RE: Mail on Sunday: Goldman Sachs is telling investors to buy gold to protect their money from soaring i3 Feb 2022 17:31
Mr T- all experts, get paid and are as wrong as they are right. Sometimes I think "new" experts make bold statements and if they are right everyone thinks "genius" and follows and they make money, until they are wrong... for some publicists it's well worth the gamble and better than saying nothing lol.
So many predicted market crashes since 2016- when in fact US indices doubled- sure at some point, they will be right, but will forget to mention all the times they were wrong and even if a crash is correct, they forget to mention that people would still have made more money if they hadn't listened, despite a crash... long term equities make (if balanced) and so does gold- just both can have sizeable lengthy dips alas.
This chart is an interesting one someone posted on another forum, which goes someway to explaining why we've not seen a gold surge on the past year or so inflation worries and realisation https://www.cnbc.com/2021/06/08/gold-as-an-inflation-hedge-history-suggests-otherwise.html