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Joined: Sep 2006
Posts: 23,660 Likes: 1
Campfire Ranger
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OP
Campfire Ranger
Joined: Sep 2006
Posts: 23,660 Likes: 1 |
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Joined: Feb 2007
Posts: 11,823 Likes: 2
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2007
Posts: 11,823 Likes: 2 |
Compare gold to the stock market over any 10 year period the past 100 years. There’s your answer.
NRA Patron
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Joined: Sep 2014
Posts: 21,935 Likes: 9
Campfire Ranger
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Campfire Ranger
Joined: Sep 2014
Posts: 21,935 Likes: 9 |
If i ever won the powerball i would buy gold and silver coins. A couple million dollars. One time insurance policy that you would have wealth no matter what.
But it's not a money making investment.
And I haven't bought a ticket in months.
Parents who say they have good kids..Usually don't!
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Joined: Dec 2002
Posts: 18,026 Likes: 16
Campfire Ranger
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Campfire Ranger
Joined: Dec 2002
Posts: 18,026 Likes: 16 |
Wearable gold:
"To compel a man to furnish funds for the propagation of ideas he disbelieves and abhors is sinful and tyrannical." -- Thomas Jefferson
We are all Rhodesians now.
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Joined: Sep 2006
Posts: 23,660 Likes: 1
Campfire Ranger
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OP
Campfire Ranger
Joined: Sep 2006
Posts: 23,660 Likes: 1 |
Wearable gold: Yeah, a little tough to resell in hard times, though. Met the guy's grandson a few years ago that started Patek. MM
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Joined: Dec 2002
Posts: 18,026 Likes: 16
Campfire Ranger
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Campfire Ranger
Joined: Dec 2002
Posts: 18,026 Likes: 16 |
Yeah, a little tough to resell in hard times, though.
Met the guy's grandson a few years ago that started Patek.
MM
The Stern's are good folks, they're dedicated to their brand and their diligence to their craft has made them #1 in the watch world.
"To compel a man to furnish funds for the propagation of ideas he disbelieves and abhors is sinful and tyrannical." -- Thomas Jefferson
We are all Rhodesians now.
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Joined: Nov 2004
Posts: 10,065 Likes: 9
Campfire Outfitter
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Campfire Outfitter
Joined: Nov 2004
Posts: 10,065 Likes: 9 |
I'm buying but I consider it more like insurance than an investment. I should have stayed in the markets too but I lost faith in stocks when the new regime stole power. I'm shooting for 15% assets in metals as a hedge against inflation and dollar issues.
Bb
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Joined: Mar 2015
Posts: 2,154 Likes: 4
Campfire Regular
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Campfire Regular
Joined: Mar 2015
Posts: 2,154 Likes: 4 |
I like having gold, I don’t worry about it from an investment standpoint. If you intend to sell your gold… I strongly suggest you do not buy the “cheapest” bullion, coins, bars out there. Buy coins that sell, mainstays like AGE’s, Buffs, Maple leafs and what not.
BTW not a fan of the AGE type 2 design. S.
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Joined: May 2004
Posts: 5,231 Likes: 2
Campfire Tracker
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Campfire Tracker
Joined: May 2004
Posts: 5,231 Likes: 2 |
I bought into a gold trust. I am not sure I like doing that but only have 2K into it. I decided to buy a gold miners ETF (GDX). I also bought Kirkland, Kinross and Newmont gold miners companies. I was up 13% in just a few months, but now I am down on my gold investments by about 6%. I bought in around May. I am not too concerned cause it is only 1% of my portoflio.
But the fruits of the spirit is love, joy, peace, patience, kindness, goodness,faithfulness, Gentleness and self control. Against such things there is no law. Galations 5: 22&23
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Joined: Sep 2011
Posts: 61,250 Likes: 30
Campfire Kahuna
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Campfire Kahuna
Joined: Sep 2011
Posts: 61,250 Likes: 30 |
These premises insured by a Sheltie in Training ,--- and Cooey.o "May the Good Lord take a likin' to you"
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Joined: Aug 2003
Posts: 6,467 Likes: 2
Campfire Tracker
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Campfire Tracker
Joined: Aug 2003
Posts: 6,467 Likes: 2 |
Compare gold to the stock market over any 10 year period the past 100 years. There’s your answer. Hedge. There’s your answer.....
Decades of voting for the lesser of two evils has gotten us just that.....
