I would also choose Bitcoin. Not that I don’t like gold, but I find Bitcoin and the whole cryptocurrency space much more interesting. It is the future and also cryptocurrency is easier to store as I only need the wallet on my smartphone instead of storing gold at home or at a bank.

I think the price of gold is mostly influenced by supply and demand. Gold is considered a wealth preservation asset by most investors. It is not very volatile and not excessively risky. Usually demand, and therefore the price, goes up when investors are looking for safe investments (such as during the pandemic). On trading platforms that offer the possibility of investing in commodities you can trade gold the same way you can trade stocks or currencies.

It is not the most profitable, at least not if you want to invest long-term, but it is still considered a good asset for wealth preservation. Cryptos can be more profitable, but they are also more risky than gold.

At this very moment in time, probably Bitcoin is the better investment. Back in January when this question was asked, gold definitely would’ve been the right answer.

It is great for wealth preservation. 20% of wealth in gold sounds like a great idea. I personally wouldn’t necessarily go any higher though, I’m afraid it would make a portfolio less diverse.

That’s strange. But I have seen many traders who only trade gold and make good profits, even if the market is bearish too. The thing they usually do during a bearish market is to sell gold short in my opinion.