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AAAU - Sales Pitches Say Buy Gold; Fundamentals Say Don't
Goldman Sachs Physical Gold ETF
Gold is a safe haven investment for many. However, will it be a profitable one if you invest in it now? I am presuming here that you are a US investor. The goodness of gold as an investment may depend on the local currency and many local political and economic factors. Dealing with the US situation is complex enough for me. I argue below that buying gold now is a mistake. Being neutral or even selling gold may be a better play.
The World Gold Council says Central Banks bought 374 metric tonnes of gold