MaDLabbit
10-29

$ETFS Physical Gold(GOLD.AU)$ $SPDR Gold Shares(GLD)$  I'm continue to be bullish on gold. While now it is having a pull back, it is good time to look for support before adding some considering rebalancing of portfolio. I think gold is ideal to be 10% of total portfolio. I think it is not for making money but as a safety asset just in case some bad things happen like war break out or hyperinflation. In addition it works well as a store of value. The other 90% of portfolio can grow, this 10% just like insurance. Buy and forget, if needed can keep adding to 10%.

25bps Rate Cut! Will Market Fresh New Highs Ahead of China–US Summit?
The Federal Reserve cut interest rates by 25 basis points as expected and announced the end of quantitative tightening (QT). Powell stated that a rate cut in December is by no means a done deal. Trump tweets that "a great trip" in Asia. This week, the US stock market hit new highs with Nvidia offering super boost. Meanwhile, gold also rebounds back to $4000. ---------- Will the market rally together with gold? Is gold bull market back and pullback ending? What's your view at this point?
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Comments

  • snugglo
    10-29
    snugglo
    Great insights! Gold truly is a safety net! [Heart]
  • Athena Spenser
    10-29
    Athena Spenser
    Gold’s not for gains? Smart!
  • Astrid Stephen
    10-29
    Astrid Stephen
    Love this safe, no-fuss plan!
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