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Dec 30th, 2023
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 Gold
#14132348
09/17/21 01:40 AM
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Joined: Jan 2003
Posts: 83,934
Pilothawk
OP
Pumpkin Head
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OP
Pumpkin Head
Joined: Jan 2003
Posts: 83,934 |
Met with new money guy yesterday.
He suggested I give consideration to picking up a bit of gold. Said market is overvalued and getting worse while gold might be a little undervalued.
How many hold gold…and what kind of percentage?
KANSAS JAYHAWK BASKETBALL - Where tradition comes from ![[Linked Image]](http://www.funstuff.ku.edu/ui/images/buddyicons/1943jayhawk.gif) 2008 NATIONAL BASKETBALL CHAMPIONS-ORANGE BOWL CHAMPIONS 2008 52 Conf Champs /5 Nat'l Champs
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Re: Gold
[Re: Pilothawk]
#14132354
09/17/21 01:43 AM
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Joined: Jan 2013
Posts: 1,864
SlabWhisperer
Extreme Angler
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Extreme Angler
Joined: Jan 2013
Posts: 1,864 |
Gold dropped over $40 an ounce today... all metals are manipulated...
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Re: Gold
[Re: Pilothawk]
#14132373
09/17/21 02:04 AM
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Joined: May 2002
Posts: 6,130
JCG57
TFF Celebrity
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TFF Celebrity
Joined: May 2002
Posts: 6,130 |
I suspect that a lot of the hedge investment dollars that would have gone to gold in the past are now going into crypto.
Last edited by JCG57; 09/17/21 02:14 AM.
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Re: Gold
[Re: Pilothawk]
#14132384
09/17/21 02:18 AM
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Joined: Sep 2005
Posts: 28,117
Uncle Zeek
aka "Mom"
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aka "Mom"
Joined: Sep 2005
Posts: 28,117 |
I do. Physical metal, preferably mint state pre-1933 US coins. But I'll happily buy circulated coins, modern bullion, etc.
Gold and silver are about 15% of my savings.
"Decency is not news; it is buried in the obituaries --but it is a force stronger than crime" ~ Robert A. Heinlein
Artim Law Firm, PLLC
Estate planning & tax attorney AND 07/02 FFL
2250 Morriss Road, Suite 205, Flower Mound, Texas 75028
972-746-0758 mobile
zac@artimlegal.com
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Re: Gold
[Re: Pilothawk]
#14132449
09/17/21 03:58 AM
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Joined: Apr 2008
Posts: 12,349
PaulGrapevine
TFF Guru
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TFF Guru
Joined: Apr 2008
Posts: 12,349 |
Some gold but mainly silver. Zac is one of the ones that helped me get into it years ago. It’s a very small fraction of me overall holdings. I should probably get it to 10% or so.
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Re: Gold
[Re: Pilothawk]
#14132454
09/17/21 04:05 AM
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Joined: Jan 2010
Posts: 20,148
Emit R Detsaw
TFF Guru
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TFF Guru
Joined: Jan 2010
Posts: 20,148 |
Got a bunch of Krugerrands that were left to my wife when her father passed. Also a few viles of panned gold flakes and nuggets. Might have to cash them in some day, but mainly just a cool backup to have.
May you be treated the way you treat other people, today and everyday!
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Re: Gold
[Re: Pilothawk]
#14132458
09/17/21 04:12 AM
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Joined: Apr 2006
Posts: 26,737
outfishdya
TFF Guru
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TFF Guru
Joined: Apr 2006
Posts: 26,737 |
I need to look into some gold. The gun safe will look bad arz with some bling to it. I will probably do mint coins also.
Sometimes a bitter man trying to be a better man
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Re: Gold
[Re: SlabWhisperer]
#14132469
09/17/21 04:40 AM
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Joined: Nov 2014
Posts: 1,883
stuntmandave
Extreme Angler
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Extreme Angler
Joined: Nov 2014
Posts: 1,883 |
Gold dropped over $40 an ounce today... all metals are manipulated... Like the rest of the market...
