With the federal reserve signaling three interest rate cuts, I expect gold to continue to rise in price in 2024. Keep in mind this is a seasonally strong time of year… with the Indian wedding season approaching and central banks around the world (China) increasing gold holdings
Gold prices rise to over $2000 U.S. per ounce
- Thread starter Harveyspector
- Start date
I'm sorry I never understood the point of owning gold...enlighten me.
Seems like every time you try to sell your gold, there's some lowballing asshole like Oliver Jewellery trying to screwing you over.
Seems like every time you try to sell your gold, there's some lowballing asshole like Oliver Jewellery trying to screwing you over.
cause it looks cool, lol , and people get that emotional attachment to something that is "real" and physical. but then theres potential storage costs and the hassle of physically handling it to sell. my guess is that the spread wont be good since you don't have peopl selling and buying gold left and right from institutions on a daily basis unlike stocks et sure you can cherry pick data where gold has outperformed equities, but over the long run stocks have outperformed ...plus way easier to sell . just buy the modern gold ..ie Bitcoin, lol |
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^Gold ETF / Gold Miners / Gold futures are not real gold...what the fuck do I know about some gold mine thousands of miles away...I don't have the time look into all these scammy mining companies, and gold futures is a derivative, which is pretty much gambling unless you're insider trading.
And gold bullion is not money...that's a time/money cost of selling them. The gold coin also somehow depends on how my local dealers feel about them? Seriously fuck all these guys, I'll never be subjected to their rules.
I think the point of that video is for that video maker to make money off suckers who watch those videos.
And gold bullion is not money...that's a time/money cost of selling them. The gold coin also somehow depends on how my local dealers feel about them? Seriously fuck all these guys, I'll never be subjected to their rules.
I think the point of that video is for that video maker to make money off suckers who watch those videos.
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Gold is good if you want a "guarantee". It will always hold value, and keep pace with inflation. This is because it is limited in supply and the demand will always be there for the metal.
However, it is a very poor long-term investment, as it only keeps pace with inflation. Over many years, due to compounding, stocks will rise exponentially more as an investment.
If you're an old man in a very unstable country, then it might be worth getting physical gold. Otherwise, just no.
However, it is a very poor long-term investment, as it only keeps pace with inflation. Over many years, due to compounding, stocks will rise exponentially more as an investment.
If you're an old man in a very unstable country, then it might be worth getting physical gold. Otherwise, just no.
Gold is not a long term investment. Gold is a long
term storage of value. If you have too much cash
to spare from investment parking a fraction of it in
gold is always a prudent move.
term storage of value. If you have too much cash
to spare from investment parking a fraction of it in
gold is always a prudent move.
I believe inclusion of physical gold and silver
in asset allocation has its merit. But I have to be crazy
to want it to outperform the broad market index.
No investors in their right mind would concentrate
their wealth in gold. I think an allocation of 5% to
bullion would be good enough.
My investment broker told me to liquidate my PAXG crypto which was based off gold stored somewhere. I don't trust anything which claims to back something by gold in a faraway vault.
For a company to trade in the stock market its financial results
would have to be audited by some external auditor. Reserves
of public natural resource companies like oil producers are
audited as well. I remember bullion storage of Central Fund of
Canada before its takeover were audited every year. Ditto other
public physical bullion funds I presume or no one would buy
their fund units.
would have to be audited by some external auditor. Reserves
of public natural resource companies like oil producers are
audited as well. I remember bullion storage of Central Fund of
Canada before its takeover were audited every year. Ditto other
public physical bullion funds I presume or no one would buy
their fund units.
Sounds like a rich people thing.
How would the average person have cash to spare with interest rate sky high...the average house price in Toronto is 1.2 million if you give me a suitcase of money I'd try to pay off my stupid mortgage rather than prudently buying a bunch of gold coins...
If Santa tonight deposits a gift of $1.2 million into
my chimney I will park $1 million of it in a high yield
money market fund with low restriction on withdrawal
on Wednesday. I will take my time to divest the money
into various dividend stocks when a good entry point
comes up. I will allocate may be $50,000 from the 0.2
million of spare cash to Sprott's physical gold and silver
trust funds. The rest will be spent on hobbying.
my chimney I will park $1 million of it in a high yield
money market fund with low restriction on withdrawal
on Wednesday. I will take my time to divest the money
into various dividend stocks when a good entry point
comes up. I will allocate may be $50,000 from the 0.2
million of spare cash to Sprott's physical gold and silver
trust funds. The rest will be spent on hobbying.
1.2 million would be invested by me as follows:
$600,000 in index funds (50/50 S&P and Nasdaq)
$200,000 in quality stocks (Microsoft, Google, Visa, Mastercard, Costco, etc...)
$200,000 in high-yield dividend stocks (TD, Pfizer, etc.) earning $1,000 a month in spending money
$50,000 in Bitcoin
$150,000 in REITS
$600,000 in index funds (50/50 S&P and Nasdaq)
$200,000 in quality stocks (Microsoft, Google, Visa, Mastercard, Costco, etc...)
$200,000 in high-yield dividend stocks (TD, Pfizer, etc.) earning $1,000 a month in spending money
$50,000 in Bitcoin
$150,000 in REITS
Yeah, gold is lousy long term performer. Franco Nevada is a rare execption(although not just gold and silver anymore,other royalty streams such as oil and gas)and it has come off quite a bit recently because of Cobre Panama.
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one way of looking at gold could be that
in 1934 an ounce of gold was $35.00 and you could get a decent suit for $35.00 in 1934
today an ounce of gold is about $2000.00 and you can get a decent suit for $2000.00 today
in 1934 an ounce of gold was $35.00 and you could get a decent suit for $35.00 in 1934
today an ounce of gold is about $2000.00 and you can get a decent suit for $2000.00 today
