Shares & Derivatives
Buy Gold/Silver as insurance or hedge against inflation? (2)
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  September 4, 2011
Read? Buy Gold/Silver as insurance or hedge against inflation? The only Gold that I have is my wedding Gold ring I am wearing. Wait till I become multi-millionaire, then I will think about it of hedging tool. Gold itself doesn't pay dividends and can't grow by itself. You really need a greater fool to come along to buy it higher. Unlike investing in stocks, it is the job of CEOs and their Boards to grow the company horizontally and/or vertically. Whether they can successfully achieve it or not is another story. For example, look at our home grown companies like DBS, Keppel Corp, Semb Corp, ST Engineering, SingTel, etc growing so big and so large that you don't need greater fools to come along to buy it higher. Get it?......
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By Create Wealth Through Long-Term Investing and Short-Term Trading
I am 62 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016. Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 3nd year Uni in SUTD. I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild. I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038. Cheers!
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