Unfortunately every bit of PM gain is diminished and overshadowed by the loss to millions of 401-k's.
EXACTLY! I'd rather have status quo on the PM prices and avert the disaster. My 401-k is exceedingly more important to my retirement than my minuscule PM hedge.
Maybe a couple nukes could go off and PMs would really go up. Or tens of thousands of deaths. Be careful what you wish for.
And then what? Do you sell, locking in a 100% gain (assuming you bought at 1500), or do you hold on for $4K? $8K? What if it drops back to $2K? Even today, with markets down 3% or more, I'm happier holding dividend and growth producers than inert metal. (I am happy to be holding some of the latter, of course.)
Ask me Wednesday November 4th. Agreed, but if the market falls 57-83% as I recently wrote (hoping to get on CNBC or FBC to discuss), the dividend yields won't help you. And I can tell you some great stuff about "hanging on" after 1929 and how it worked out great but most people have problems holding on for a few weeks or months, let alone a decade or more.
Well, they'll certainly decrease. Oh, you don't have to tell me, I'd be a child of wealth if Mom's parents hadn't been wiped out in the bank holiday. But it's been going on 90 years since that happened, millions have been born, lived, saved, retired, and died without ever seeing a big crash. That might be luck, or it might be that modern policies actually do help to keep crashes at bay...?
So you think this new virus has anything to do with the price of gold? Just wondering, over 300 dead in China? https://www.bbc.com/news/world-51611422
If gold is rising (or falling) because of politics, how are we supposed to reference it without mentioning the political issue or individual ?
If we can't talk about a topic without bringing in political contention (which I think is what the rule seeks to avoid), then we can't talk about the topic here. Yes, that curtails some discussion of numismatic topics. I've decided I much prefer a forum where politics and 10% of on-topic issues are off limits, because politics tends to completely consume any forum that doesn't exclude it. We've lost higher-profile posters than me who disagreed.
If political discussion is appealing the partisanlines.com forum has all a person could ever want. I am absolutely with you, Jeff. Keep my coins separate from bombshell topics. Even if it means we have to tip-toe around certain subjects.
Gold up to $1668 give or take a few bucks but still, if you're holding a little, that's enough to make you smile!
I'm with you. My gold won't be cashed in until after my demise anyway. And the factors that seem to be creating this chaos are rather chilling.
As mentioned, you don't, if you have to be more specific than just saying "due to politics" . if you mentioned your opinion of the individuals or government action, etc. You will have problems. If you favor someone for an office or action that is part of a political action group or even political slogans or avatars, you have problems. The owners are serious, so the staff is also. Many would hate to see friends 'disappear ' off the forum, but every 4 years it happens and everyone has been warned so much there is little sympathy for them as they have shown they will not cease claiming it's their "right", but this is a membership forum. Please be around in 2021, stay cool or well medicated, so we have no reasons. Jim
I'm of two minds about it, but if gold hits a peak in the next year or two, I'm hoping my demise does not coincide with it.
Gold is proving its value as a hedge with stocks and bonds both sailing south. That’s why it’s worth keeping around in the proper proportion.
Tomorrow is still another day to crash PM down again this week. The people who wish the market to stay at highest level for reasons we can't discuss will be dumping cash and incentives into to pump it back up and that drives PM back down. Who has the most cash?? PM principles and dealers , or Stock principles and skyhigh marketeers? IMO, Jim