/biz/ - Business & Finance

>>19673149

Like David Brady, who didn't have any interest in precious metals until 2015, I wouldn't describe myself as a gold bug. It's simply that I have bought, and recommend others to buy, the best asset-class to protect themselves under the present circumstances--an inflationary environment with low real yields combined with inflated stock-prices and house-prices. There will be a time to sell gold and move into other asset classes. Mike Maloney shows how, if, since 1920, you had shifted between gold and real estate every time one or the other asset-class was comparatively undervalued, you could have turned 1 house into 480 houses. He calls this taking advantage of wealth cycles.

https://www.youtube.com/watch?v=l-knwwD-PZc

The Dow-Gold ratio will tell you when it is time to sell gold. See my picture. Gold would have to be worth $5000 in today's money before it would begin to get overvalued.

I also do believe in the gold standard, but that's a separate question.