this post was submitted on 05 Oct 2023
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[–] [email protected] 2 points 1 year ago

Its advantage, strictly speaking, is that it is not correlated very much with stocks, bonds, real estate and other things people owe.

Not that the bot made a mistake, but this is wrong...

Gold drops like a rock when markets take a shit. It usually bounces back quickly -- often before stocks recover, giving you a chance to buy cheap on the dip, and sell at a profit three months later, and pick up some of the stocks that haven't recovered yet... But it VERY MUCH moves in sync with the market during times of crisis.