Is there still a place for gold investing today? Do you invest in gold currently? Or do you think long gone are the days of gold investing?

Gold

Yes I agree that gold is an older day thing and more popular with our grandparent's era and even our parent's(boomer). It was used as an insurance back in the days.

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Warren buffet used to say that gold is a non-productive asset. When u buy a stock, you buy a live business and even a slow moving stock that pays dividend is better than gold that just sits there and takes up space. Besides, it's also very slow moving and it does not necessary move up when an inflation occurs which then defeats it's purpose as a hedge against inflation. It does hold some value and can be quite volatile. It is better to see it as a collectable that hold some value. Something that you can "bai swee" and can touch.

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Crypto

I am also bullish on crypto and crypto people are usually enemies of Pro-gold people like Peter Schiff. I will allocate my funds appropriately with majority in stocks and about 20% in crypto for the volatility and potential that it has. I may purchase gold also in future but only to "bai swee"

Gold is not an investment. Gold is a currency hedge against inflation and money printing

Palantir actually bought gold bars in August as they can forsee in the futures more and more black swan events. However their returns so far has not really been great.

Gold, silver, crypto. Any form of hard money that you can store some of your wealth outside of the Fiat system which is doomed to fail. Each have their own properties that can have value to diversify into.

I started with crypto first and used to joke that gold is the poor man's bitcoin. But then I realised that I AM a poor man.

Further more precious metals do somewhat have a physical scarcity on earth. BTC may be capped at 21M but there is no limit to the number of other cryptos that can be created where money can flow into. Im sure the winner asset in the future will be a crypto, but at this point it's hard to speculate which one it will be, or if BTC will even be one of them. For gold however, you can't just come up with a new different precious metal just because you want to.

Yes more gold and silver may be found at the bottom of the ocean or mined from an asteroid by Elon's spaceships, but imagine the price per Oz that they have to rise to for those to even be economically feasible to mine.

I recently started buying physical gold+Silver also because I learnt of the price manipulation by banks using the paper gold/silver markets.

https://www.bullionstar.com/blogs/ronan-manly/g...

I might be strange but I like to buy things when they are hated, and manipulated below their fair value.

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Also, unless you have better access to world data and better tools to analyse the data than Palantir, who recently bought 50M worth of gold to hedge against a black swan, then I don't think you can say that there is no place for gold investing today.

https://www.bloomberg.com/news/articles/2021-08...