While there is a possibility of gold giving good returns from now on, depending upon a lot of global and local reasons, it may not give good returns too, there is always an opportunity cost with allocating more to gold. And as gold is volatile, despite the leverage, if it does not move as per our move, there is a chance of loss too, so can you afford that? You can observe the movement of the price for a few sessions and can do.
I buy ETFs to diversify, but sell them depending upon market conditions, and I participate in futures occasionally.
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