Is now the time to invest in gold?
It’s no surprise I am interested in four letter .com domains. Compared to three letter .com domains, they are like the silver (trading mostly in low hundreds). The three letter .com domains would then be like the gold, trading in low to mid five figures.
So that got me thinking, how does real gold work? Why some of greatest financial minds advise investing in gold? Last year I read Tony Robbins, Money: Master the Game where Ray Dalio shared his formula for accumulating wealth, known as the all seasons strategy.
Among other things, gold was in his portfolio and he also explained how 50% stocks and 50% bonds isn’t necessarily the right asset allocation. Why? Because history has shown that stocks handle 95% of the risk and bonds only 5%. So the percentages should be different, and there should be some gold in there. Why? I’ll give you sneak peak on one of my takeaways, since the US Dollar is off the gold standard, price of gold per ounce went up 3000% since 1971.
Anyway, I thought to myself… Gold, that sounds easy, it’s a simple chemical element. Hence James Rickards, The New Case for Gold and my 5 takeaways after listening to this audiobook.
As for the recording itself, I was in Crikvenica and my microphone died after barely few months and 10 videos… I recorded this video without the microphone, what can I say, show must go on.