Investing General Discussion

Haus

Haus

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tugofpeace said:
Nope, that's been my experience as well. I bought silver back in 2021 and had to wait until just last year to sell it breakeven because of this issue.

I imagine this goes away if you buy the ticker for gold but you don't physically own it.. it becomes something like crypto at that point.
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At that point you're buying what "real" gold and silver bugs would call "Paper Gold" or "Paper Silver". Because it's not the asset but rather an abstraction of it. But also those same people believe the physical asset is king because it's the one thing that would endure a wholescale financial world collapse (which would mean no more stock market and your "owned shares" just become imaginary things on paper).
 
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Rangoth

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For once I am with Blazin Blazin in that I am sitting on the sidelines here. We could stay green up 560$ or even 572$ ish(next MA resistances). It's also been a fairly moderate move up which gives it some weight. Volume has picked up a bit since we were trading in a line from basically dec24 - mid feb

I'll still try to make my small daily bets to ride whatever direction momentum exists, but otherwise I am going to wait and if we look like we are hitting a wall I'll go back to some long puts on stuff, otherwise its call buying time.

TSLA continues to amaze me, but it's also hitting the 200MA resistance line.

Now insert random tweet to crash or rocket the market. Maybe another one of those fake news stories.
 
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Jysin

Jysin

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Bullish?

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Jysin

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basically every stat of our manufacturing activity is bad.

Collapsing activity, collapsing new orders, shipments from positive to negative, prices paid for materials way up (inflation).
 
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Jysin

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Gravel said:
So hard to tell anymore. Could say it's bad economic news, so market goes down.

Alternatively, bad economy means Fed more likely to reduce rates, so market goes up.
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Prices paid show inflation is here (and likely to surge massively if China tariffs remain in place)

Hard to cut in those circumstances.
 
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Arden

Arden

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tugofpeace said:
Nope, that's been my experience as well. I bought silver back in 2021 and had to wait until just last year to sell it breakeven because of this issue.

I imagine this goes away if you buy the ticker for gold but you don't physically own it.. it becomes something like crypto at that point.
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I personally bought sgol. Obviously not the same thing as having the gold in your bedroom closet, but at least it's backed with actual Swiss gold.
 
Sanrith Descartes

Sanrith Descartes

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Arden said:
I personally bought sgol. Obviously not the same thing as having the gold in your bedroom closet, but at least it's backed with actual Swiss gold.
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As it was explained to me, if you aren't holding the physical gold then what do you do if the economy collapses and you want to swap your certificate for the actual metal and they go... Sorry, no can do.

This is why you hold the gold yourself.
 
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Arden

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Sanrith Descartes said:
As it was explained to me, if you aren't holding the physical gold then what do you do if the economy collapses and you want to swap your certificate for the actual metal and they go... Sorry, no can do.

This is why you hold the gold yourself.
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Yeah I know. I'm not expecting to be able to swap my certificates at any point for physical gold tbh.

I didn't invest in gold because I expect the world to end. I invested in it because I expect it to go up in price.
 
Kithani

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Sanrith Descartes said:
As it was explained to me, if you aren't holding the physical gold then what do you do if the economy collapses and you want to swap your certificate for the actual metal and they go... Sorry, no can do.

This is why you hold the gold yourself.
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I mean if the economy collapses would the plan be to trade your physical gold for bread and cheese?

Seems like you’d be better off investing in ammo.
 
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Jysin

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Kithani said:
I mean if the economy collapses would the plan be to trade your physical gold for bread and cheese?

Seems like you’d be better off investing in ammo.
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This an accurate take. If we are in a world where the Gold ETFs are worthless, we are also in a world where lead bullets > gold.

Not hyperbole.
 
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Arden

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Jysin said:
This an accurate take. If we are in a world where the Gold ETFs are worthless, we are also in a world where lead bullets > gold.

Not hyperbole.
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Yeah I have "apocalypse" investments but they don't include gold.

In a true collapse we would almost certainly be in a food/raw materials barter system for long time before we got back to a gold as a store of value scenario. And we would have to get through a period a pure chaos before we could even get to a stable barter system.

Basically, your best bet is to pray we don't get a true collapse.
 
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