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Comment by puranjay | Hacker News Reader

Historically, gold has kept your purchasing power largely intact over long periods.

I'm the biggest gold bug ever. Been holding this awful asset for the last 12 years.

This is the most manipulated, trash asset imaginable. The price of gold hasn't changed since 2011. It was $1900, still $1900.

Worst investment of my life. Maybe 2024 - 2030 will see some returns in gold like we saw from 2001 - 2011.

I'll keep investing in miners, because it's what I know and spend a lot of time reading drill results, balance sheets, etc.

But diversifying my portfolio. Oil has done particularly well in the past two years. There are many other interesting commodities.

I mean my time frame was more like 50 years - assets you can pass onto your grandkids - but you’re fundamentally right if your time frame is 10-15 years

Dont forget to buy/rebalance other metals when they seem cheap or gold seems expensive. Palladium has been great. Platinum is cheap now IMO.

It is interesting how 2011 until now lines up with the rise of BTC. Not to say there is causation but there may be.

Is looking at gold in terms of it's dollar value actually the point? I thought it was because it's a tangible asset that humans have always valued, i.e. a useful and rare metal, and that so long as people have food and water they'll probably still value it long past the point other assets have become worthless.

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