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Gold strategy in the current economy


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Maybe one of the reasons they're doing this is because they can't afford a house... When I was 24 the thought of studying how to invest would have gone in one ear and out the other... The 24 year old I know, stays in and reads books on trading. Has a strategy and then backtests his theories on historical market data... I wouldn't have believed it either.

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2018 could be the year for gold https://www.goldmoney.com/research/goldmoney-insights/popular/2141-2018-could-be-the-year-for-gold

Always my experience as well, so I second your recommendation.

It's entirely  dependant on what you are comfortable with. And obviously how much you would need on hand in the effect of something seriously drastic happening.

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OK @warpig I take your word for it.

Schiff says those who tend to buy gold are conservative/Republican and he said his worst years have been under Trump because his supporters thought he would make things great again ...   Young people tend to be liberal and indoctrinate into fiat money. Indeed there are a few of on here.  The world started in 1913 according to them (when the Fed was created)  They like to claim to me there was no human  advances before this date when gold was money.

Edited by Warlord
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Clearly Schiff isn't connected to younger investors... all the young blokes at work are trading Crypto currencies as well... perhaps that's how they started learning about investing.

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1 minute ago, warpig said:

Maybe one of the reasons they're doing this is because they can't afford a house... When I was 24 the thought of studying how to invest would have gone in one ear and out the other... The 24 year old I know, stays in and reads books on trading. Has a strategy and then backtests his theories on historical market data... I wouldn't have believed it either.

Oh I can believe it. The one commodity they really want/need (housing) is out of reach and are having to go through this at the deep end and join the casino to have a chance. Sad state of affairs.

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1 minute ago, warpig said:

Clearly Schiff isn't connected to younger investors... all the young blokes at work are trading Crypto currencies as well... perhaps that's how they started learning about investing.

Schiff runs a gold company so he knows who is customers are and they aint youngsters they tend to be conservatives.They hoarded under Obama and stopped buying when Trump took office he said ... (2017)

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$1,200 stimulus cheque coming for the yanks. 

another boost for gold.

money printing needs to be exponential to have much of an effect, eventually inflation will go nuts.

for a long time nothing happens then suddenly it all happens all at once 

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25 minutes ago, jiltedjen said:

for a long time nothing happens then suddenly it all happens all at once 

That's the function of compound interest! If the world knows the US are getting another stimulus "check" then it may already be priced into the metal.

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1 minute ago, markyh said:

28% rise in 2020? Not bad, of course if you could have stomached a 43% COVID 19 drop in March, you could have invested in something that would have given you about a 55% return as of today.

,,,but it's much higher risk.

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Just now, warpig said:

,,,but it's much higher risk.

With risk, comes reward. I put £15166 or Gold direct related investments into my SIPP in 2010, today they are worth £14995 (just checked HL) .  Mainly because a lot of Gold miners are still under  water from 2010, one not tradable so worth "0", cost £1k. 

Put 2k into the "high risk" stuff in 2013/14 , was worth 100k in late 2017, now worth £47k today.  Added another 9k of the high risk stuff in 2018, via my SIPP , today is worth £15k. 

So flat from the safe stuff over a decade, has held value i guess, the risky stuff has gone up collectively 464%, in 7 years, so far.

No had a put all £15k gold into physical in 2010 (not possible with a HL SIPP) would have bought 22.5 t/oz , so worth £34k today, 127% , not to bad. 

Had I put the risky money into physical gold 2013 and 2018,  would have bought 12.35 T/oz of physical for my 11k ,  worth £18615. today, so 69% gain. 

Now my investing style is very, very lazy, Buy and HOLD, Boom or bust, and so far my "risky" investments have beejn less risky, and made me far far higher returns than GOLD investments, and Stocks , shares and equities. 

That only thing to come close to my Risky asset returns is my 6 Tesla shares bought 3 in 2014, and 3 in 2018, now up over 500% , but then you will most likely say Tesla is risky too.

I seem to do well with Risky. 

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43 minutes ago, markyh said:

With risk, comes reward. I put £15166 or Gold direct related investments into my SIPP in 2010, today they are worth £14995 (just checked HL) .  Mainly because a lot of Gold miners are still under  water from 2010, one not tradable so worth "0", cost £1k. 

Put 2k into the "high risk" stuff in 2013/14 , was worth 100k in late 2017, now worth £47k today.  Added another 9k of the high risk stuff in 2018, via my SIPP , today is worth £15k. 

So flat from the safe stuff over a decade, has held value i guess, the risky stuff has gone up collectively 464%, in 7 years, so far.

No had a put all £15k gold into physical in 2010 (not possible with a HL SIPP) would have bought 22.5 t/oz , so worth £34k today, 127% , not to bad. 

Had I put the risky money into physical gold 2013 and 2018,  would have bought 12.35 T/oz of physical for my 11k ,  worth £18615. today, so 69% gain. 

