Author Topic: Precious Metals  (Read 260939 times)

vand

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Re: Precious Metals
« Reply #850 on: January 02, 2023, 03:37:45 AM »
Well the fact that a corrupt government made it illegal to hold gold during an era where wealth confiscation was conducted in plain sight- and thus eliminating 50 years of data from the modern record - is more of a argument to hold some than not ,some would say.

Why is the government's capability to easily confiscate an asset (and precedent for having done so in the past) an argument for owning that asset?

If anything it seems like that history should be an argument against putting too much of your wealth where previous precedent for government seizure exists.

Taxes and inflation perform the same function now in an elastic monetary system.

vand

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Re: Precious Metals
« Reply #851 on: December 02, 2023, 04:32:56 AM »
Gold broke new all time highs yesterday.
No one noticed.

2Birds1Stone

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Re: Precious Metals
« Reply #852 on: December 02, 2023, 04:59:31 PM »
Gold broke new all time highs yesterday.
No one noticed.

Yes, let's pretend inflation isn't a thing.

vand

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Re: Precious Metals
« Reply #853 on: December 03, 2023, 05:05:15 AM »
Gold broke new all time highs yesterday.
No one noticed.

Yes, let's pretend inflation isn't a thing.

It's definitely a thing.. but let's just pretend you can print more gold.

waltworks

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Re: Precious Metals
« Reply #854 on: December 03, 2023, 07:34:09 AM »
Gold broke new all time highs yesterday.
No one noticed.

Yep, the kids these days just care about bitcoin.

You can't snuggle up to a bunch of ones and zeros, or bask in their warm golden glow. Or bury them by the big tree in the holler. Pfah.

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ChpBstrd

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Re: Precious Metals
« Reply #855 on: December 04, 2023, 10:56:20 AM »
I think when the inflation of 2021 broke out, everyone piled into housing more than gold because you can leverage your housing down payment 10:1 or 20:1 but there are no US-government-subsidized mortgages on gold.

I mean, GLD is up 13% YTD but the people putting down 3% or 6% on houses that were appreciating at a double digit pace were earning a much bigger premium on inflation, even after paying PMI.

vand

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Re: Precious Metals
« Reply #856 on: May 18, 2024, 01:00:53 AM »
What's the definition of a bubble?  A bull market where you don't have a position..

Gold new all time weekly high close at $2416
Silver highest close since 2013 at $31.50





waltworks

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Re: Precious Metals
« Reply #857 on: May 18, 2024, 06:19:14 AM »
Gold was like $415 20 years ago when I started investing, so a 9% annual return, not shabby!

S&P was 10%, though.

-W

vand

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Re: Precious Metals
« Reply #858 on: May 20, 2024, 03:47:51 AM »
Gold was like $415 20 years ago when I started investing, so a 9% annual return, not shabby!

S&P was 10%, though.

-W

according to portfoliocharts, 20yr return to end of apr 2024

US Total Stock Market 9.74%
Gold 8.31%
US Total Bond Market 2.71%

It baffles me why anyone would want to own any combination of Stock/Bonds in preference to the equivilent in Stocks/Gold - if you still think bonds are the automatic go-to as a secondary asset then you need to reexamine your beliefs.

Pensioncraft/Portfoliocharts interview worth a listen - before you listen, have a guess at what percentage gold allocation the optimum backtested global portfolio has (for drawdown)?

https://many-happy-returns.captivate.fm/episode/building-a-bulletproof-retirement-portfolio


WayDownSouth

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Re: Precious Metals
« Reply #859 on: May 29, 2024, 06:43:51 PM »
Gold is too expensive to buy right now IMPO but if you're going to do it, do it right, buy physical, and bury it.

Learn how to seal PVC tubes to be 100% waterproof and use a posthole digger. Put the top end of the pipe no more than 4 feet below the surface in a area that has historically never flooded.

Even if you have to flee the country, you can always come back and retrieve that gold, 1, 3, or 10 years later. DO NOT rely on GPS or something stupid to use as a marker, and bury it ONLY in an area where you are 99.999% sure will never be developed. You should divide the whole by 5 and bury in 5 different spots. Knowing where to dig here is key. Away from homes, away from low-flying aircraft, and preferably in a forested area that provides cover but it unlikely to burn or be disrupted.