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 Replies: 146 / Views: 25,241 |
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Pillar of the Community
United States
2365 Posts |
Quote:
Why do you care ? I closely track the markets. I thought those would be interesting articles for folks that might also keep track. It's the same with stocks, bonds, etc. to know what your investments are doing. I posted the Forbes article to show that there are many ways to truly invest (speculatively) in the metals markets...much more than just coins, bars and so forth. |
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Pillar of the Community
United States
2829 Posts |
This thread began, Dec 2018. If you pull up the 5 year chart of the $GLD.... it has appreciated +45%. I would argue w/ the premise of the thread, as gold has proven to be an investment.
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Pillar of the Community
United States
2365 Posts |
Edited by dsking
02/16/2023 12:37 pm
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Valued Member
United States
397 Posts |
To me, gold is an investment and it's also not an investment. It is not an investment, if you're looking for one of those get-rich-quick schemes. For that, you would need to look at risk-on assets like crypto or tulips (kudos to those who got the reference). Gold is, however, an investment into the financial health and sustainability of your wealth. Even for someone who's diversified into stocks, bonds, real estate, etc., if there is a big crash, all of those things will still crash in tandem, albeit to varying degrees. But gold will hold its purchasing power, unless of course, we're talking about an apocalypse, in which case food and clean water and ammo are what you would need. Gold is an investment, in the sense that it's a hedge against risk and turmoil. I do not recommend misusing it or mis-categorizing it as anything else. And oh, yes, it's pretty and shiny to look at :-)
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Pillar of the Community
United States
2365 Posts |
 The point to my postings was to show that there are many avenues to invest in gold other than gold coins. However, gold coins or bullion are tangible vs. IRA investments, etc. There's so much more to the Gold market such as how the London Fix plays a huge role in futures and so forth. Thanks for your comments everyone. It seems that we do all agree in our gold assessments in one form or another. Another interesting factoid is that OUR gold prices have, historically, dropped in March. It should slowly gain strength around June. Atleast based on the previous Futures Market. Then again, other factors apply...even supply and demand. Thanks for contributing to my craziness of posting the articles. Edited by dsking
02/16/2023 8:23 pm
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Pillar of the Community
United States
2829 Posts |
@dsking.... "Another interesting factoid is that OUR gold prices have, historically, dropped in March. It should slowly gain strength around June."
Thanks, I was never cognizant of that statistic. Maybe I'll take a gamble & buy some cheap $GLD OTM Puts. :D
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Pillar of the Community
United States
701 Posts |
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Pillar of the Community
United States
3342 Posts |
Gold appreciates in fits and starts, but it has appreciated considerably since 1970 when Bretton Woods was annulled. It may not always do so, but as long as its value is detached from inflating currencies it will find its own level.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Pillar of the Community
United States
2365 Posts |
Quote:
Just ask a gold miner. I would agree with that statement for placer miners and panning. However, living in "The Treasure State", the wealtheir miners bought out the large gold strikes and became very wealthy. The little guy, not so much or not as much. They would often times squander their findings. Helena, MT was once the wealthiest city in the World due to it's gold and silver mining, with over 50 millionaires by the end of the 19th Century. The wealth here is still obvious today with the huge mansions that were built from the mid 1800's to the early 1900's. There are still active mines here today. Helena has some very fascinating history, such as Virginia City does also. |
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Valued Member
Canada
128 Posts |
Well gold is shining a bit today
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Bedrock of the Community
Australia
21786 Posts |
US. average inflation rate since 2006:... about 2.5%
Have been reviewing PM historical charts since 2006, until now.
Silver?....meh
platinum?..... meh
Gold?....10% average
Actually, I am not a bullion stasher, (my first love is ancients), so I believe what I have found is un biased, (at least from my own viewpoint),
but the review figures are what they are.
Review the 20 year historic price charts for silver, platinum and gold if you wish.
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Bedrock of the Community
United States
10982 Posts |
Quote:
US. average inflation rate since 2006:... about 2.5% According to U.S. CPI numbers it's actually a little under 2.5%! LOL! Those of who have been paying bills since 2006 know it's been 5% average inflation until a couple years ago when it doubled that number. It's seriously scary folks. |
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Moderator
 United States
23472 Posts |
For those who think they cannot afford Gold-
Remember there are some very nice 1/10 oz coins form various countries( including the USA) that are affordable.
rggoodie
aka Richard
"catch em doing something right"
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Valued Member
United States
311 Posts |
That an IRA in a mining company did well until now is only clear in hindsight. Individual companies go bankrupt all the time.
Putting your IRA in a single company is a terrible idea. Apple was a goner until the ipod.
Now that cheap index funds are available, this is about the single best thing for an IRA.
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Valued Member
Canada
128 Posts |
Looks like gold is on the verge of breaking 2,300.
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Replies: 146 / Views: 25,241 |
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Posted 02/16/2023 12:17 pm
