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DeeTee · 7 June 2017, 04:17 PM

I'm curious in how you guys feel about going strong on gold positions right now. It's high at the moment, and it doesn't seem like any reason why it wouldn't keep going up.

corn18 · 7 June 2017, 07:53 PM

I stopped trying to time the market. I really suck at it. I'm a Boglehead now.

superdog · 7 June 2017, 08:24 PM

I guarantee you; the moment I buy it, it'll drop.

So I'll help out all the speculators/prospectors and not buy any gold.

MonBK · 7 June 2017, 08:28 PM

Quote:

Originally Posted by superdog

I guarantee you; the moment I buy it, it'll drop.

So I'll help out all the speculators/prospectors and not buy any gold.

Please help me Seth, buy some gold.

THC · 7 June 2017, 08:34 PM

Bitcoin, baby.... supposed to be 10k by year end...

But agree, Gold is safer and should keep going up

77T · 7 June 2017, 09:21 PM

As the dollar falls, the price of gold rises so if you feel that will be a future trend then $1300/oz. could become $2000. But you can pick from several smart gold investing choices vs. physical ownership. And each of those has different investment attributes.
I am not buying gold at this point and have noticed that buying/holding under appreciated equities in the S&P (low P/E) in a 5 year cycle has way more upside than commodities like gold, silver, etc.

Runnin' Rebel · 7 June 2017, 09:45 PM

Silver

corn18 · 7 June 2017, 09:59 PM

Gold looks like a weird investment.

jhilly8982 · 7 June 2017, 10:45 PM

Quote:

Originally Posted by 77T

As the dollar falls, the price of gold rises so if you feel that will be a future trend then $1300/oz. could become $2000. But you can pick from several smart gold investing choices vs. physical ownership. And each of those has different investment attributes.
I am not buying gold at this point and have noticed that buying/holding under appreciated equities in the S&P (low P/E) in a 5 year cycle has way more upside than commodities like gold, silver, etc.

You can't compare the returns of S&P and Gold as it isn't a one vs. the other situation. Gold is an inflation tracker (similar to Rolex watches) and in times of crisis it goes up. Same with US Treasuries, return won't yield the same as equities because it is the safest, least risky asset to invest in.

Heff · 7 June 2017, 10:56 PM

Quote:

Originally Posted by corn18

I stopped trying to time the market. I really suck at it. I'm a Boglehead now.

+1

Best way to do it.

Sent from my iPhone using Tapatalk

Rolex addict · 7 June 2017, 11:01 PM

Quote:

Originally Posted by Runnin' Rebel

Silver

Ding, ding, ding. Winner, winner, chicken dinner.

brandrea · 7 June 2017, 11:06 PM

Quote:

Originally Posted by jhilly8982

You can't compare the returns of S&P and Gold as it isn't a one vs. the other situation. Gold is an inflation tracker (similar to Rolex watches) and in times of crisis it goes up. Same with US Treasuries, return won't yield the same as equities because it is the safest, least risky asset to invest in.

You can look at it on an absolute basis however:

http://awealthofcommonsense.com/2015...-gold-returns/

rabdal897 · 7 June 2017, 11:20 PM

I've been tempted but I get the feeling that as soon as I step in, it's going to drop so I'll just watch from the sidelines.

Cobain · 7 June 2017, 11:40 PM

Quote:

Originally Posted by corn18

Gold looks like a weird investment.

wow back in the days when dollar = gold

damn banks.

Casey VP-26 · 7 June 2017, 11:46 PM

Answer to your question, NO. I am done buying, I started buying @ $321.00. Good Luck.

jhilly8982 · 7 June 2017, 11:53 PM

Quote:

Originally Posted by brandrea

You can look at it on an absolute basis however:

http://awealthofcommonsense.com/2015...-gold-returns/

This is a good perspective. I agree it is cyclical as well. It also provides a piece of mind and is fun to purchase and have. Must like watches!

piratepress · 8 June 2017, 02:25 AM

If Gold were to bottom out at $1,000 I might pick some up, but now is the time to hold if you have any, and hope it continues to go up!

beshannon · 8 June 2017, 03:14 AM

No reason to be buying with low growth and no inflation

breitlings · 8 June 2017, 03:33 AM

It's a safe haven. Should go up to 1800 imho.

jschmidtdmd · 8 June 2017, 03:35 AM

IMO silver is the call right now.

I do still see gold going up though.

beshannon · 8 June 2017, 03:52 AM

Quote:

Originally Posted by breitlings

It's a safe haven. Should go up to 1800 imho.

Safe from what?

KDS777 · 8 June 2017, 04:29 AM

I buy physical gold and silver regularily. Have been for 10 years. Don't really worry about the price too much, just buy it and put it away.

I don't buy it for investment, but for security.

breitlings · 8 June 2017, 04:35 AM

Quote:

Originally Posted by beshannon

Safe from what?

Gold is often referred to as a safe haven. Please see source below:

http://www.investopedia.com/terms/s/...-layout-no-ads

tritium8 · 8 June 2017, 05:01 AM

Lithium, baby!

Albemarle - ALB

HL65 · 8 June 2017, 05:04 AM

Been more focused on stainless steel these days versus gold.

Oh and a bit of titanium too.

TheRolexKingofLV · 8 June 2017, 05:20 AM

Quote:

Originally Posted by HL65

Been more focused on stainless steel these days versus gold.

You and me both Ken!

MonBK · 8 June 2017, 05:35 AM

Quote:

Originally Posted by KDS777

I buy physical gold and silver regularily. Have been for 10 years. Don't really worry about the price too much, just buy it and put it away.

I don't buy it for investment, but for security.

Same here.

