Gold, a hedge against inflation
Nothing more
You see advertising and YouTube videos about gold promising immense returns. And if you don’t look deep into things you would think it is a real money maker, Gold.
But in reality it really isn’t a money maker, gold is just a hedge against inflation. If you buy gold you don’t lose any money because of inflation but in the last 100 years you would not have made any money.
You could buy exactly the same in 1924 with gold compared with what you can buy with it now…
In my opinion the stock market is a better option to make money!
Sincerely,
Pele23
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Right, Gold keeps the baseline value more or less in tact, a bit like a savings account. No growth, just stability.