Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Is it time to sell gold at $1340 per ounce?
>
Reply to Thread
Message:
<p>[QUOTE="medoraman, post: 3382647, member: 26302"]Yeah...its never that simple. For any precious metal to only retain value, it has to go up as much as inflation plus carrying cost. This is excluding the buy/sell spread. So, for most people, it has to it has to go up inflation+1%+1% being conservative. So today that would mean it has to go up like 4-5% a year to only break even. Looking back and saying I could have bought in 1990 for $300, (just making up numbers, I do not recall the actual price then), and adjusting for only 5% growth, that would give you $1234 today. No one got rich buying gold for the investment return.</p><p><br /></p><p>PM is INSURANCE. It is not an investment. THe money you lose holding it versus investments is the money you pay for the "oh crud, this country is going to heck, I need portable wealth to get the heck out of here" risk. Short of that, its pretty, my wife loves jewelry made from it, and some cool coins were made out of it. As a standalone investment, it really is garbage long term. Its fine to hold short term, and many of us are either in retirement or nearing it, so that has some value.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 3382647, member: 26302"]Yeah...its never that simple. For any precious metal to only retain value, it has to go up as much as inflation plus carrying cost. This is excluding the buy/sell spread. So, for most people, it has to it has to go up inflation+1%+1% being conservative. So today that would mean it has to go up like 4-5% a year to only break even. Looking back and saying I could have bought in 1990 for $300, (just making up numbers, I do not recall the actual price then), and adjusting for only 5% growth, that would give you $1234 today. No one got rich buying gold for the investment return. PM is INSURANCE. It is not an investment. THe money you lose holding it versus investments is the money you pay for the "oh crud, this country is going to heck, I need portable wealth to get the heck out of here" risk. Short of that, its pretty, my wife loves jewelry made from it, and some cool coins were made out of it. As a standalone investment, it really is garbage long term. Its fine to hold short term, and many of us are either in retirement or nearing it, so that has some value.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Is it time to sell gold at $1340 per ounce?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...