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#16178286 06/17/21
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Anyone else buying gold today? It's come back down a bit over the last few days. It's still pretty expensive but I'm going to roll the dice and pick up a little more today.

I've been having a hard time wanting to buy stocks since the sham election. I'm not sure where to put money but inflation is upon us and I'm not getting anything from money market accounts. I parked most of my retirement money at the first of the year and I've missed a little run up but I'm having a hard time jumping back into the markets.

I figure gold is more of an insurance policy than an investment so I don't buy a lot of it but I've picked up a bit more lately.

What are you investing in these days?

Bb

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Investing in the same things I have for the past 30 years. That’s a balanced portfolio of stocks, bonds, some mutual funds, some tax free munis and a little cash.
I’ve never tried to time the market and have rode out the peaks and valleys. So far that has worked very well. Never have invested in precious metals.

Last edited by dale06; 06/17/21.

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After all is said and done, gold is still a zero-sum investment. Historically, it's returned less than half of the stock market. Yes, the market is high, but so is gold.

There are just times when returns are exceptionally good, and there are times where you just sit there and sit. And there is much, much less of the first than the second. But if you miss those few times there's a big run up, you've lost most of the market's appreciation.


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Decades of voting for the lesser of two evils has gotten us just that.....
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There’s a reason 10% is the recommended max in your portfolio.

Investing has changed. Things like PE ratios are thrown out the window. Until the correction comes , then it will be the buzz word until the next bubble.


Decades of voting for the lesser of two evils has gotten us just that.....
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When the market bubble pops, there will be forced selling including gold. That’s when gold gets cheap. But I think we will be at 2500 gold by the end of 2022


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All my money is going towards getting out of this Crap Hole I live in right now Commyfornia.
There is nothing left for me to invest in right now.

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Being debt free is a great position to be in when the bubble pops.


Decades of voting for the lesser of two evils has gotten us just that.....
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Originally Posted by JeffP
Being debt free is a great position to be in when the bubble pops.

True that.


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Originally Posted by Burleyboy
Anyone else buying gold today? It's come back down a bit over the last few days. It's still pretty expensive but I'm going to roll the dice and pick up a little more today.

I've been having a hard time wanting to buy stocks since the sham election. I'm not sure where to put money but inflation is upon us and I'm not getting anything from money market accounts. I parked most of my retirement money at the first of the year and I've missed a little run up but I'm having a hard time jumping back into the markets.

I figure gold is more of an insurance policy than an investment so I don't buy a lot of it but I've picked up a bit more lately.

What are you investing in these days?

Bb

Long term, it's only going up.

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Originally Posted by Burleyboy
Anyone else buying gold today? It's come back down a bit over the last few days. It's still pretty expensive but I'm going to roll the dice and pick up a little more today.

I've been having a hard time wanting to buy stocks since the sham election. I'm not sure where to put money but inflation is upon us and I'm not getting anything from money market accounts. I parked most of my retirement money at the first of the year and I've missed a little run up but I'm having a hard time jumping back into the markets.

I figure gold is more of an insurance policy than an investment so I don't buy a lot of it but I've picked up a bit more lately.

What are you investing in these days?

Bb


If you invested heavily in gold ten years ago you would be a bit above even now

Is not a very good investment especially the past few years. Pick a reliable commodity stock that pays dividends like one of the mid stream stocks or a good mutual funds. Bonds might not be bad now too. buy on the down days. I have a feeling the market will be really volatile this summer between the fed, reddit stock manipulators and Biden's run away inflation

Last edited by ribka; 06/17/21.
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Originally Posted by funshooter
All my money is going towards getting out of this Crap Hole I live in right now Commyfornia.
There is nothing left for me to invest in right now.


Well, you are saving for a good cause. Good luck.


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Gold snd silver and mining


Ecc 10:2
The heart of the wise inclines to the right, but that of a fool to the left.

A Nation which leaves God behind is soon left behind.

"The Lord never asked anyone to be a tax collector, lowyer, or Redskins fan".

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Dumped my FSAGX yesterday.....looks like a good move currently.


A true sportsman counts his achievements in proportion to the effort involved and fairness of the sport. - S. Pope
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What concerns me mostly with PMs is spot price manipulation. Ex., Silver went down to $12/14 per ounce. But nobody had in stock to sell. And those that did have stock, were selling significantly higher.
I think the reddit boys are on to something. I don’t see silver pulling GameStop numbers but there is much more going on.


Decades of voting for the lesser of two evils has gotten us just that.....
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I don't even understand the market.

Spot gold price is $XXXX.
You can't buy at that, you go through a "dealer".
So you pay $XXXX.xx.

Then, when you sell, it's like a car.
The dealer says, "My car is worth moire than if you sell it".
Now, "Your" gold is discounted.

Add in rates of return, bad investment.

And if the world goes to poop?
How do you "spend" it?


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You don't, guns, ammo, and food will be the coin of the realm.


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Actually if they don’t try to confiscate PMs again, silver eagles are barter of choice in “Great Depression “ type eras.


Decades of voting for the lesser of two evils has gotten us just that.....
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^^^^^^^^^^^^^^^^^^^^^^
This


Question??? If the world takes a crap? what are you stocks going to trade for ??? ZERO ??? Gold and Dirt Will never be worth nothing, but your stock will be worth ZERO!! Rio7

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I have my regular investments, saving accounts, etc. but I do collect Moran Silver Dollars and Gold Double Eagles.
These are just something I enjoy having, to me it's like buying art, classic cars, or old guns. And when things get tough I can use them if needed, vs. trying to sell some old paintings, an old car, although my old guns will stay with me.
Gold and silver are good for hobbies, not great for investments.


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