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?
See how Keppel Corp grows itself and now it is growing its third wing - Infrastructure.
From its humble beginnings as a local ship repair yard, the Keppel Group has become one of the largest conglomerates in Singapore. Over the years, the Company has evolved into the current structure of focusing on three key businesses in Offshore & Marine, Infrastructure and Property.
From one local shipyard in Singapore to 20 yards globally.
Can Gold Bar grow?
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