My old mother had bought €30,000 in gold in a panic because of the Iran war. Sell ​​or wait?

I advised her against it and said that gold is safe in good times, but at the moment it is a speculative asset. The next day she ran to the bank. I'm now wondering whether you should just sell at a loss or wait until the Gulf of Hormuz triggers the next global economic crisis. But Russia could just as easily go bankrupt and sell its large gold reserves. submitted by /u/H_Marxen [link] [comments]