Is it just me, or is anyone else concerned about gold’s recent climb?
I know rising gold often signals economic uncertainty, but it’s not just gold—silver is climbing too. Does this mean we’re looking at an upcoming downturn? I’m heavily invested right now, but seeing gold go up like this is making me uneasy.
When investors see gold rising, they tend to buy more out of fear, which just pushes the price higher.
Anyone else seeing this as a reason to be cautious? Would love to hear your thoughts.
Oh man, is the market about to take a dive?
It’s stressing me out!
Afton said:
Oh man, is the market about to take a dive?
It’s stressing me out!
PLEASE let it drop for once! We younger folks want a chance to buy in!
Afton said:
Oh man, is the market about to take a dive?
It’s stressing me out!
PLEASE let it drop for once! We younger folks want a chance to buy in!
Rich people aren’t going to let stocks drop. Hate to say it, but maybe we should’ve been born in a different generation.
@Drew
Or we could just start investing now and ride it out. No need for a drop, just need to get in the game.
Afton said:
Oh man, is the market about to take a dive?
It’s stressing me out!
PLEASE let it drop for once! We younger folks want a chance to buy in!
You’ll be waiting forever. The market could go up another 50% before it finally drops.
I remember similar discussions when gold was hitting $1,000.
The rise in gold might have more to do with countries moving away from the dollar rather than just economic issues. Many central banks are buying up gold as they reduce their US dollar reserves.
Merritt said:
The rise in gold might have more to do with countries moving away from the dollar rather than just economic issues. Many central banks are buying up gold as they reduce their US dollar reserves.
True! Gold is a unique investment. It’s a hedge against inflation, not a quick growth asset. It’s steady but not going to soar fast. Personally, I’d rather put money in a high-yield savings account before buying gold. But maybe that’s just me, and I might be a bit tipsy!
Merritt said:
The rise in gold might have more to do with countries moving away from the dollar rather than just economic issues. Many central banks are buying up gold as they reduce their US dollar reserves.
Meanwhile, the US dollar is still strong.
People have been predicting downturns for ages. Imagine all the gains you’d have missed in the last 15 years if you’d stayed out. If you don’t need the cash short-term, maybe just set it and forget it?
@Kai
Last 15 years were amazing for the markets. But the next 15 years? Could be a whole different story. 
Tate said:
@Kai
Last 15 years were amazing for the markets. But the next 15 years? Could be a whole different story.
Could be.
Tate said:
@Kai
Last 15 years were amazing for the markets. But the next 15 years? Could be a whole different story.
Sorry to break it to you, but US stocks only go up!
Earlier this year, gold-related funds even beat the S&P 500. Economists are getting worried about a possible recession. I only have a small portion in gold as a hedge, but it’s been interesting watching those prices rise on certain days.
@Hayden
Maybe you’re seeing everything through rose-colored glasses? Just kidding since you mentioned ‘rose’ twice!
Could be related to the upcoming presidential election or some key economic reports coming soon.
Gold isn’t a great investment for Americans. We have solid stocks and real estate, plus our Fed is more independent. But in other countries where currency and real estate are unstable, gold is a better choice. If I lived in a country like Russia or China, I’d probably buy gold too. Here, though, I’d stick to maxing out my 401k and IRA.
@Bright
Blue chip stocks might be at their peak, though, and could stall out soon. Diversifying with global demand assets like gold could pay off in the long run if the tech giants hit a plateau.
@Bright
China isn’t a ‘banana republic.’ They’re actually the biggest exporter in the world.