World's ultra-wealthy go for gold amid stimulus bonanza (Reuters, not pumper site)

carew4me

https://www.reuters.com/article/us-health-coronavirus-gold-wealth-analys/worlds-ultra-wealthy-go-for-gold-amid-stimulus-bonanza-idUSKBN23P253

"ZURICH/LONDON (Reuters) - As stock markets roar back from the coronavirus-led rout, advisers to the world’s wealthy are urging them to hold more gold, questioning the strength of the rally and the long-term impact of global central banks’ cash splurge. "

tincup

Makes sense to me. Having gold is a wise diversification move IMO, especially as an 'insurance' type holding.

derryb

They are now a "pumper" site. lol

ricko

For long term stackers, this is just another warning of what 'could' happen....Moving right along... Cheers, RickO

blitzdude

@derryb said:
They are now a "pumper" site. lol

29K posts about gold and silver going to the moon, comex imploding blah blah blah. I wouldn't call Reuters a pumper site but you certainly are.

derryb

@blitzdude said:

@derryb said:
They are now a "pumper" site. lol

29K posts about gold and silver going to the moon, comex imploding blah blah blah. I wouldn't call Reuters a pumper site but you certainly are.

And we know why YOU visit the forum. First you were jealous of my stack, then my trades and now my post count? LOL. Guess I shouldn't post any pics of my beautiful spouse.

blitzdude

@derryb said:

@blitzdude said:

@derryb said:
They are now a "pumper" site. lol

29K posts about gold and silver going to the moon, comex imploding blah blah blah. I wouldn't call Reuters a pumper site but you certainly are.

And we know why YOU visit the forum. First you were jealous of my stack, then my trades and now my post count? LOL. Guess I shouldn't post any pics of my beautiful spouse.

You certainly are a legend in your own mind. You and your $27/oz monster boxes of eagles. Stack on. lol

fivecents

@carew4me said:
https://www.reuters.com/article/us-health-coronavirus-gold-wealth-analys/worlds-ultra-wealthy-go-for-gold-amid-stimulus-bonanza-idUSKBN23P253

"ZURICH/LONDON (Reuters) - As stock markets roar back from the coronavirus-led rout, advisers to the world’s wealthy are urging them to hold more gold, questioning the strength of the rally and the long-term impact of global central banks’ cash splurge. "

roadrunner

@ricko said:
For long term stackers, this is just another warning of what 'could' happen....Moving right along... Cheers, RickO

What about long term "stackers" in the stock market. There's an 8-15 yr 'correction' coming as a result of the rally from 1998-2020+. So another "warning" of what "could" happen.

jmski52

There's an 8-15 yr 'correction' coming as a result of the rally from 1998-2020+. So another "warning" of what "could" happen.

The question is how long can they put off the inevitable. Apparently, for quite awhile.

However - the fact is that - MMT (money creation to pay for every ill-conceived spending program) has never worked in the past - anywhere in the world throughout history), so there's no reasonable expectation that it will work this time either.

TwoSides2aCoin

Well I'm not ultra wealthy. Possibly caused from buying gold instead of stocks all these years. But it's easier trading gold than paper.