28
submitted 1 year ago by grte@lemmy.ca to c/canada@lemmy.ca
you are viewing a single comment's thread
view the rest of the comments
[-] TemporaryBoyfriend@lemmy.ca 2 points 1 year ago

Its advantage, strictly speaking, is that it is not correlated very much with stocks, bonds, real estate and other things people owe.

Not that the bot made a mistake, but this is wrong...

Gold drops like a rock when markets take a shit. It usually bounces back quickly -- often before stocks recover, giving you a chance to buy cheap on the dip, and sell at a profit three months later, and pick up some of the stocks that haven't recovered yet... But it VERY MUCH moves in sync with the market during times of crisis.

this post was submitted on 05 Oct 2023
28 points (88.9% liked)

Canada

7241 readers
122 users here now

What's going on Canada?



Related Communities


๐Ÿ Meta


๐Ÿ—บ๏ธ Provinces / Territories


๐Ÿ™๏ธ Cities / Local Communities

Sorted alphabetically by city name.


๐Ÿ’ SportsHockey

Football (NFL): incomplete

Football (CFL): incomplete

Baseball

Basketball

Soccer


๐Ÿ’ป Schools / Universities

Sorted by province, then by total full-time enrolment.


๐Ÿ’ต Finance, Shopping, Sales


๐Ÿ—ฃ๏ธ Politics


๐Ÿ Social / Culture


Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca


founded 4 years ago
MODERATORS