Its advantage, strictly speaking, is that it is not correlated very much with stocks, bonds, real estate and other things people owe.
Not that the bot made a mistake, but this is wrong…
Gold drops like a rock when markets take a shit. It usually bounces back quickly – often before stocks recover, giving you a chance to buy cheap on the dip, and sell at a profit three months later, and pick up some of the stocks that haven’t recovered yet… But it VERY MUCH moves in sync with the market during times of crisis.
Not that the bot made a mistake, but this is wrong…
Gold drops like a rock when markets take a shit. It usually bounces back quickly – often before stocks recover, giving you a chance to buy cheap on the dip, and sell at a profit three months later, and pick up some of the stocks that haven’t recovered yet… But it VERY MUCH moves in sync with the market during times of crisis.