Now my investing style is very, very lazy, Buy and HOLD, Boom or bust, and so far my "risky" investments have beejn less risky, and made me far far higher returns than GOLD investments, and Stocks , shares and equities. 

That only thing to come close to my Risky asset returns is my 6 Tesla shares bought 3 in 2014, and 3 in 2018, now up over 500% , but then you will most likely say Tesla is risky too.

I seem to do well with Risky. 

Good post! ?

I'm not adverse to risk... but the riskier it is, like everyone else - the smaller my exposure. I like BTC, but I don't see it as a long term proposition... more of a punt. I almost bought/traded some in 2015, but lost the love and didn't pursue it. It feels late in the day for me... and if you compare your gains to Bear Creek over the last 4 months which are up 438%... it feels needlessly risky by comparison. I think the silver miners are where the action's at once we get a respectable pullback. If I had more disposable income I might still have a punt on BTC... maybe next year or if there's a major correction. Good portfolio!

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3 hours ago, warpig said:

It's off again... $1,955.15

there's some rumblings of bond funds rotating a bit of their holdings into PM's because the yield on bonds is now so abysmal.

 

 

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17 minutes ago, Roman Roady said:

Went to £1530 at about 2200 last night! Back down now.

image.thumb.png.c630a99fc502bc165d734fcef6f8289f.png

Just about to post similar.......!

I got $1963 @ 4-00......to $1934 @ 4-06....$29 in six minutes!....must check that....

How many physical ounces might that be?..... to shift a 'market' that much?

..........given that the paper/physical ratio's around 250 : 1.

Edited by cnick
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10 hours ago, markyh said:

28% rise in 2020? Not bad, of course if you could have stomached a 43% COVID 19 drop in March, you could have invested in something that would have given you about a 55% return as of today.

Since March low Marlborough Junior Gold up 160%...

Pullback expected now for several weeks

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46 minutes ago, Killer Bunny said:

Since March low Marlborough Junior Gold up 160%...

Pullback expected now for several weeks

 

But we can all play the "since March Lows" game, BTC gone from $3850 to $10850, 182%, except expecting further gains with no big pullback yet, when we do it will be 30-40%. 

But this fund is garbage long term , I should know, I put £3k into it in 2010, and since the peak in gold in 2011, it has been massively underwater ever since and still down 61% from when I invested.  A 61% loss over a decade in a Gold related fund!!! 

I would rather have Dogecoin than this rubbish.  Hopefully by the time i retire in 16 years time it will have turned a profit for my SIPP. 

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5 hours ago, oracle said:

there's some rumblings of bond funds rotating a bit of their holdings into PM's because the yield on bonds is now so abysmal.

 

 

If i had to guess its peps front running a repeat of the March sell offs come Thursday when the USA release their Q2 GDP figures, expected to be -35%.  So they are expecting another massive sell off across the board and for some reason don't want to hang about in cash?

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19 minutes ago, markyh said:

 

But we can all play the "since March Lows" game, BTC gone from $3850 to $10850, 182%, except expecting further gains with no big pullback yet, when we do it will be 30-40%. 

But this fund is garbage long term , I should know, I put £3k into it in 2010, and since the peak in gold in 2011, it has been massively underwater ever since and still down 61% from when I invested.  A 61% loss over a decade in a Gold related fund!!! 

I would rather have Dogecoin than this rubbish.  Hopefully by the time i retire in 16 years time it will have turned a profit for my SIPP. 

??? You bought near ATHs in Gold and it’s someone else’s fault.  ABSOLUTELY HILARIOUS. Stop invest bcos you have no idea.

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13 minutes ago, Killer Bunny said:

??? You bought near ATHs in Gold and it’s someone else’s fault.  ABSOLUTELY HILARIOUS. Stop invest bcos you have no idea.

Anyone who says in 2010 they "knew" the ATH in Gold was coming in 2011 is full of Shit. I put £65k into a SIPP in 2010, from CO-OP personal pensions, mostly contracted out SERPS , of that £65k, £15k went into Gold related stuff.  The £3k into Junior Gold Trust is the only one still underwater, except Norseman Gold which you cant trade anymore, still around but worth "0".

Anyway the aim of the Gold Holdings was a long term hedge against the £50k of equities collapsing in another 2008/9. And they have served their purpose, staying flat so far where as the £50k equities has gone to £110k (even with the recent crash) with just a buy and hold , reinvest divi's strategy.  

Pretty much completly lost interest in my SIPP since 2013 and i discovered Bitcoin and Crypto, see it as a legacy investment just to be monitored, not a way to make long term serious gainz, as my definition of serious gainz has changed from 10% p/a to 100%-1000% pa.

 

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4 hours ago, markyh said:

Anyone who says in 2010 they "knew" the ATH in Gold was coming in 2011 is full of Shit. 

 

I’m full of sh.. then bcos we sold 90% of our miners in Q4 2010, within 10% of miners’ highs.

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  • 418 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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