i sold almost all my holdings a few yrs back when it got up into the 40's for awhile besides a few ozs that had special meaning, but have started picking up a couple ozs back here and there. feel like getting back in under 20 an oz and willing to hold for awhile will be profitable. I stay away from premium coins and try to get generic bars/rounds without the premium
bought in gold at 550 circa 2006 and silver 12ish pretty heavy. i'm up good on those...all those "real silver" quarter rolls included. gold diversified with am eagles/maple leafs/krugerrands/suisse assay bars
but down on my etf buys (GLD/SLV) from around 2012
but down on my etf buys (GLD/SLV) from around 2012
Over-rated asset, you'd be way better off with stocks.
There is little use for gold beyond jewelry other than filling a vault with it.
Silver isn't a real key industrial essential either, no longer needed for photography. $50 / ounce in 1980, now about a third of that.
I'd prefer something that is actually useful like copper, but that is impractical to store in bulk.
Markup margins are reasonable on gold/silver bullion especially when compared against collectibles like rare coins, stamps, sports cards, etc.
It's still a losing battle with metals long-term, no dividends like a stock provides.
Silver was removed from US coins after 1964, they are roughly worth 10 x face value now for 90 percent "junk silver "
If you started hoarding silver coins say about 1970 or so when they still readily circulated but started to get harder to find, you would have a losing investment some 50 years later, you'd be kicking yourself for not selling in 1980 when the Hunt brothers tried to manipulate the market.
Things will never get so bad that only gold/ silver will be accepted as money, even if that did happen, you would be killed for just having it !
You would be better off buying lots of guns and ammo instead of metals if you are a survivalist sort.
There is little use for gold beyond jewelry other than filling a vault with it.
Silver isn't a real key industrial essential either, no longer needed for photography. $50 / ounce in 1980, now about a third of that.
I'd prefer something that is actually useful like copper, but that is impractical to store in bulk.
Markup margins are reasonable on gold/silver bullion especially when compared against collectibles like rare coins, stamps, sports cards, etc.
It's still a losing battle with metals long-term, no dividends like a stock provides.
Silver was removed from US coins after 1964, they are roughly worth 10 x face value now for 90 percent "junk silver "
If you started hoarding silver coins say about 1970 or so when they still readily circulated but started to get harder to find, you would have a losing investment some 50 years later, you'd be kicking yourself for not selling in 1980 when the Hunt brothers tried to manipulate the market.
Things will never get so bad that only gold/ silver will be accepted as money, even if that did happen, you would be killed for just having it !
You would be better off buying lots of guns and ammo instead of metals if you are a survivalist sort.
Doug has done a good job of summarizing these physical
metal markets quite well. The only thing I’d add is that one
can replicate Physical gold/silver investments by using the
publically traded ETFs of GLD or SLV. They have certain
advantages and disadvantages over owning physical metals.
If one wanted to really gamble, using leverage then one can trade
on the chicago mercantile or use options on the ETFs
or Chicago. If one uses options or even using Chicago , you
Better Have great timing or the time premiums will eat you up.
Hope this helps.
metal markets quite well. The only thing I’d add is that one
can replicate Physical gold/silver investments by using the
publically traded ETFs of GLD or SLV. They have certain
advantages and disadvantages over owning physical metals.
If one wanted to really gamble, using leverage then one can trade
on the chicago mercantile or use options on the ETFs
or Chicago. If one uses options or even using Chicago , you
Better Have great timing or the time premiums will eat you up.
Hope this helps.
