$SPDR Gold ETF (GLD.US)$ [Share Link: Gold Prices and U.S. D...
i held gld from 170-around today's price after silicone valley bank crashed a few years ago. this chart shows corelation between usd and gold. I wish I'd held longer but i went all in on sp500 exposure instead. they definitely inverse from each other. it's risky because these rate things are supposed to be meant to raise the value of usd would if successful should drop gold but cutting rates too soon cause more inflation. it's so complicated.. so many things to take into consideration. that's why I don't even mess with it or commodities in general and just stick to stocks gold is supposed to be like a few percent of portfolio but on a small account why bother can just go all in on a few blue chips. you could buy the dip abd watch it take off what if gold just sits there or lowers as the market flies after correction you miss out etc
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment