| Author |
 Replies: 33 / Views: 2,976 |
|
|
|
Moderator
 United States
187446 Posts |
Quote:
I don't think gold is expensive. Excuse me? <checks wallet>I have to disagree.  |
|
Pillar of the Community
 United States
745 Posts |
Quote:
I don't think gold is expensive. If it were $40k per ounce, equivalent to the Dow, then it would be expensive. That number is an order of magnitude higher than what the price of gold is today. At $3,434.40 an oz its giving me nose bleeds Ed. And its unlikely to get much cheaper, if it all, in the short term. I dont see my stack of it in coins growing much at these prices at least. |
|
Pillar of the Community
 United States
5177 Posts |
You don't have to buy a full ounce of gold. You can do as I just did and buy a $5 gold commemorative.
|
|
Moderator
United States
187446 Posts |
Quote:
You can do as I just did and buy a $5 gold commemorative. Why I like to call nickel gold.  Should have bought that 2013 5-star generals three coin set when it was nearly a third of what it sells for now.  |
|
Pillar of the Community
United States
2637 Posts |
Daughter asked me how I would like to spend a day together for father's day. I suggested we travel to the shreveport coin show and I will start to teach her about some of what she will inherit.
|
|
Moderator
United States
187446 Posts |
Outstanding!  |
|
Pillar of the Community
United States
745 Posts |
Yeah a great hobby to share with your kid. And like with mine hopefully your daughter will take an interest and continue with the old mans passion, keeping the dream alive in the family.
I have a MS63 MSD inbound tomorrow and I think my kid is more excited then I am.
|
|
Pillar of the Community
United States
745 Posts |
Quote:
You don't have to buy a full ounce of gold. You can do as I just did and buy a $5 gold commemorative. Yeah maybe thats the way to go Ed. I'm starting to see a lot of .235 gold Sov's on the market I think because of the price of gold. These are older Sov's from the big bullion players and I think its both a lot of people cashing them in and a lot of companies selling them because they are more affordable for customers. But the best part of it are the premiums. The companys are selling them with very low premiums to keep the coins in the $800 range. Next month I'm going to take a look around and maybe buy one of two if the premiums are still low. but I'll have to take a good look at gold prices first. I have the money now but I'm trying to stay on a budget and I blew past Junes already before May ended.  |
|
Pillar of the Community
United States
7933 Posts |
We just rang up a huge vet bill for our pup, and I figured, "why not cash in a KR bought in 2010 to pay for it?"
Gold is at +200% since 2010, the S&P 500 is at +400%.
I should probably just dump any other gold hanging around, and get smarter.
|
|
Pillar of the Community
Canada
5391 Posts |
Agree with TD .
PRECIOUS METALS are a lousy investment.
Buying gold in 1980 @ 800 an ounce or investing
in either the S&P 500 or real estate . Hands down gold
loses big time.
No one can convince me of a GOOD reason to
HOLD Gold or Silver . Trade it yes , stack it never .
Coin dealer for 45 years plus .
Edited by Pacificoin
07/28/2025 8:28 pm
|
|
Pillar of the Community
United States
2213 Posts |
You can pick any two periods of time and it will show the stock market did better than gold or vise versa. The last two years gold has done much better than stocks. I don't think most stackers consider gold an investment, it's a store of value to preserve wealth compared to the deflating fiat dollar. Long term national debt is crippling this nation. The US is paying more interest on the debt than the entire military budget and getting worse. Eventually the government will have to increase taxes, cut benefits or just keep printing more money adding to inflation. The central banks have been buying gold in record amounts to shore up their portfolios.
I enjoy and buy/hold silver/gold. It's value out of the banking system and government. Here's two good reasons to hold silver/gold, I plan on passing it on to my daugher who also likes it. And though unlikely, if ever a SHTF comes, I can't access my electronic money, I can use it to barter.
From 1970 to 2019 gold went up 3,743%, the Dow went up 3,184%. Adding dividends stocks probably did better but it's risky to invest only in stocks in my opinion.
Edited by livingwater
07/28/2025 9:12 pm
|
|
Pillar of the Community
United States
5177 Posts |
People need to learn that markets are not linear but cyclical.
|
|
Pillar of the Community
Canada
5391 Posts |
If you ever have to resort to barter with gold or silver ,
the world will so messed up it simply will not matter.
It is a huge fallacy that is not supported by fact that gold or silver
will bail you out. Your ability to use a fire arm or acquire food , water
will be far more important .
In North America , never going to happen .
Buy a piece of property in a good location , acquire solid dividend
stocks , or simply invest in the SP500 and live a normal happy life .
Any more than 5 per cent of a portfolio in PMs is a mugs game.
|
|
Pillar of the Community
United States
2049 Posts |
Quote:
You can pick any two periods of time and it will show the stock market did better than gold or vise versa. The last two years gold has done much better than stocks. I don't think most stackers consider gold an investment, it's a store of value to preserve wealth compared to the deflating fiat dollar. Long term national debt is crippling this nation. The US is paying more interest on the debt than the entire military budget and getting worse. Eventually the government will have to increase taxes, cut benefits or just keep printing more money adding to inflation. The central banks have been buying gold in record amounts to shore up their portfolios.
I enjoy and buy/hold silver/gold. It's value out of the banking system and government. Here's two good reasons to hold silver/gold, I plan on passing it on to my daugher who also likes it. And though unlikely, if ever a SHTF comes, I can't access my electronic money, I can use it to barter.
From 1970 to 2019 gold went up 3,743%, the Dow went up 3,184%. Adding dividends stocks probably did better but it's risky to invest only in stocks in my opinion. Well said and glad to see someone gets it. It's naive to think a fiat currency collapse will never happen in the US. It may not happen in our lifetimes, but every fiat currency in history has eventually collapsed. Why are Central Banks acquiring and holding gold at the levels they are today? Certainly they can be smarter or know more than a few random people on a coin forum, right? |
|
Pillar of the Community
United States
2213 Posts |
It's not a fallacy to consider silver/gold as one tool in SHTF. Of course, food, water, shelter, land, ammo should be the priorities.
About a dozen states have passed laws to allow silver/gold value as legal tender and likely more will follow.
My financial advisor recommends 5%-10% portfolio in gold. I'm not suggesting to sell all your stocks to buy gold. For me, it's more fun holding a gold buffalo in hand than just looking at a quarterly mutual funds report.
Every great kingdom/empire/nation has lost power. Not in my lifetime, but the USA could decay with an unpopular weak currency someday, goodbye much of the middle class.
Edited by livingwater
07/29/2025 09:32 am
|
| |
Replies: 33 / Views: 2,976 |
First Page
Posted 06/14/2025 04:40 am
