Discussion in 'Bullion Investing' started by masterswimmer, Mar 8, 2019.
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Yep, if gold is going up sharply, unpleasant things are happening. Owning gold can make some of those unpleasant things more bearable, but not all.
Exactly!!! its too easy for a scammer to get some china fakes and swap them with your real bullion and then claim yours are fake.
Selling on Ebay, HELL NO!!!
In the mid-1980s, I had $4000 to invest. (Thanks, Mom and Dad.)
Inflation-adjusted, that $4000 was equivalent in buying power to about $9500 today. (If you think the government has been lying to us about "real" inflation, it might have been more today.)
At that time, gold had fallen back 50% from its previous all-time high. I could've bought 10 ounces with the money I had to invest. Instead, I bought Washington Mutual American Fund Class A, despite the 5% front-load. And I left it there, even when it lost 33% in 2008.
The gold would have been worth over $18000 in 2011, but it shed close to 33% in 2013, and it's been sideways since, worth close to $13000 today.
The AWSHX is a bit above $70K.
That rich man could buy a car -- but gold wasn't what made him rich.
Exactly. We buy insurance policies to help when things go bad, but don't wish for our homes to burn, cars to crash, loved ones to become ill. When gold goes up, we're losing the purchasing power of our currency, someone is getting their nuclear bombs warmed up, etc.
wouldnt be smart, my portfolio includes Gold, Palladium , Platinum and
Silver, just look at what palladium has done in just the past year ! and
Then Platinum which has really flattened out, i am actually going to buy
More APE,S as i think it is near the bottom and can only move up
Not sure what your asset mix is, but I'm not looking to go much heavier in PM's. I've been accumulating for a long time now. I think I'm all set with the preservation of wealth in case of an economic disaster.
So we moved some of my common stocks around and moved about 250K
Over to Bonds, so i have about a 25% hedge against the other 45% which
Is invested more aggressively and then 30% in PM,S (Futures and physical)
Look up dividend aristocrats.
There's nothing at all wrong with buying 1/10th oz coins, I still buy them if the premium isn't too high! I actually started out buying the little guys, it's a good way to grow the way I see it.
Another cool thing you might want to check in to if your not already involved
In is revenue or interest streaming, right now at about 8.35%
I have adjusted up to 10.25% with a yearly average of 9.15% and since
My bonds are tax free, the realized income will be closer to 9.75%
So you do have to get in there and mix things up a bit every once in awhile
I like the 1/10 OZ size as well, Platinum APE,S are about $140 now, a little
Cheaper out to $138 i have found, AGE,S are similar in price, but the
Gold is discounted in comparison to the Platinum, but still think there is
A real upside in the market.
What happens when we print to much money or inflation rears up with a 22tr dept?
Our faithful public servants will figure something to get us out of that jam...
Did you know one of the first instances of political lobbying happened way back in the 1800s when politicians were convinced to start minting Morgan Dollars ( which the public largely had no desire for ). They were bribed I mean convinced by lobbyists for the silver industry because there was so much silver from the Comstock lode that they couldn't give it away. Today all that silver still exists in one form or another along with another 88,000,000,000 approximate ounces that have been mined since. Silver is about as rare as buttholes
Well, I won't argue with you in your area of expertise.
Thanks. Coffee just came out of my nose...
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