Obviously the following is not financial advice, merely the musings of a cranky old man.
With gold at all time highs, it is seen as a hedge against USD weakness due to the Fed's fiscal stimulus trying to prevent the pandemic from destroying the economy. With an aggressive Fed backstopping the markets, gold is thought of as a store of value. In addition many think BTC will prove to be a store of value as well, as it is becoming know as digital gold per se.
However, I still side with Buffett in rather having money in farmland that can produce goods as it becomes more valuable over time. Even better to my thinking, is to own a stake in the SPX that produces products that create value. All the while gold sits on the shelf...it never made sense to me. Yes you can look at the luster and feel its density, but it does nothing.
For me personally, I want to be part of the solution to the world's needs. The companies of the SPX are leaders in the advancement of the human race. From creating technologies used in travel and communication, to the basics of food and energy, to even treating disease and the proverbial curing of cancer, that is where I want to put my money.
For all of its many woes and imperfections, the marriage of science and capital has placed humans on an ever higher trajectory of advancement. For the good of all of us, I hope it can continue.
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