Re:Predicting Next Recession
by xiphias2 on Saturday November 23, 2019 @03:02PM
(#21616158)
You’re right, I’m in the gold / silver / Bitcoin believer minority, I don’t see any other safe place for my money long term, as I believe that those are the only things that can’t be manipulated easily long term.
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Gold is a leveraged bet on negative yielding bonds these days: https://www.youtube.com/watch?v=lYNCpWo7Ucg
It is "manipulated" to the same extent as anything else.
As cash is too easy to print, I would still prefer to look at gold/SNP500 ratio, gold/house price or other gold/stock ratios (even though you're right about the correlation between gold price and inverse bond yields).
Of course as technology is getting faster and creating more value, and people are moving to cities, it's hard to get a correct valuation, but still gold seems undervalued compared to these other asset classes.