Discussion in 'Bullion Investing' started by Randy Abercrombie, Apr 24, 2022.
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A couple months ago I was chatting with someone.
I did a spreadsheet for if I bought $20k in Gold vs just keeping $20k cash for the past 10 years.
For the $20k cash it included a $1k small C rated safe, so $19k in cash.
For the Gold it included approx premium for buying and selling plus annual SDB storage costs.
10 years ago, March 2012 gold was at a high of $1780 (or 11.24 oz). Oops .. arbitrary month/year.
But anyways after 10 years the cash was worth more after the bullion acquisition/liquidation costs by $800 and that was before selling the safe for an add'l $500.
Of course, it totally depends upon your buy/sell dates but for that example it was opposite what I was thinking. lol
polish up that crystal ball
of course I recall buying some gold in 1980 for about $800/oz
and again in 1985ish for about $350/oz if my memory serves me right.
all the time, my grand kids will make those decisions.
2012 1oz American Silver Eagles
$325 per roll
eating too much gold does that to one's brain ...
It had run up alot after the U.S./European debt crisis so it seemed logical that the price would drop bigtime once the crisis was over.
Could be coming back !
When gold moves up, it will move quick. A few hundred bucks in a week.
Yeah, through all the economic turbulence, the thing never has stopped being shiny.
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