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29 November 2024, 05:47 AM | #31 |
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Up 29% the last year, in the early 2000s and there was a long stretch when gold beat Warren Buffet. It’s a pretty main stream position to have some of your assets in PMs.
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29 November 2024, 11:46 AM | #32 |
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“For the last 24 years, the S&P 500, with dividends reinvested, has risen by 572%.
Gold is up 990% for the same period with much less volatility. Gold ownership is like a hidden, well-guarded secret. Very few, not even professional investors, know that gold has gone up 1,000% or 11X in this century. Still, very few own gold, and even fewer are aware that gold fulfils the dual function of being both the ultimate protector and ultimate enhancer of your wealth. If you own gold, you never have to worry about the price. Because on your side stand governments and central banks who will always support gold by creating an endless amount of new money, thus expanding debt and the money supply. This guarantees the continuous debasement of paper money, directly reflected in the gold price.” “Gold is money, everything else is credit.” JP Morgan |
29 November 2024, 01:16 PM | #33 | |
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29 November 2024, 01:31 PM | #34 | |
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gold dropped 22% during an extremely brutal bear market in 2022 while the s&p dropped 27%, barely much of a difference. since both bottoms the s&p has outperformed it 72% to 61% it did hold up better in 2008 and the few weeks when banks were collapsing in 2023 though, but if you bought the top of the s&p in 2007 you still outperformed gold 280% to 230% in that same time, and 771% to 260% from both bottoms in 2008 so for many people investing with a 20-30 year outlook (i say 20-30 years because you brought up 24), there's no point in doing anything other than the S&P, and diversifying into gold just gives them a reason to worry about macroeconomics or geopolitical issues. i get the need to diversify when you're wealthy because you can't just have everything in an index or stocks but gold isn't really a wealth protector these days outside of black swan events like the covid crash, and on the upside it never outperforms the S&P also saying 24 years ago kinda implies buying the top of the dot com bubble no? |
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29 November 2024, 02:10 PM | #35 |
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It was just an article I saw that I thought was interesting. I wouldn’t have guessed gold did so well during a time frame the Dow quadrupled.
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29 November 2024, 02:12 PM | #36 | |
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in reality i think the only way to protect your wealth is through real estate |
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29 November 2024, 04:19 PM | #37 |
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29 November 2024, 06:54 PM | #38 |
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107g of 18kt in a 36mm daydate for reference which works out roughly $6,400
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29 November 2024, 07:25 PM | #39 | |
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Price of gold is sky high
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Actually, my financial advisor has me heavily invested in the stock market, but through the years, he has advised me to buy gold bars. Real gold, hard assets as he described, not an ETF. I was interested, but always perceived it to be a logistical challenge. Where do I get it, how do I transport it, where do I store it??? I didn’t want it shipped, but never did any in-depth research into it anyway to be totally honest. I know Costco recently started selling it, but they have significant limits in terms of how much you can buy to the point where it’s not even worth it. Sent from my iPhone using Tapatalk |
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29 November 2024, 08:59 PM | #40 |
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I think precious metal watches will be popular
I have paid attention that some sort of hype comes every now and then as to comes models, metals, colors and so on. Probably the time for gold watches is coming now.
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29 November 2024, 09:52 PM | #41 | |
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You can store $1,000,000 in gold in an average sized safety deposit box.
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29 November 2024, 09:58 PM | #42 |
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Delete
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29 November 2024, 10:05 PM | #43 | |
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29 November 2024, 10:35 PM | #44 |
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Right now platinum and silver are very cheap relative to gold. I just bought some from www.jmbullion.com , especially the lunar calendar series is a favourite of mine.
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29 November 2024, 10:53 PM | #45 | |
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Price of gold is sky high
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One of my friends is heavily invested in real estate. He also gets income from renting properties out. I took a different track. I picked the stock market. If I had to guess, I would say that over the last thirty years or so, I’m probably ahead. I don’t know that for sure, but I know the properties he has, and I know what he’s getting in terms of rent. Plus, I’m undoubtedly more liquid, and have a lot less headaches than he does. Sent from my iPhone using Tapatalk |
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29 November 2024, 11:07 PM | #46 | |
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29 November 2024, 11:15 PM | #47 | |
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29 November 2024, 11:24 PM | #48 | |
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Price of gold is sky high
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No, I’m comparing stock returns with the value of his properties. Again, I’m not sure. We never compare net worth. We’re definitely in the same ballpark, same lifestyle. That’s for sure. And in terms of liquidity, I’d rather be in my position. We do talk about that a lot. He often laments that all his wealth is tied up. He wants to sell some property off because of that. Sent from my iPhone using Tapatalk |
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29 November 2024, 11:31 PM | #49 |
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Gold and Sky, hmmm. what could this be about?
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29 November 2024, 11:37 PM | #50 | |
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Me, I’d rather own REIT’s and clip a dividend each month. I’ve looked at buying rental income property and for me, it just doesn’t make sense, but everyone’s situation is unique and different. I don’t think one is necessarily better than the other but I agree with @east of eden in that a diversified approach is best. Some gold, some stocks, some real estate. Last, I think for Joe average, if you own a home, you probably have enough real estate exposure |
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29 November 2024, 11:37 PM | #51 | |
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29 November 2024, 11:49 PM | #52 |
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29 November 2024, 11:50 PM | #53 | |
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29 November 2024, 11:53 PM | #54 |
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None of the following is investment advice, just musings.
At different points in history different assets or asset classes can claim having been the “right choice” through cherry picking time frames. There is also no “right” answer for everyone. Over extended time frames to today, 100% equity wins. So for the immortals among us, easy choice. For those with exceptional net worths (high 8 to 9+ figures) you may be best suited by a 90/10 approach (Buffett’s recommendation for his wife, who even after charitable giveaways would be in that category), with 10 being a bond mix. Otherwise my opinion (highly informed as it is, still just an opinion) is to diversify and tailor the specific mix to a host of factors, including age. Most financial advisors are not really savvy enough - just the reality of things - to do this correctly. So there are many who get burned when things turn south… As for gold, I first invested in 1999 and then cashed out for graduate school (to fund). But I make sure to keep a position - and well aware of returns over selected time frames. I do recall with amusement my discussion with my mentor (a Yale econ PhD who I ghost wrote papers for while in college), re: my gold holdings. How it was a mistake on my part given it is a non-productive asset, etc. I believe gold was around $320/oz at that time. There are many opinions on portfolio mix, many updated studies on optimal balances, and so on… but simplifying it - there are mental and financial yields, and sacrificing a bit on either side may make sense. |
30 November 2024, 02:37 AM | #55 | |
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If it’s something you are interested in I would recommend starting with some silver, get opinions and learn from that. One thing I have learned is that in the US I will no longer buy silver maples ( I will in Canada) or the European silver 1 oz coins. Only generic rounds or eagles. Also filling tubes of Franklin and Kennedy halves in 90% silver can be fun. |
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30 November 2024, 02:49 AM | #56 |
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5 - 7% up every year for the next 4 years at least.
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30 November 2024, 05:20 AM | #57 |
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Be a bankster, or a middleman for transactions and take a small bite of each transaction (i.e. Visa, MasterCard, PayPal, BTC tumbler / mixer, etc).
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30 November 2024, 05:37 AM | #58 |
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30 November 2024, 06:09 AM | #59 |
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30 November 2024, 06:53 AM | #60 |
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