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Comment by baybal2 | Hacker News Reader

For once, I am glad that I kept faith in yellow metal.

Or take palladium for instance, which price almost doubled over last year. Its price has plummeted 43% in 18 days! In normal times, the demand for palladium (automotive catalytic converters) far exceeds the supply. Wait another week or two and it will be a very, very good investment, believe me! https://www.apmex.com/palladium-price

I'm not sure I'd find that a comfort unless I held physical possession of it.

I moved my savings which were mostly in index funds into 2/3 index funds and 1/3 bear ETF with 2x leverage 3 weeks ago. Seems to keep it all at 0 for now.

Hmm why not sell everything and hold cash if you just want to keep everything at 0?

You're just paying fees for no reason. Is it just some tax trick to keep long term capital gains for the index funds? (does it even work like that?)

I wasn't planning on ending up with that it just happened to end up in a state which basically doesn't move (just like cash). I forgot I had made one transfer and then before I realized it all hell broke lose. I could just as well sell all of it now, but instead I'll probably slowly move from the bear to the index.

Look again. Gold held up for a while during the crash, but now it's down for the year.

What's your source?

According to https://goldprice.org/ it's +16.57% on the year

Also, it's still doing WAY better than stocks.

Huh? On 2019 December 31, gold closed at USD 1519.50. Just now (3:15 pm), it was at 1503. Too bad, because just a couple of days ago it was a great hedge against falling stock prices.

I guess you're talking about the 1-year price change.

Source: goldprice.org

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