slazer2au comments on Gold hits new record

Gold hits new record (www.cnbc.com)

submitted 10 months ago by Pulsar@lemmy.world to c/investing@lemmy.world

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Isn't a increase in gold price a signal that dollar reserve status is dwindling? What can I do to protect myself?

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[–] slazer2au@lemmy.world 2 points 10 months ago (3 children)

Don't put everything in one asset class. Spread the risk across assets from bonds, efts, term savers, etc.

Also remember that gold is used heavily in computers so it also jumps when part shortages arise.

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[–] ryannathans@aussie.zone 2 points 10 months ago (2 children)

That doesn't necessarily help if they are all exposed or in the same currency

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[–] ProbablyBaysean@lemmy.ca 2 points 10 months ago

Well, then you are asking the right questions. If your expenses are in a certain currency, then expose yourself to revenue in that currency until your risk becomes neutral, then diversify the rest

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[–] IronBird@lemmy.world 1 point 9 months ago*

all you can do in a crash is avoid shit with debt, trust in your DD, and hold on for the ride. everything is exposed to USD and the people running things right now are doing everything they can to collapse the dollar.

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