Fredrik · 8 June 2017, 05:46 AM

Quote:

Originally Posted by Runnin' Rebel

Silver

I thought silver was going to tank as soon as Iran started offloading its large surplus of it now that the sanctions has been lifted?

I know there were some talk a while ago about silver investors in the USA pressing onto European countries to continue the sanctions because of this.

BBL · 8 June 2017, 06:14 AM

Quote:

Originally Posted by MonBK

Same here.

Hahahaa, Mon - would you give me a "gold" tour of your treasure, just so I can touch it, just touch it, nothing else....

Maybe it will bring me 'good luck'!

MonBK · 8 June 2017, 06:30 AM

Quote:

Originally Posted by BBL

Hahahaa, Mon - would you give me a "gold" tour of your treasure, just so I can touch it, just touch it, nothing else....

Maybe it will bring me 'good luck'!

Swing by and you can pick up a couple of bars.

7 June 2017, 04:17 PM	#1
DeeTee "TRF" Member Join Date: Dec 2014 Location: Los Angeles Watch: Netflix Posts: 3,977	Gold is near 1300 right now, are you buying? I'm curious in how you guys feel about going strong on gold positions right now. It's high at the moment, and it doesn't seem like any reason why it wouldn't keep going up.

7 June 2017, 08:24 PM	#3
superdog "TRF" Member Join Date: Oct 2011 Real Name: Seth Location: nj Watch: Omega Posts: 24,856	I guarantee you; the moment I buy it, it'll drop. So I'll help out all the speculators/prospectors and not buy any gold. __________________ If happiness is a state of mind, why look anywhere else for it? IG: gsmotorclub IG: thesawcollection (Both mostly just car stuff)

7 June 2017, 09:21 PM	#6
77T 2025 Pledge Member Join Date: Dec 2010 Real Name: PaulG Location: Georgia Posts: 42,307	As the dollar falls, the price of gold rises so if you feel that will be a future trend then $1300/oz. could become $2000. But you can pick from several smart gold investing choices vs. physical ownership. And each of those has different investment attributes. I am not buying gold at this point and have noticed that buying/holding under appreciated equities in the S&P (low P/E) in a 5 year cycle has way more upside than commodities like gold, silver, etc. __________________ Does anyone really know what time it is?

7 June 2017, 09:45 PM	#7
Runnin' Rebel "TRF" Member Join Date: Jan 2010 Real Name: Mark Location: 🤔 Posts: 8,424	Silver __________________ ♛

8 June 2017, 03:14 AM	#18
beshannon "TRF" Member Join Date: Jun 2009 Real Name: Brian Location: Northern Virginia Watch: One of Not Many Posts: 17,892	No reason to be buying with low growth and no inflation __________________ IWC Portugieser 7 Day, Omega Seamaster SMP300m, Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Breitling Superocean Steelfish, JLC Atmos Transparent Clock

7 June 2017, 07:53 PM	#2
corn18 Banned Join Date: Oct 2016 Real Name: Tom Location: Planet Earth Posts: 284	I stopped trying to time the market. I really suck at it. I'm a Boglehead now.

7 June 2017, 08:34 PM	#5
THC 2025 Pledge Member Join Date: Jun 2013 Real Name: Tom Location: Mandeville La Watch: 126333 Posts: 10,697	Bitcoin, baby.... supposed to be 10k by year end... But agree, Gold is safer and should keep going up

7 June 2017, 09:59 PM	#8
corn18 Banned Join Date: Oct 2016 Real Name: Tom Location: Planet Earth Posts: 284	Gold looks like a weird investment.

7 June 2017, 11:20 PM	#13
rabdal897 "TRF" Member Join Date: Jun 2017 Real Name: Randal Stevens Location: London, UK Watch: Submariner Ceramic Posts: 45	I've been tempted but I get the feeling that as soon as I step in, it's going to drop so I'll just watch from the sidelines.

7 June 2017, 11:46 PM	#15
Casey VP-26 "TRF" Member Join Date: Jun 2009 Location: America Posts: 2,730	Answer to your question, NO. I am done buying, I started buying @ $321.00. Good Luck.

8 June 2017, 02:25 AM	#17
piratepress "TRF" Member Join Date: Mar 2016 Location: Mobile, AL Watch: BLNR Posts: 748	If Gold were to bottom out at $1,000 I might pick some up, but now is the time to hold if you have any, and hope it continues to go up!

8 June 2017, 03:33 AM	#19
breitlings Banned Join Date: Jul 2014 Location: Bethesda Watch: Apple TV Posts: 5,736	It's a safe haven. Should go up to 1800 imho.

8 June 2017, 03:35 AM	#20
jschmidtdmd "TRF" Member Join Date: Jan 2010 Real Name: John Location: Denver Posts: 2,294	IMO silver is the call right now. I do still see gold going up though. __________________ Watches!

8 June 2017, 04:29 AM	#22
KDS777 Banned Join Date: Jan 2017 Location: YYC-GIG Watch: 16618LB Posts: 675	I buy physical gold and silver regularily. Have been for 10 years. Don't really worry about the price too much, just buy it and put it away. I don't buy it for investment, but for security.

8 June 2017, 05:01 AM	#24
tritium8 "TRF" Member Join Date: Jun 2015 Real Name: N8 Location: L.A. Watch: 216570 Posts: 1,745	Lithium, baby! Albemarle - ALB

8 June 2017, 05:04 AM	#25
HL65 TRF Moderator & 2024 SubLV41 Patron Join Date: Dec 2007 Real Name: Ken Location: SW Florida Watch: One on my wrist. Posts: 64,183	Been more focused on stainless steel these days versus gold. Oh and a bit of titanium too. __________________ *SPEM SUCCESSUS ALIT*

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