Gold price falls sharply on war-induced inflation fears
- •Hey everyone, just read this article: Gold price falls sharply on war-induced inflation fears .
- •It's definitely an interesting one, especially seeing gold drop 6% in a day after such a strong run.
- •The part about it wiping out all of last week's gains but still being up 17% overall this year really highlights the wild swings we're seeing.
Hey everyone, just read this article: Gold price falls sharply on war-induced inflation fears. It's definitely an interesting one, especially seeing gold drop 6% in a day after such a strong run. My first thought was, "Here we go again, volatility is back with a vengeance." I remember back in '08 when things really seemed to be unraveling, gold was one of the few places I felt somewhat comfortable, but even then it wasn't a straight line up.
The part about it wiping out all of last week's gains but still being up 17% overall this year really highlights the wild swings we're seeing. I've got a small portion of my retirement portfolio in gold ETFs as a hedge against inflation and general market uncertainty, and while I'm not panicking, it definitely makes you sit up and pay attention. My wife always asks if we should just ditch it all when it dips, but I've always found it prudent to hold some long-term, especially with all the money printing going on.
What are your thoughts on this? Are any of you looking at this as a buying opportunity, or are you expecting further dips with these inflation fears? Curious to hear how others are reacting to this latest move and if it's changing anyone's strategy.