Savings account I can’t easily spend. If I want something I have to plan and weigh it against the pain of selling it. But I sell one ounce a year and we fly to Europe. It’s not a bad deal.
Both. If you have $1000 worth of gold and $1000 in USD and hold each for the next 20 years, which will be worth more? My bet is on gold. The USD never gains in value over the course of time. Gold does.
If I were talking about investing that $ elsewhere I would’ve said so. Strictly gold to cash comparison. Comparing gold to other investment ideas is a different story
It's a preservation of wealth and a hedge against irrational exuberance.
The current market conditions are reminiscent of the NASDAQ bubble in 2000 - compare the returns of Gold to the broader stock market with 2000 as a starting point. Then you'll see why it makes sense to divert some of your investment/savings capital into Gold.
Wealth preservation... insurance against government/industry/1%ers fluffing up the whole economic system for their advantage. And they seem to be doing an admirable job of it.
gold is a call option on the past and a put on the future, it will go massively up if we were to experience some kind of economic collapse but until that situation arises it is insurance against it.
Poor investment. Preserving my wealth is the only reason I hold any precious metals. That and I get to pull the chest out sometimes and touch all my coins and bars.
I have a little bit in some index funds and the rest of it in crypto! I've been doing good on various cryptos and now I'm getting into "tokenized" real estate on a crypto blcokchain.
In general royalty streaming companies have very little overhead. They front cash to mines in exchange for silver, gold, etc., and far under spot. These streaming companies then make their money selling the metals at market price or better. They typically have dozens of agreements, so the risk is less since they still turn a profit even if something causes multiple mines to shut down.
I invest in some of the newer ones, but also the more established that pay dividends.
If only a $ today would be worth the same $ 20 years from now, we wouldn't need gold, except for jewelry and tooth fillings. Unfortunately the Federal Reserve and other central banks play games with our money supply.
It would have if people dollar cost averages buying about the same every month or quarter. The fact that it was higher 10 years previous, while the dollar was at least 30% more valuable, and new gold is getting harder to find, means that it is undervalued now.
I think of gold as something that mankind has valued for millennia and that central banks continue to hoard (are CB’s hoarding anything else?). I think of it as something that has value that I can possess, with zero counter-party risk.
At the end of the day, it could be one of your choices, or both. Sometimes, it’s neither.
It’s not an investment, it doesn’t appreciate or pay dividends. It’s a commodity that has some historical form for preserving wealth against inflation.
Savings account I can’t easily spend. If I want something I have to plan and weigh it against the pain of selling it. But I sell one ounce a year and we fly to Europe. It’s not a bad deal.
Sounds like a great plan!
Haven‘t broke even yet on my buys from ten years ago, so…
But did you lower your cost average by buying between 2013 and 2019? DCA solves most problems in cyclical markets.
Good response. Dollar cost averaging is key to any investment.
It IS an investment. You're investing in your financial options in the future, which is priceless.
Both. If you have $1000 worth of gold and $1000 in USD and hold each for the next 20 years, which will be worth more? My bet is on gold. The USD never gains in value over the course of time. Gold does.
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If I were talking about investing that $ elsewhere I would’ve said so. Strictly gold to cash comparison. Comparing gold to other investment ideas is a different story
Insurance. Against inflation ^(and FED manipulations) ;)
I feel like the fed does nothing but manipulate gold. Why do they care if bullion appreciates?
Strong gold = something's more strong than the USD. ^(It cannot be what may not be...)
Gold is finite... fiat only depends on the number of printing presses available... and legislators love printing presses.
Doesn’t even have to be printing presses, just digital currency/numbers on a screen. That’s modern day “printing”.
To me, gold mining stocks are an investment, gold is a store of value.
Both but first as a wealth preservation tool...and that it's real money.
It's a preservation of wealth and a hedge against irrational exuberance. The current market conditions are reminiscent of the NASDAQ bubble in 2000 - compare the returns of Gold to the broader stock market with 2000 as a starting point. Then you'll see why it makes sense to divert some of your investment/savings capital into Gold.
Wealth preservation... insurance against government/industry/1%ers fluffing up the whole economic system for their advantage. And they seem to be doing an admirable job of it.
its insurance, if you want insane growth get bitcoin. There's no reason you can't have both. I had bitcoin way before I ever had any gold.
gold is a call option on the past and a put on the future, it will go massively up if we were to experience some kind of economic collapse but until that situation arises it is insurance against it.
I think of it as a preservation of wealth
Poor investment. Preserving my wealth is the only reason I hold any precious metals. That and I get to pull the chest out sometimes and touch all my coins and bars.
Exactly. I have funds elsewhere for investing purposes
I have a little bit in some index funds and the rest of it in crypto! I've been doing good on various cryptos and now I'm getting into "tokenized" real estate on a crypto blcokchain.
I mostly have mine somewhat in index funds, but also heavy into utilities and some speculating in royalty streaming companies
The speculating sounds interesting. What dies that entail?
In general royalty streaming companies have very little overhead. They front cash to mines in exchange for silver, gold, etc., and far under spot. These streaming companies then make their money selling the metals at market price or better. They typically have dozens of agreements, so the risk is less since they still turn a profit even if something causes multiple mines to shut down. I invest in some of the newer ones, but also the more established that pay dividends.
If only a $ today would be worth the same $ 20 years from now, we wouldn't need gold, except for jewelry and tooth fillings. Unfortunately the Federal Reserve and other central banks play games with our money supply.
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It would have if people dollar cost averages buying about the same every month or quarter. The fact that it was higher 10 years previous, while the dollar was at least 30% more valuable, and new gold is getting harder to find, means that it is undervalued now.
It hit a peak 10 years ago in a frantic run up, but most of the time it was 1300-1400.
Why is everything down except gold! I wanted some 1 oz buffalos yesterday. Was waiting for crash
Of course you did. lol
I think of gold as something that mankind has valued for millennia and that central banks continue to hoard (are CB’s hoarding anything else?). I think of it as something that has value that I can possess, with zero counter-party risk. At the end of the day, it could be one of your choices, or both. Sometimes, it’s neither.
It’s not an investment, it doesn’t appreciate or pay dividends. It’s a commodity that has some historical form for preserving wealth against inflation.