Is Gold A Good Investment In 2024?

Gold has been performing really well recently and I know a lot of Malaysians like investing in it. It has its use cases and at times can be a good trade but for me, I wouldn't invest in it for the long-term.

With so many options out there, would gold really make sense as an investment for retirement?

⌚ Timestamps:
00:00 Intro
00:28 Gold is not a productive assets
2:57 Gold trades at a premium
5:29 Gold hasn't been doing its part in a portfolio
9:34 Bitcoin seems like a better option
11:00 Why I could be wrong
12:27 My personal view on gold as an investment

🍿 WATCH NEXT:

🔗 OTHER LINKS:

Follow us on Instagram: @themillennialfinance_
Follow us on Twitter (X): @themillennialf_
TikTok: @themillennialfinance

#TheMillennialFinance

[badehgusardaneshkdeh]

It seems everyone is still relying too heavily on the charts now. Imho, when the ETF's stepped into Crypto it changed the game. The Bitcoin Baby has been born and will grow up fast. The Crypto Market now has a rubber stamp of approval. Wall Street is in the game now and It will become the store of value we have been talking about. The rules are already changing. We would have normally had a corrective retrace by now, yet Bitcoin has been steadily rising. The name of the game is getting out with profit, but when exactly to get out this Super Cycle is going to be a tricky one. It's not about guessing the market's next move; it's about playing it smart and steady...managed to grow a nest egg of around 3.4Bitcoin to a decent 18Bitcoin in the space of a few months... I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[googlim]

As you yourself pointed out, there are pros and cons for keeping gold. But for those who already have investments in landed properties, shares etc keeping a small portion of assets in the form of gold is prudent.

[SaadonAksah]

Well strictly speaking its not an investment but rather a hedge against devaluation of paper money. Personally Id like 5 to 10% of my portfolio to consist of gold. Nah Im not gonna touch bitcoin not even with 7ft pole 😂

[eusofffathi]

Thumbs up on your opinion, nice to see someone who has an opposite opinion on Gold

[syamim]

Cocoa can go up to 300-400% imo, EU based company can't even buy cocoa directly from Indonesia, need SG and MY as middleman make it much pricey.. Just brace yourself with more pricey chocolate.. Even cadburry's company have a plan early this year to start increasing their prices😔

[izzr]

Selamat Hari Raya Emir! I am team gold for sure and it makes up 10% of my portfolio. What do you personally invest on?

[Callen]

I also not fully invest in gold..but i have some physical gold bar in my hand..mostly i invest in s&p500 and crypto

[jayden]

You are so wrong for this but I like that way you talk about it

[MeetKhairul]

It’s not an investment. It’s for protection, the last line of defence. Is universally accepted to barter with should the world go into shit. You can use it to buy your family out of the country, etc.

It’s a store of value without any dependency.

Comes down to how one wants to use this special trait in their strategy. You can also sprinkle this around the globe if you’re planning your citizenship options.

[oxfordbambooshootify]

Everything is at all time highs. Cash out. No investments

[shamymanavie]

Hi Emir, how about you make a content on "What I would invest should WW3 happened?"