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Joined: May 2009
Posts: 5,628
Campfire Tracker
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Campfire Tracker
Joined: May 2009
Posts: 5,628 |
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Joined: Sep 2006
Posts: 23,660 Likes: 1
Campfire Ranger
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OP
Campfire Ranger
Joined: Sep 2006
Posts: 23,660 Likes: 1 |
Not going to do crypto.
If I buy gold it will simply be to hold & as a hedge, no attempt to make money on the value increase, per se'.
MM
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Joined: Feb 2016
Posts: 790
Campfire Regular
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Campfire Regular
Joined: Feb 2016
Posts: 790 |
I had a small wad sitting in good the last two years.... I just unloaded half of it because it is just not moving one way or another....
I'm moving it into oil....
Well... we have come to the point.... where... the parasites are killing the host. It's only a matter of time now.
They only win.... when they cheat.
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Joined: Dec 2013
Posts: 23,689 Likes: 2
Campfire Ranger
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Campfire Ranger
Joined: Dec 2013
Posts: 23,689 Likes: 2 |
I’d buy physical gold, not an etf. Defeats the purpose I’d be buying it for. Long term, if you’re buying it in small amounts (less than 10k) and for an investment only, there’s a lot better options. If you’re buying it for currency when the economy collapses, I’d be buying $10,000 worth of tradeable necessities that store well long term.
Last edited by jackmountain; 10/07/21.
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Joined: Feb 2010
Posts: 3,846
Campfire Tracker
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Campfire Tracker
Joined: Feb 2010
Posts: 3,846 |
Shopping around the physical goes for about 4% more than the spot price. Do gold buyers buy it over the spot price? I've never tried to sell physical but a 4% bid/ask spread is pretty expensive.
Quando omni flunkus moritati
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Joined: Nov 2004
Posts: 17,290 Likes: 4
Campfire Ranger
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Campfire Ranger
Joined: Nov 2004
Posts: 17,290 Likes: 4 |
Do you trust the market today? Gold is not an investment to earn money as much as it is a loss prevention measure.
g
"I have sworn upon the altar of God, eternal hostility against every form of tyranny over the mind of man." Thomas Jefferson
GeoW, The "Unwoke" ...Let's go Brandon!
"A Well Regulated Militia" Life Member
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Joined: Jul 2011
Posts: 1,814 Likes: 1
Campfire Regular
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Campfire Regular
Joined: Jul 2011
Posts: 1,814 Likes: 1 |
Shopping around the physical goes for about 4% more than the spot price. Do gold buyers buy it over the spot price? I've never tried to sell physical but a 4% bid/ask spread is pretty expensive.
I bought gold coins around 2009 and sold some last month to the same company from whom I bought the coins. They paid spot on the day it was received and the charge was 1% of sale.
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Joined: Sep 2020
Posts: 600
Campfire Regular
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Campfire Regular
Joined: Sep 2020
Posts: 600 |
I don't trust equities anymore, neither the dollar, crypto, and I'm not interested in speculation. In the past, I invested primarily in small cap growth stocks. My rationale was to put capital toward something productive. I've given up. I think there is real productivity out there, no doubt, but the securities market that trades in dollar-denominated assets is totally unhinged from any kind of realistic valuations and massively inflated by unrestrained alchemy.
Metals are closer to a commodity today than they have been in the past. They're a poor medium of exchange in today's market because of absurd premiums. Metal-backed securities of various kinds are less costly to trade, but they often sap the value out over the long term. As a hedge, the long-term is the only way they are functional. I expect them to crash with the market. People will sell their metals to cover their other losses that are dollar-denominated.
The biggest attraction to me is that metals are amoral in a market where just about everything else is turning immoral and evil. No doubt there is far more money to be made "investing" (speculating, gambling, and betting) in market darlings. You know the tickers. I'd rather vomit.
If you've got money in IRA(s), it's either cash, gold, bonds, equities, or something similar. Cash represents the Federal Reserve. Bonds represent the Treasury, another government, or corporation. Equities represent big businesses. You can't find a cabal with more corruption, wickedness, and immorality in any point of history than that, with the exception of gold. Gold is just gold.
I don't think about the performance of gold or silver in dollar terms. There will always be small fluctuations in supply and demand, but big dollar gains or losses reflect more the changing value of the dollar than that of the metals. An ounce of gold may very well be $50,000 some day, but I won't be rich because of that. It will just mean the dollar is worthless.
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Joined: Mar 2010
Posts: 24,361 Likes: 15
Campfire Ranger
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Campfire Ranger
Joined: Mar 2010
Posts: 24,361 Likes: 15 |
Yepx2. Plus Commodities with a decent dividend Bought RIO Look at REITs and midstream too
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