Questions about gold, possible market crash

On September 24, 2019, from Cam K…… DDS, BC, Canada

Question:

I did have several questions-

  1. What are your thoughts on gold– especially holding physical gold?
  2. If the stock market bubble was to crash, as many analysts say it will soon, wouldn’t you still be very exposed – with being in an EFT?

Monday Morning Millionaire Program Answer:

Thank you for your questions, Dr. K.

Years ago, the Aden sisters predicted $5,000 per ounce gold. Currently, James Rickards is talking $10,000 per ounce gold. Neither prediction has come close to taking place. What does history tell us?

Over the 93 years since 1926, the S&P500 has returned 11.96% annually. Gold has returned 0%!

On May 7, 2018, we posted a more detailed blog on the subject.

Concerning a market crash, the Monday Morning Millionaire Program (15.5% annual return since 2012) encourages members to hold an ETF which mirrors the S&P 500  and to welcome market drops for the bargain buying opportunities that they are.

To do that, members need to have an appropriate asset allocation in place with enough cash to take advantage of the bargains.

Monday Morning Millionaire Program members take profits when the market rises and buy bargains when it drops. Fluctuations are exciting. Lateral markets are boring.

Please note that the Monday Morning Millionaire Program contains opinions only. It does not provide any investment advice or endorsements.

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Dr. Milan Somborac

The Monday Morning Millionaire Program supports do-it-yourself (DIY) investors which I have been for over 50 years. About my team and me

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