[USER]

Is there anything risky with putting a 7-figure amount in gold for one year, since it’s trending at atleast 30% yoy growth?

I would take out the initial investment, looking at gold as a way to grow money fast

[Robert]

Unless you have some sort of crystal ball, that’s telling you that gold will keep trending at 30% year over your growth… There’s no way I would put seven figures in the gold.

If you were me, I would take that entire seven figure amount, dump it into a fund that mimics the S&P 500, and forget about it for the next 30 to 35 to 40 years, depending upon your age.

[Edward]

Nothing risky with not diversifying. Go for it and let us know what happens.

[Henry]

I invested in a gold etf in February it has been 1 step back 2 step forward but has seen positive.

I was expecting it to be better so slow steady growth if that’s what you want.

[Scott]

If the 7 figures is 10% of your networth, it’s not risky at all. If you need your current 7 figure value 1 year from now, it’s extremely risky.

Just do a money market fund.

[Angelo]

How does someone get to the point of investing a 7 figure sum without even the most basic understanding of how investing works?

[David]

The answer is yes, it’s risky. You have no idea of what gold will do in the next 12 month.

Gold should not be thought of as a git rich quick scheme

[Martin]

I use the gold to sp500 ratio to see what is overvalued. From these comments you can see not many people are buying gold so there’s still lots of buyers left.

I wouldn’t buy gold or anything not fixed income for a short time horizon.

[Farre]

Depends on your total assets. If it’s <20% and diversifies what you have, probably okay, as gold tends to be stable over time (might not grow a lot in the next year, though).

Probably better to dump it in A+ bonds right now.

[John]

FYI the only money I have made at all in shares is my pension which is a balanced mix like the s and p 500 ,any single companies I’ve bought never really did anything.

[Author]

Posts