I think the bull case for precious metals still exists at least for this year given the fact that Fed Rate cuts are still a probability, the Trump regime is still there and the geopolitical situation is the same. Recent sell off could be a healthy correction.
#GOLD#Silver
I think in order to track prices, fed rate cut cycle can be a good indicator of where it will top. Nevertheless one cannot escape the law of regression to mean and the gold will average out 9-10% return pa in future.
Gold is soaring past $5100 per ounce!!
I expected it to cool down around $3500 per ounce but the geopolitical situation is aiding the rally. I think the rally will continue until the geopolitical situation remains like this.
@UPSCLifepedia True.. it's better to focus on career..
we only read success stories.. but lakhs of those who lose really go through a lot.. after years of preparation if you don't clear, you will see your friends doing well in career while you will be fresher without any scope of employment
Nothing is risk free. Not even gold. As past returns are very high, moderate your future return expectations on gold. Some interesting insights in this article.
@MalarMathar Historically gold has given return around 9-10% per year.. regression to Mean will most probably happen. There were also years when gold didn't gave returns for many years.. so in my opinion it's better to stay away till price cools down