Whats up with gold

jamey

Joined: Jul 28, 2006

Posts: 40,533

User Profile Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

3:47p, 7/23/26

AG

China buying like they want to back the yuan with gold. Then they're banning paper gold from its citizens starting tomorrow

Short term with less paper gold demand the price goes down?

Then gold eventually gets repriced to physical gold without games being played with multiple paper gold backing the same bar?

Whats the future look like. I may start buying pretty soon

Good idea, bad idea?

3

4 edits

TTUArmy

Joined: Oct 9, 2007

Posts: 9,353

User Profile Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

7:27a, 7/24/26

I'm not sure keeping retail traders from trading the paper PM market will move the price much one way or another. Having some physical precious metals on-hand is always nice though. Buy it and throw it in a safe, then hope you never have to use it.

2

jamey

Joined: Jul 28, 2006

Posts: 40,533

User Profile Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

9:53a, 7/24/26

AG

I started buying with my first lot purchase. I wanted gold under 4K today is close enough

I'm hoping it comes down to $3500, possibly lower but I'm just gonna DCA as/if it comes down

For me this is a long term play like bitcoin and don't plan to sell for decades

4

fulshearAg96

Joined: Jan 15, 2010

Posts: 3,087

User Profile Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

11:44a, 7/25/26

AG

Serious question - Why would someone invest in Golf vs. say QQQ index fund? Longer term it looks like index funds can be the clear winner... Is gold less volatile? More possible upside? Recession proof? I don't know the answer so just curious what the experts think. Thanks

AggieT

Joined: Oct 10, 2006

Posts: 6,673

User Profile

Private Message

Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

In reply to fulshearAg96 • 12:44p, 7/25/26

AG

$40 trillion in debt with no end in sight.

1

YouBet

Joined: Jan 9, 2001

Posts: 80,417

User Profile

Private Message

Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

In reply to fulshearAg96 • 12:57p, 7/25/26

AG

fulshearAg96 said:
Serious question - Why would someone invest in Golf vs. say QQQ index fund? Longer term it looks like index funds can be the clear winner... Is gold less volatile? More possible upside? Recession proof? I don't know the answer so just curious what the experts think. Thanks

Depends on if you think history will hold form. Gold can't touch stocks over the long haul. It's a good hedge during periods of high inflation (>6-7%).

The difference now is our debt and utter lack of caring to address it, so with that in mind there is a good chance we see more periods of high inflation going forward.

We have a new normal of 3-4% (getting back to 2% is fantasy IMO), so how does that translate into what's considered high going forward if that's the new normal? I don't know.

1

jamey

Joined: Jul 28, 2006

Posts: 40,533

User Profile Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

In reply to fulshearAg96 • 1:26p, 7/25/26

AG

fulshearAg96 said:
Serious question - Why would someone invest in Golf vs. say QQQ index fund? Longer term it looks like index funds can be the clear winner... Is gold less volatile? More possible upside? Recession proof? I don't know the answer so just curious what the experts think. Thanks

I'm allocating about 6% to the debasement trade, gold and bitcoin, cypto in general. I guess its a lot more than that if you count the mortgage. The Rs and Ds are going to spend till it breaks

The other 94% is in index funds.

1

2 edits