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Started By
Message
re: Gold now over $2700/oz.
Posted on 9/29/24 at 10:18 am to SloaneRanger
Posted on 9/29/24 at 10:18 am to SloaneRanger
I bought $75,000 in gold coins that is closer to $100,000 now. Didn’t expect any growth at all so this run has been nice. I have a silver ETF that is up almost 30%. Surprisingly my mining stocks haven’t done much but maybe they’ll pop later.
Diversify your stocks and bonds, bitches.
Diversify your stocks and bonds, bitches.
1
Posted on 9/29/24 at 7:34 pm to Drizzt
quote:
Surprisingly my mining stocks haven’t done much but maybe they’ll pop later.
The junior miners definitely have the biggest delta and most room to run up in the near term. I find them much harder to pick in today’s economy because of the high energy costs. If a more pro-energy administration emerges, the juniors should experience really great growth.
My stock selection for the 2024 MT stock picking contest was AEM (Agnico Eagle Mining) and has fared well so far, …. up 49.8% over last 12 months.
Lower fuel costs will help all miners that are reasonably capitalized, IMO.
Posted on 9/30/24 at 10:33 am to FAT SEXY
quote:
I get that, I'm just saying that we view it as something different than how we view equities.
A historical review of world governments taking action to ban private ownership of certain asset classes easily reveals which ones they fear the most. And gold leads the list, because it isn’t fake money like fiat.
Posted on 9/30/24 at 4:01 pm to SDVTiger
quote:
SDVTiger
Why are you always such a clown in this board?
Posted on 10/4/24 at 4:46 pm to cadillacattack
quote:
Lots of discussion about “investment “ in this thread ….. no discussion about risk. Tsk, tsk, tsk ….. There was a good thread in 2023 on Money Talk called “Physical Gold” that I wish would get bumped …. very thorough discussion on the reasons why gold should be represented in every diversified portfolio. An easy, standup double with ducks on the pond.
Gold has a higher standard deviation than stocks over the past 50 years.
Posted on 10/5/24 at 8:14 am to Joshjrn
It is now and likely always will be the best hedge against market turmoil.
We have always kept roughly 25% of our portfolio in gold and silver and will continue to do so.
We have always kept roughly 25% of our portfolio in gold and silver and will continue to do so.
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