QUOTE(Iceman74 @ Jul 19 2024, 11:51 AM)
U guys buy gold for 1 reason.... profit, correct?
When u guys going to realise those profit?
U guys don't have the urge to sell at high and wait for it to go down even you guys know it will goes down eventually to more reasonable price?
Property I know how to re optimize the return if required
Share market also and in some way, crypto currency too
But for gold, the other option is silver only but it very similar movement.
So guys , u hold until give to grandchildren?
at this point my gold holding are insignificant comparing to others
i just don't see any way to increase it if i can't find a way or target to exit or re optimized
My investment objective is to grow my wealth. If an asset value is going up and up, there is no real reason to sell.
Later in life, say after my retirement, my investment objective could change. From growing wealth to say living a certain lifestyle. I will.probably be selling then.
In between, I do occasionally sell. I believe long term gold will go up, but its not on a straight line. As part of risk management, I set a percentage of my asset allocation into gold and if it goes way beyond that, I could trim my position back close to my original allocation. This could be viewed as "taking profits". There is possible opportunity lost here of course.
But I do this tinkering far less often for gold than say stocks.