Submitted by hotpost69 t3_10n4kv7 in wallstreetbets
Unknownirish t1_j672b6z wrote
Why gold? Lol
jols69 t1_j67mke4 wrote
Cause that makes for proper diversification…something you don’t understand
hotpost69 OP t1_j693tl8 wrote
It’s a gold miner - and honestly - it’s a small portion. Why not
Unknownirish t1_j694kj6 wrote
I don't like gold companies.
Here me out.
Nothing wrong with gold but perhaps I'm more conventional and would only want physical gold. But even then gold is a long term, and I mean long term hold for any kind of return.
Does it hold value? Yes. But you also have to sell that asset and that buyer is also looking for a deal as well. Too much negotiation for me.
TL;DR gold is a rock that sits there, Apple is a company that makes things.
Disclaimer: Because why not, I don't hold any Apple shares.
Edit a word.
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