4 thoughts on “Is the current gold reserve necessary? How much gold should a family invest in reserves to avoid risk aversion?”
Drew
It is not necessary for individual investors, but it is necessary for monetary authorities or foreign exchange reserves. Prepritrimated "risk aversion" -negative correlation gold has certain financial attributes, but does not mean that financial attributes must be safe -haven. The risk aversion is relatively speaking. As long as there is negative correlation between the two products, it can be said that this product is the product of the product. For example, the relationship between stock real estate and gold is not related, or even negatively related, then the stock property assets are greatly impaired, and the relative value of gold will increase value. It has the effect of hedging. , that is, risk aversion is not absolute, but relative. Gold does not have an absolute risk aversion. Do not talk about gold. When stocks rise or housing prices are rising, the housing prices of stocks are risky. For example, my country's housing prices have risen (bull market) for more than 20 years (bull market), and the stock market rose (bull market) for more than 10 years in the United States, and now the gold is not satisfactory.
The fundamental depreciation of currency
The currency is relatively depreciated within a certain period of time, mainly because the labor force is limited, and the production efficiency becomes unlimited in continuous improvement. So for people, limited things (scarcity) will appreciate relative to the currency, and unlimited things will depreciate relative to the currency. Reterly appreciation of the gold will be appreciated in the depreciation of the currency, so it is better to say that scarce things appreciate the currency depreciation. Stocks and real estate are the same as gold. They have relatively stability and scarcity, so whether it is golden stocks or real estate, it has a certain amount of value preservation and value -added, that is, as long as it is held in these three major financial assets for a long time Effective value preservation and appreciation, not limited to buying gold. If you hold a property, there is no need to hold gold. Or hold a lot of stocks, then there is no need to over -hold gold and real estate. , however, you do n’t even have a house, and the stock has never been held. How can you talk about gold -what hedge? Have you ever heard how much gold is the rich people such as Ma Huateng, Ma Yun and others? There is no instructions to configure gold in Standard Poole's family asset -limited chart -and even many of them who write articles do not configure gold, but they "guide" others to configure gold.
In general, individuals do not recommend investing in gold, and holding stocks and real estate at any time are better than holding gold.
Molying the volatility of gold is far more than the volatility of real estate and stock indexes. Such a large volatility still has a risper! For example, gold has risen by 17%this year, and it has risen by nearly 30%from last year, and the price of gold from 2011 to 2013 is almost cut. Have you ever seen such a hedging? Secondly, the gold itself does not participate in the real economy, and it will not participate in the profit distribution brought by the economy (indirectly participating in corporate profit distribution), except for capital gains (viability) itself does not bring benefits. In terms of income, there are defects while paying the corresponding positioning costs, such as the corresponding management costs and custody fees for ETF gold, and the spot futures gold has corresponding financing costs and transaction costs. M n, there is no income, which is constantly depreciating. For example, even if the domestic gold has risen to 400 today, then it is still the same as the 2011 high, but in the past 8 years, it will be put into the corresponding position cost. And if you take this money to invest in bonds or deposit banks, you have corresponding interest, and it is compound interest.
The insurance asset -free, bond asset investment is stronger than holding gold, especially national bonds
It's effectiveness of currency depreciation and risk aversion, the effectiveness of buying bonds is higher than gold than gold many. If capital gains are considered, then buying stocks and real estate should also be better than excessive allocation of gold. After all, stocks and real estate participating in economic profit distribution can get corresponding dividends and rent. Therefore, if your assets are not many, personal families do not have to configure gold, that is, there is no need to hedge the risks brought by the stock market and the housing market. On the contrary, you hold a safe securities such as a national debt without credit risk -the real risk aversion should be to weigh between creditor's assets and equity assets, rather than all put them on equity assets on the equity assets. Essence
The risk aversion is relatively speaking. For users, risks are income, and risk aversion is to avoid income. For example, the price of the stock market and real estate has risen, and gold has fallen. What do you make in half and half a point? Instead, there are positions. On the other hand, the price of the stock market and real estate has fallen, and gold has risen. What do you make in half of your investment? This is just like the futures are short and more.
I think it is necessary to reserve gold now, because this can help us stabilize investment. I think that each family can make budgets according to its own economic conditions, and about 30%of economic conditions are used to invest in gold. You can get the biggest income
It is not necessary for individual investors, but it is necessary for monetary authorities or foreign exchange reserves.
