Baccy Posted July 31, 2020 Share Posted July 31, 2020 Anyone into precious metals investing? Gold is hitting records highs and inching closer and closer to the $2k mark every day. I have a few gold coins and piles of silver I just wish I had been ballsy enough to go all in back when gold was under $1k/oz... I would be sitting pretty right about now? Oh well, you live and you learn! Link to comment Share on other sites More sharing options...
Fuzz Posted July 31, 2020 Share Posted July 31, 2020 Head out with a metal detector and do some prospecting. Link to comment Share on other sites More sharing options...
Baccy Posted July 31, 2020 Author Share Posted July 31, 2020 3 minutes ago, Fuzz said: Head out with a metal detector and do some prospecting. I love using a metal detector, good times... Link to comment Share on other sites More sharing options...
Markspring1978 Posted July 31, 2020 Share Posted July 31, 2020 I moved about 40% of my portfolio into metals about a month ago, it has worked out well. 3 Link to comment Share on other sites More sharing options...
BrightonCorgi Posted July 31, 2020 Share Posted July 31, 2020 1 hour ago, Markspring1978 said: I moved about 40% of my portfolio into metals about a month ago, it has worked out well. Which products or services do you recommend? I read some of them are high commissions on the buy and sell. Link to comment Share on other sites More sharing options...
TBird55 Posted July 31, 2020 Share Posted July 31, 2020 Thought about gold 5 months ago, but didn't act. Went all cash last Dec., at 3% guaranteed. I know I have missed the highs and lows, plan to stay right where I am, at least until this virus is under control. Link to comment Share on other sites More sharing options...
Bram Smoker Posted July 31, 2020 Share Posted July 31, 2020 The last time gold was below $1k/oz was like 2010, wasn't it? I mean it was $270/oz when I was in high school. Wish I skipped college and dumped all my money in gold then. Link to comment Share on other sites More sharing options...
Baccy Posted July 31, 2020 Author Share Posted July 31, 2020 4 hours ago, Bram Smoker said: The last time gold was below $1k/oz was like 2010, wasn't it? I mean it was $270/oz when I was in high school. Wish I skipped college and dumped all my money in gold then. Actually you're right. It didn't dip below 1k but back in late 2015- early 16 the spot price was very close to 1k, I think it bottomed out at around $1050/oz... I just remember thinking that gold would never rebound again. Boy was I wrong! 1 Link to comment Share on other sites More sharing options...
Bram Smoker Posted August 1, 2020 Share Posted August 1, 2020 I'm more of an oil man myself. Link to comment Share on other sites More sharing options...
Markspring1978 Posted August 1, 2020 Share Posted August 1, 2020 11 hours ago, BrightonCorgi said: Which products or services do you recommend? I read some of them are high commissions on the buy and sell. Strictly ETFs. Ones like GLD, AGQ, and GDX. The gold/silver ratio is still out of whack. I think silver is a better option than chasing gold, at the moment. 2 Link to comment Share on other sites More sharing options...
cigcars Posted August 1, 2020 Share Posted August 1, 2020 On 7/30/2020 at 11:07 PM, Baccy said: I love using a metal detector, good times... Well best of luck to you in that metal detector search: if you find gold, silver, etc. let the rest of us know so we can have renewed inspiration. Every single metal detector user we've ever seen has found only lug nuts, rusty nails, tin can lids, etc. Link to comment Share on other sites More sharing options...
Str8BlkCoffee Posted August 1, 2020 Share Posted August 1, 2020 2 hours ago, cigcars said: Well best of luck to you in that metal detector search: if you find gold, silver, etc. let the rest of us know so we can have renewed inspiration. Every single metal detector user we've ever seen has found only lug nuts, rusty nails, tin can lids, etc. And tabs, tabs, a few more tabs, can slaw...you have to dig it all to find the hidden goods. I never really found much of anything but clad coin. It is still fun 1 Link to comment Share on other sites More sharing options...
BrightonCorgi Posted August 1, 2020 Share Posted August 1, 2020 10 hours ago, Markspring1978 said: Strictly ETFs. Ones like GLD, AGQ, and GDX. The gold/silver ratio is still out of whack. I think silver is a better option than chasing gold, at the moment. I made a good return on GLD in the early 2000's. I think I sold it around 2003? Was thinking of that stock again, but will look at the others mentioned! Thanks. Link to comment Share on other sites More sharing options...
Markspring1978 Posted August 1, 2020 Share Posted August 1, 2020 1 hour ago, BrightonCorgi said: I made a good return on GLD in the early 2000's. I think I sold it around 2003? Was thinking of that stock again, but will look at the others mentioned! Thanks. You just have to be really careful and use stops with the triple leveraged funds like AGQ. Link to comment Share on other sites More sharing options...
Fuzz Posted August 2, 2020 Share Posted August 2, 2020 You guys are all nuts. Everyone knows the real money is in FCOJ. Link to comment Share on other sites More sharing options...
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