Gold & Silver Stacking

A $1 investment in Phillip Morris in 1920 is now over a million dollars.

Quote: SOOPOO

Quote: Gandler

Quote: fleaswatter

Are you really this financially clueless?

silver up approx 200%

gold up approx 70%

S&P up approx 17%

Yes, now do the same for 50 years.

One abnormally good year for gold does not make it a good investment.

LOL. LOL. LOL.

YOU asked the question about 2025. Flea answered YOUR question. Now that you don’t like the answer, you change the question?!?

As for your new question, no one can tell for sure. I don’t see the intrinsic value of a metal going up, especially with increased mining as it does! But I’ve been wrong about it in the past. Just like I’ve been wrong about bitcoin. I think my portfolio is around 0.2% in gold.

You assume I was being disagreeable because I asked a question? I don't know the answer. Nor do I not like the answer.


And, I wasn't asking about 50 years in the future, but the past, presumably somebody can tell.

I am not sure your position on Bitcoin, so I don't know if you agree or not. I think Crypto period is scammy when sold as an investment, it's fine when it is used as a utility/currency, but it should never be looked at as an investment, only purchase it if you need it for a transaction and get it back into USD ASAP.

Gold & Silver are long term hedges against a deflating USD and other Fiat Currencies. The days of putting green ink on paper and thinking it will buy the same amount of goods five or ten tears down the road are over. Hard assets like real estate, commodities & precious metals in my opinion replace a big chunk of the bond allocation in a diversified portfolio.. To each his own I suppose, but with $38T in US Debt, going to $50T this decade, seems crazy to be holding on to long term dollar denominated CD’s & US Treasuries for assets not allocated to growth or income producing equities. Menawhile, Silver over $94 & Gold pushing thru $4700.

Quote: odiousgambit

I have owned gold when it stayed in the doldrums for years, it was miserable. Miraculously it started going up just as I was about to sell it all. It continued to go up and I loved it of course, but I didn't make up for the bad years for a long time

congratulations for investing in the current gold rush. I will truly praise you to the skies when you tell me the best time to get out. You'll also be able to sell books like hotcakes

Inter day Reversal=medium term top today. We likely pause and back fill from today's $105/$5030 levels. Gold at $6,000, silver to $150 are my 2026 targets. Sell "trades", sold half of a silver miner today, but the physical stack purchased over the last five years is a hold. Too much profit, it's now a legacy asset.

Quote: N17

Inter day Reversal=medium term top today. We likely pause and back fill from today's $105/$5030 levels. Gold at $6,000, silver to $150 are my 2026 targets. Sell "trades", sold half of a silver miner today, but the physical stack purchased over the last five years is a hold. Too much profit, it's now a legacy asset.

OK

I'm not going to tell anyone to sell, though I have sold some ... but it's time to quit buying for sure

Quote: odiousgambit

OK

I'm not going to tell anyone to sell, though I have sold some ... but it's time to quit buying for sure

“For sure”? Probably? Maybe? Perhaps?

NO WAY “for sure”. I would have said ‘for sure’ at $3000. Then repeated such at $4000. I’m not selling my stake in GLD. But would not be stunned if it keeps going up. I’ll use the word ‘surprised’.

Are you holding any physical metal or just ETF/paper gold? I have some of both, but the physical stack is larger by a factor of 8X. The ETF is a current momentum trade. The stack is a long term hedge against the USD debasement. I didn't believe anyone when I was younger and the talk of the US dollar losing reserve currency status, now I am convinced it will happen in the next 10-15 years.

I have a coin collection with quite a few (hundred?) silver dollars. No gold. Other than two rings and one watch.

I’m generally against using precious metals, or crypto, as investments. My one Gold ETF has of course done quite well last few years.

Quote: SOOPOO

I have a coin collection with quite a few (hundred?) silver dollars. No gold. Other than two rings and one watch.

I’m generally against using precious metals, or crypto, as investments. My one Gold ETF has of course done quite well last few years.

A post with you where I fully agree.


Both (metals and crypto) are not meant to be investments, they are meant as commodities or utilities. A lot of people miss the forest for the trees on this general issue.

I posted this above, Gold over the last 20 years is up 11%+ annually & S&P 500 over the last 20 years is up 7-8% annually
Both seem to have been solid investments over that timeframe as part of a diversified portfolio.