn't close to being higher.
Anyone telling you to buy gold and silver is a snake oil salesman.
I know dogecoin is a meme coin and I never tell people to buy meme coins but I will tell you this: Compare dogecoin's price years ago and it's price now and tell me it wouldn't have been a good investment to make based on the numbers. Compare it to gold which has done nothing and gone DOWN over a ten year plus period and still isn't doing anything. You would've been better off buying dogecoin.
BTW: If you don't know how to look up gold-silver sector index go to https://www.tradingview.com/chart/ and put in the ticker XAU and choose the Nasdaq in the symbol search top left (second button). The button will default with "AAPL" for apple. Click that button and type XAU and click the 2nd one in the list which is the Nasdaq. Now change the time period to monthly. Click the "D" next to where you just searched. Change it to month. Now look at 2012 performance of gold-silver.
The PHLX Gold/Silver Sector Index (XAU) is a capitalization-weighted index composed of companies involved in the gold or silver mining industry.
Sometimes gold and silver can be good investments, but timing matters. And timing isn't hard with them. Spot price doesn't matter. I sold silver for well abive spot earlier this year.
And now that it's cheap again, now's a good time to buy... if you already have crypto anyway
[ + ] toobaditworks
[ - ] toobaditworks 0 points 3.6 yearsSep 25, 2021 15:30:39 ago (+0/-0)*
Anyone telling you to buy gold and silver is a snake oil salesman.
I know dogecoin is a meme coin and I never tell people to buy meme coins but I will tell you this: Compare dogecoin's price years ago and it's price now and tell me it wouldn't have been a good investment to make based on the numbers. Compare it to gold which has done nothing and gone DOWN over a ten year plus period and still isn't doing anything. You would've been better off buying dogecoin.
BTW: If you don't know how to look up gold-silver sector index go to https://www.tradingview.com/chart/ and put in the ticker XAU and choose the Nasdaq in the symbol search top left (second button). The button will default with "AAPL" for apple. Click that button and type XAU and click the 2nd one in the list which is the Nasdaq. Now change the time period to monthly. Click the "D" next to where you just searched. Change it to month. Now look at 2012 performance of gold-silver.
The PHLX Gold/Silver Sector Index (XAU) is a capitalization-weighted index composed of companies involved in the gold or silver mining industry.
[ + ] NeoNazirite
[ - ] NeoNazirite 1 point 3.6 yearsSep 25, 2021 16:19:26 ago (+1/-0)*
And now that it's cheap again, now's a good time to buy... if you already have crypto anyway
[ + ] Deleted
[ - ] deleted 0 points 3.6 yearsSep 25, 2021 16:35:07 ago (+0/-0)
[ + ] NeoNazirite
[ - ] NeoNazirite 1 point 3.6 yearsSep 25, 2021 19:54:05 ago (+1/-0)