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How much GOLD is enough, to provide security for your family ?
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<p>[QUOTE="psuman08, post: 24681052, member: 121366"]I agree with those that say buying stocks and mutual funds is the best long-term investment to build wealth. Yes, I have some gold as a store of value, but it and silver are not good long-term investments. </p><p><br /></p><p>If you are spending $6-$8K a month, which you claim is going to be passed on to your family (meaning you don't expect to need it), I'd be buying NVDA, AAPL, MU, TSLA. Yes, they are all way up and yes there will be some volatility in their prices. If you are truly a long-term investor (say 10 years), I would bet (I'd like to say guarantee, but there are no guarantees) you will have outperformed gold even if it goes to 5K an ounce. We are at the start of the next industrial revolution, and you can still get in on it. Again, long-term, not with your nest egg, you should be aggressively investing in tech.[/QUOTE]</p><p><br /></p>
[QUOTE="psuman08, post: 24681052, member: 121366"]I agree with those that say buying stocks and mutual funds is the best long-term investment to build wealth. Yes, I have some gold as a store of value, but it and silver are not good long-term investments. If you are spending $6-$8K a month, which you claim is going to be passed on to your family (meaning you don't expect to need it), I'd be buying NVDA, AAPL, MU, TSLA. Yes, they are all way up and yes there will be some volatility in their prices. If you are truly a long-term investor (say 10 years), I would bet (I'd like to say guarantee, but there are no guarantees) you will have outperformed gold even if it goes to 5K an ounce. We are at the start of the next industrial revolution, and you can still get in on it. Again, long-term, not with your nest egg, you should be aggressively investing in tech.[/QUOTE]
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