Vil wrote: ↑Tue Aug 29, 2023 1:22 amIndeed, gold is crap. Haven't met my expectations.
However, given that I am posting to gyroscopic and not windmill investing, have to give a credit to the folks on which shoulders I have stepped and admit I am keeping the course. My US PP is not changed since I started in 2019 (just rebalanced), and its a good portion of my savings/investments.
Well, my EU GB/PP got slaughtered even worse by changing the AA meanwhile. Its performance is abysmal also due to the fact inflation is much higher in EU and the rates did not hike accordingly. In Bulgaria for example you can get 4-5% only by investing in P2P lending - well, prime-class clients, but still there is a risk premia.
Half joke, half truth - IMHO there are 2 ways to cope with high inflation - a) have a business that forwards the inflation effects to its direct customers (and as very common practice exaggerate that effect for even more profit), and b) write financial books on how to beat the inflation...
Having said that, I am fed up reading FI books, given my performance I haven't fully understood the ones I have read and chances are very thin that I will ever understand them. Actually, last book I read on financial topics was the one written by BelangP and with a light sense of irony - I guess his portfolio is not doing extremely well those days .....
Vil, I keep reading about the slow but significant dedollarization coming to the world.
I wonder if that will change things for gold.