Challenge Accepted. 1st ID 1/26 Infantry OEF XI ![[Linked Image]](http://i1171.photobucket.com/albums/r557/stuntmandave126/1-26_zpsz9yswmb5.gif)
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Re: Gold
[Re: Pilothawk]
#14132472
09/17/21 05:16 AM
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Joined: Apr 2020
Posts: 7,227
Darin S.
TFF Celebrity
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TFF Celebrity
Joined: Apr 2020
Posts: 7,227 |
I moved about 30% of my holdings to gold and silver when dipsheet took office. It’s been a little volatile but it’s performed okay. I was probably a little to early.
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Re: Gold
[Re: Pilothawk]
#14132580
09/17/21 12:35 PM
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Joined: Apr 2004
Posts: 14,805
Stump jumper
TFF Guru
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TFF Guru
Joined: Apr 2004
Posts: 14,805 |
I was in gold and silver last year. I made some good money and got out near the peak. I have been thinking about buying again but just read a forecast that was not favorable.
2200 Bay Champ/200 Mercury Optimax
2017 Tundra TSS 4x4 Crewmax 5.7L
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Re: Gold
[Re: Pilothawk]
#14132815
09/17/21 03:08 PM
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Joined: Nov 2008
Posts: 2,986
bigrebar
Extreme Angler
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Extreme Angler
Joined: Nov 2008
Posts: 2,986 |
I'm no investor by any means. Work for the man, max out 401K and IRA in mutual funds. For the long term, I just can't see the value in gold. Day trading, maybe I guess if you're into that. Charts are hard to read, I just did a quick search on gold and S&P 500 comparison and this was the first thing that came up. But in both of those charts you have lost value over 10 years in gold, and it get worse the longer you run it out. ![[Linked Image]](https://texasfishingforum.com/forums/pics/userpics/2021/09/full-34573-111337-stock_vs_gold_silver.jpg) ![[Linked Image]](https://texasfishingforum.com/forums/pics/userpics/2021/09/full-34573-111338-stock_vs_gold_silver_including_dividends.jpg)
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Re: Gold
[Re: Pilothawk]
#14132822
09/17/21 03:17 PM
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Joined: Jan 2003
Posts: 83,934
Pilothawk
OP
Pumpkin Head
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OP
Pumpkin Head
Joined: Jan 2003
Posts: 83,934 |
Food for thought… ![[Linked Image]](https://texasfishingforum.com/forums/pics/userpics/2021/09/full-2743-111342-2459e259_9892_4ec5_beca_cc1f0b114861.png)
KANSAS JAYHAWK BASKETBALL - Where tradition comes from 2008 NATIONAL BASKETBALL CHAMPIONS-ORANGE BOWL CHAMPIONS 2008 52 Conf Champs /5 Nat'l Champs
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Re: Gold
[Re: Pilothawk]
#14132930
09/17/21 04:12 PM
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Joined: May 2009
Posts: 11,007
Texan Til I Die
TFF Guru
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TFF Guru
Joined: May 2009
Posts: 11,007 |
Food for thought… That's pretty much my view on gold and silver. I'm not holding it expecting a big return. I'm holding it in case a worst case scenario market crash happens.
"If ever time should come, when vain and aspiring men shall possess the highest seats in Government, our country will stand in need of its experienced patriots to prevent its ruin." - Samuel Adams
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Re: Gold
[Re: Pilothawk]
#14132938
09/17/21 04:18 PM
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Joined: Jun 2005
Posts: 45,027
a777pilot
TFF Guru
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TFF Guru
Joined: Jun 2005
Posts: 45,027 |
If y'all are going to buy gold as a hedge against inflation, then do it smartly. Buy 99.9997% gold bars and hold it yourself.
Anyway else is just stupid! ....and very risky.
Look! Up in the sky. It's a bird. It's a plane. No, it's an EMP!
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Re: Gold
[Re: Pilothawk]
#14132949
09/17/21 04:22 PM
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Joined: Dec 2007
Posts: 17,830
bloo_rainger
TFF Guru
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TFF Guru
Joined: Dec 2007
Posts: 17,830 |
my experience tells me you aren't going to make money in the gold and silver market.
those charts show how the market went down but don't show the bounce back.
ALL HAIL TRUMP
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