Discussion in 'Bullion Investing' started by Brian Calvert, Jun 18, 2019.
My bad Gold up $22 on the overnights silver now up 1 cent
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Gold still on the rise! https://www.kitco.com/charts/live
Back in mid 2013 I invested a lump $13k in a fund. It's only worth $30k+ today.
I wonder what it would be worth if it was in gold ?
Gold on 6/3/2013 was $1410 whereas on 6/21/2013 it was $1296 .. timing was still prevalent back then too. Guess I made the right choice.
Gold is still prettier ...
I say $1401.00 at 10:58am.
OK... I missed it. I am now trading PM futures and looking for clients.... Anyone??
??? I have referred to the ten period 2009 to 2019, I have never ever referred to 2000.
The S&P is up 327% during the last tens vs gold being up 44% during the last ten years.
Yeah you jumped in after everyone was already in, everyone knew Gold was a great buy, and it had already gone up 400% in the previous 5 years. You were late to the party and you missed out on most of the gains. Still doesn't change the fact that Gold has been the #1 asset this millennium (since 1-1-2000).
You have to buy before everyone else jumps in, like right now I would say platinum. Too funny I started a platinum thread and noons replies, but when it goes to $1500 everyone will be on board. Kind of like Gold now as Jeff says I'm "always heaping praise on Gold". Always by myself too. Now Gold up $150-$175 and all of a sudden everyone is Gold.
I sent my best buddy dealer a note today asking if he received the gold bullion order I placed last week..... He didn't bite.... Durnit.
Errr aahhh. . . you keep touting "2000" over and over and over. Good to know you wrote "the article. . . "
Good to know you fancy yourself the Platinum Whisperer.
"Now Gold up $150-$175 and all of a sudden everyone is Gold."
The year 2000 has absolutely nothing, nada, to do w/ my statements.
I never ever referenced 2000 except to remind you I'm referring to 2009.
S&P index is up >300% since May 2009. How much is gold up since May 2009? Hhmmm. . .
I think you mean WT drone?
Ah, 2000. A nice, round number. Let's do look at gold's price history.
Huh. 2000 also just happens to mark gold's lowest price (within a few tens of dollars) during the past 40 years. What a coincidental starting point to pick!
Of course, your return on gold from 2000 would be about the same as your return on gold from 1979, or 1985. In fact, you could pump up your annual return by starting from 2001 or 2002 instead of 2000. But that would look a bit too much like cherry-picking your start date, wouldn't it?
june 21, 2913 AU @ $1,296.37 oz AU 10 oz $12963.70
june 21 2019 AU @ $1,400.00 oz AU 10 oz $14,000.00
Gold increased in value about 8%
Gold increased dollar value $1036,
Mutual Fund increased - 130%
Mutual Fund increased dollar value - $17,000
Had you invested in gold in 2013 you would be down $15964.
Looks like you made the right choice to me.
I would make a small wager that you own ZERO gold.
Just being curious. What are your holdiing. Do us members own pounds, kilos, or just an ounce or two. Just curiously. Did anyone benefit like ten grand with this jump. Or might pocket couple hundred bucks with the jump from 12 to 13
@goldcollector Since, over the past couple of weeks, you must have made at least $100 on the gold you’re holding, as a gold collector, how about sending back the $115 I paid you for some silver a couple of years ago, that you never sent to me. Or are you waiting for that platinum ship to come in?
I’m guessing that you’ll keep ignoring me, like you have since you cashed that bank/cashier’s check.
I am sorry that happened to you. I have traded with quite a few first class folks here on CT. I have to wonder how folks like this can sleep nights.
The feeling is good when we see gold go up and we have a few ounces in our safe. However, we should really be hoping it goes down which would signify a peaceful situation on planet earth, and good buying power for the dollars we have. When we wish gold to go higher, we forget that we'll end up paying more for fuel, more for our next vehicle, more for everything else and that somewhere in the world countries are threatening to lob bombs at each other.
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