Prepritrimated "risk aversion" -negative correlation
gold has certain financial attributes, but does not mean that financial attributes must be safe -haven.
The risk aversion is relatively speaking. As long as there is negative correlation between the two products, it can be said that this product is the product of the product. For example, the relationship between stock real estate and gold is not related, or even negatively related, then the stock property assets are greatly impaired, and the relative value of gold will increase value. It has the effect of hedging.
, that is, risk aversion is not absolute, but relative. Gold does not have an absolute risk aversion. Do not talk about gold. When stocks rise or housing prices are rising, the housing prices of stocks are risky. For example, my country's housing prices have risen (bull market) for more than 20 years (bull market), and the stock market rose (bull market) for more than 10 years in the United States, and now the gold is not satisfactory.
The fundamental depreciation of currency
The currency is relatively depreciated within a certain period of time, mainly because the labor force is limited, and the production efficiency becomes unlimited in continuous improvement. So for people, limited things (scarcity) will appreciate relative to the currency, and unlimited things will depreciate relative to the currency.
Reterly appreciation of the gold will be appreciated in the depreciation of the currency, so it is better to say that scarce things appreciate the currency depreciation. Stocks and real estate are the same as gold. They have relatively stability and scarcity, so whether it is golden stocks or real estate, it has a certain amount of value preservation and value -added, that is, as long as it is held in these three major financial assets for a long time Effective value preservation and appreciation, not limited to buying gold.
If you hold a property, there is no need to hold gold. Or hold a lot of stocks, then there is no need to over -hold gold and real estate.
, however, you do n’t even have a house, and the stock has never been held. How can you talk about gold -what hedge? Have you ever heard how much gold is the rich people such as Ma Huateng, Ma Yun and others? There is no instructions to configure gold in Standard Poole's family asset -limited chart -and even many of them who write articles do not configure gold, but they "guide" others to configure gold.
In general, individuals do not recommend investing in gold, and holding stocks and real estate at any time are better than holding gold.
Molying the volatility of gold is far more than the volatility of real estate and stock indexes. Such a large volatility still has a risper! For example, gold has risen by 17%this year, and it has risen by nearly 30%from last year, and the price of gold from 2011 to 2013 is almost cut. Have you ever seen such a hedging?
Secondly, the gold itself does not participate in the real economy, and it will not participate in the profit distribution brought by the economy (indirectly participating in corporate profit distribution), except for capital gains (viability) itself does not bring benefits. In terms of income, there are defects while paying the corresponding positioning costs, such as the corresponding management costs and custody fees for ETF gold, and the spot futures gold has corresponding financing costs and transaction costs.
M n, there is no income, which is constantly depreciating. For example, even if the domestic gold has risen to 400 today, then it is still the same as the 2011 high, but in the past 8 years, it will be put into the corresponding position cost. And if you take this money to invest in bonds or deposit banks, you have corresponding interest, and it is compound interest.
The insurance asset -free, bond asset investment is stronger than holding gold, especially national bonds
It's effectiveness of currency depreciation and risk aversion, the effectiveness of buying bonds is higher than gold than gold many. If capital gains are considered, then buying stocks and real estate should also be better than excessive allocation of gold. After all, stocks and real estate participating in economic profit distribution can get corresponding dividends and rent.
Therefore, if your assets are not many, personal families do not have to configure gold, that is, there is no need to hedge the risks brought by the stock market and the housing market. On the contrary, you hold a safe securities such as a national debt without credit risk -the real risk aversion should be to weigh between creditor's assets and equity assets, rather than all put them on equity assets on the equity assets. Essence
The risk aversion is relatively speaking. For users, risks are income, and risk aversion is to avoid income. For example, the price of the stock market and real estate has risen, and gold has fallen. What do you make in half and half a point? Instead, there are positions. On the other hand, the price of the stock market and real estate has fallen, and gold has risen. What do you make in half of your investment? This is just like the futures are short and more.
I think it is necessary to reserve gold now, because this can help us stabilize investment. I think that each family can make budgets according to its own economic conditions, and about 30%of economic conditions are used to invest in gold. You can get the biggest income
Gold reserves are necessary, but that is for the country. If the family does not need to invest in gold, the country will be stable.
There are not many mobile assets in the hands of ordinary people. The best choice for people to fight risk.