1nvest wrote:£1 invested in stock accumulation at the start of 1972 would have been £180 value at the end of 2019 [etc]…
…Can TA improve upon just simple yearly rebalancing, which after all is a 'trading plan', albeit the most simplest? I suspect not as both stocks and gold prices are volatile and often surprise.
I agree, Invest. But then it never occurred to me in 1972 to buy gold (which I couldn’t afford) and carry out such a strategy. I’m talking about my reality. At an advanced age I take an interest in gold (and silver) as some time ago recorded on TMF and see no harm in devoting a small part of my modest investments to the very occasional deal.
Adamski wrote:Jonetc15 wrote:On 21 December 2018 Gold was $1259. It’s currently (27 July) $1940. The p&f chart raises the question when the price will take a breather/consolidate
My guess is the gold price will only fall once stocks take off again. I think the rebound was because feel good due to beating the first wave, plus growth in big tech doing the heavy lifting, compounded (in my opinion) by mega hyped up stocks like Tesla and Shopify
I think stocks will go sideways and only get bullish again when there is a workable vaccine and everyone who wants has been vaccinated (end of the year?) or Covid miraculously almost-disappears like Swine flu (herd immunity?). That could be some time, hence party time for gold right now.
Interesting, Adamski, that you think that it’s right to hold gold and presumably too soon to think about taking a profit.