No one prays for a crisis, but while gold hasn’t done much despite all of our talk about endless money printing, I thought *this* is going to be the crisis that sends it skyward. It did go up for a while during Covid and some part of the war, but not in the way I thought it would, and certainly not for long.
Markets have proved resiient, and we should be happy about that. Who doesn’t want prosperity? Although I don’t tinker, I have never fully embraced the pp, having an outsized Variable Portfolio (vp) full of equities and more recently, 6-month treasuries. (The latter, of course, could be called a pp component if I had enough gold and long bonds to match up with it). And an outsized vp is not that different from tinkering or simply having a different portfolio.
I’m not complaining about gold or the pp, and will continue to hold. Nor am I planning on shoving everything into Invidia stock either.
I’m just wondering:
— Maybe gold has done well vs some other currencies and just not the US dollar?
— Maybe a calamity is still coming and gold will have its chance (and we’ll all be very sorry
)— Maybe the pp is peforming as expected and I just haven’t looked at the numbers closely enough. (I don’t think so, though).
— Maybe I should be adding gold? (Well, rebalancing bands will take care of that).
I’m sure these ideas have been expressed here and there in other threads. Still, is anyone *happy* with gold? Or is it just like taking your medicine/ holding insurance?
At least I’m enjoying holding cash. I never thought I’d be excited about cash, but 5.4% (nominal) risk-free, short term — it’s very heartening.
