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  • Writer's pictureIshfaaq Peerally

Is Gold the Best Investment Right Now

Gold prices are up by more than 20% since August 2018. Is it time to buy gold?

Why is gold up? Gold feeds on pessimism and there has been a lot of pessimism lately. 1. FED raising interest rates 2. Trade war/Brexit 3. Government shutdown 4. Uncertainty in the stock market 5. Possible market crash and recession in 2020 6. The rest of the world not doing great

Is gold a good hedge? Hedging is for idiots. If you invest in a great business, you should not worry about the market price of the business. What matters are the fundamentals.

Trade gold for the short term if you can but as a hedge is is a bad idea.

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