It's amazing. The prognosticators said that if the result happened that happened, stocks would drop, bond yields would drop and PMs would go on a rally. Totally backwards from what happened the past 3 days. Moral of the story: We can decide how to handle our own investments at least as well as the so-called pros, many of whom lost their shirts on margin calls Thursday.
I just locked in a couple gold bars @ 1244ea ozt delivered. Nice part about being on the sidelines is having liquidity. Although I was really hoping to see the market tumble (sorry y'all, but I was). It may still falter under its own weight now, but at least the election bubble is behind us.
That's a good price. You go secondary market? I think I'm holding for now. At least until a rate hike or the beginning of the year, which ever comes first.
I bought JM via Ebay. Actually cheaper than on their site, and I got to process via CC - which gives me cash back. Net / net I'm right around melt/spot all in on this buy. I'm ready to double down if it drops again, but I think with all the political change that's been happening, I'd expect the other countries to start buying fear soon.
At least my mistake was a "no win" by not stepping into the hot water. No losses other than metals I already had.
Yeah, ebay's apmex and JM are always a 'go to' for me. When im looking for gold bullion, I default to the tried and true Kruggerand .
You should read the prospectus on any of the Ultra ETNs. They are debt instruments, and even the issuer of the note doesn't necessarily invest in the underlying tracking asset. The ultras are designed for intraday trading, not interday trading. If you're using it for a long-term asset, you're doing yourself a great disfavor.
Thanks for jumping in. I tried to point that out earlier but basically got told I didn't know what I was talking about.
In case you didn't notice, it's also from May, June, July, August, September, and October. It is still 2016, isn't it? <runs off to check> Yes. Rats.