As you may have figured out, this group leans heavily toward low cost index funds, not precious metals or bitcoin. Gold does not generate compound interest.I've been copy trading Michael Burry's portfolio for the past couple months and it's been interesting to say the least. But I’m up roughly $13k (32% YTD).
Because of him, I'm now got over $3k invested in Gold (through $PHYS) and own a significant amount of two Chinese stocks lol. I've never owned gold before and none of my friends own it.
We've primarily only bought BTC over the last couple years. Figured this would be a place to ask but does anyone else own gold (especially as fund/trust) and should I sell it? I trust Burry but is he just outdated?
Here's a link to an image of my current holdings based on his portfolio: https://i.ibb.co/F7T0HxB/image.png
. But I think it's perfectly fine to hold a small % of your portfolio in physical gold. You can buy 1 oz gold eagle, gold maple leaf, or a PAMP 1 oz gold bar. Put it somewhere safe. The purpose of having it is for emergencies. Today most people own securities electronically and many don't even receive paper statements. Who has stock certs? If your bank or online brokerage system go down, that gold bar (and physical cash) will at least tide you over until they bring the system back online.
Statistics: Posted by momopi — Mon May 20, 2024 12:26 am