I just don't believe all the hype about gold being a great place to park money right now. The price of gold has been at a plateau for the past 3 years, with ups and downs, but it just doesn't look like there is the big climb the gold sellers are trying to tell potential customers. If gold was such a great buy, wouldn't they put all their resources into buying it for themselves, rather than selling it to others?
Any thoughts on gold are appreciated.
Consider your purpose for considering PMs. If you want to make a quick buck, this is a really risky proposition, but junior miners can provide outsized movement - that is of course both up and down, but has the potential to provide significant gains for gamblers. If your intent is to protect purchasing power against a diminishing currency, PMs are good and dollar cost averaging works over a long time horizon. If you want something that will be a potential medium of exchange in a TEOTWAWKI then junk silver is likely the best. It is not about what the market wants to give you, its about you controlling the tools to meet YOUR needs.
I consider my retirement account to be my kid's inheritance. My wife and I don't need it now or the foreseeable future, so I would like to have my money where it will at least keep most of it's current value. Despite being in the most conservative portfolia, I STILL lost about 20% in 2022.