I have held a decent chunk of gold ETFs like GLD and IAU through the big run and they have done alright. Gold shot up hard earlier this year over 5500 an ounce before giving back around 16 percent to sit near 4500 now. I am genuinely torn on what to do next.
One part of me says this dip looks like a chance to add more. Geopolitics stay messy, central banks keep stacking, and it still hedges inflation if things turn south again. Plenty of folks think gold has room to run higher from here.
The other part wonders if the easy gains are already made. With hot inflation data, a stronger dollar, and tech still ripping…it feels like maybe it is smarter to trim some and rotate the cash elsewhere.
I cannot decide. Are gold ETFs a good buy right now or is it time to sell some? Looking for real reasons either way from the community.
Gold ETFs good buy right now after the pullback or should I be divesting some?
byu/snowycashflow instocks
Posted by snowycashflow
8 Comments
I sold my Gold and Silver last week. Both are going down further and I’ll buy back the dip. Silver to $50 and Gold to $3600. I prefer Sprott PHYS and PSLV both backed by 100% gold or silver. GLD and SLV are too volatile (paper contracts)
Stocks are better. Tech, semis
> this dip
You’re weeks too late.
Like what are you even talking about?
Do you expect inflation to worsen or abate? Im gonna say inflation gets worse before it gets better, which means gold is probably a safe bet
Looking at the gold chart, the $3,700–$3,400 range appears to be a strong potential buying zone.
I know gold has a lot of news stating that it would go down. I sold the top base portion of my holdings and it looks to me stop doing anything from where we are at. Not up or down much
Cramer said sell
But i decided to keep. It’s 40% gain in my account really hard to pick something else for that price
Gold ETF is a good hedge in a diversified portfolio. I keep GLD at 10% of my taxable
Why you don’t invest in fysical gold? Why do you want to buy it in a ETF?