Gold and Silver

Freepuka

I’m a total noob but a friend told me I should throw 10% of my portfolio into actual gold and silver as insurance.

Thoughts?

AtomicPiss

@vadawg?

UW_Doog_Bot

What's the rest of your portfolio look like? How averse to risk are you? What is your portfolio goal? How liquid do you want to be? Gold or gold etf's?

Lots to unpack.

HoustonHusky

UW_Doog_Bot said:

What's the rest of your portfolio look like? How averse to risk are you? What is your portfolio goal? How liquid do you want to be? Gold or gold etf's?

Lots to unpack.

This, but Gold right now isn't a bad investment. Everything is going up because of money printing...I'm betting Gold will hit $3,000 by the end of 2021. But same thing driving that will drive lots of other things higher as well.

RaceBannon

https://youtu.be/vD1rtRdF3Vc

PurpleThrobber

HoustonHusky said:

UW_Doog_Bot said:

What's the rest of your portfolio look like? How averse to risk are you? What is your portfolio goal? How liquid do you want to be? Gold or gold etf's?

Lots to unpack.

This, but Gold right now isn't a bad investment. Everything is going up because of money printing...I'm betting Gold will hit $3,000 by the end of 2021. But same thing driving that will drive lots of other things higher as well.

It's not going to take that long.

Stay the fuck away from oil.

greenblood

I have bought a little silver over the last few years. I always recommend getting the physical stuff, rather than going with the stock/certificate route. I think up to 100 physical ounces is fine, then after that I'd switch to gold. But I definitely would not make this my only route. In my opinion, gold and silver should not be an investment driver, it should be looked as more of a diversification tool and a fail safe if the economy tanks. Gold and Silver will always have some value, other investments can go to zero.

FireCohen

Yeah try nugt lol triple levered gold etf

MikeDamone

No.

Real estate is where it's at

HoustonHusky

MikeDamone said:

No.

Real estate is where it's at

Real estate blows in Texas...lots of land and it’s the primary method of taxation here on the local and state level. But I agree it’s going to appreciate the same way...all hard assets will.

ntxduck

FireCohen said:

Yeah try nugt lol triple levered gold etf

Jnug life

Freepuka

UW_Doog_Bot said:

What's the rest of your portfolio look like? How averse to risk are you? What is your portfolio goal? How liquid do you want to be? Gold or gold etf's?

Lots to unpack.

I have about $131k in various retirements, $20k in brokerage accounts, $9k in crypto, and $100k in the bank. I’m 33.

I would be fine with ETF’s but my friend who may or may not be a little anxious about the market says 10% in physical gold and/or silver.

Freepuka

MikeDamone said:

No.

Real estate is where it's at

Residential or commercial? I’m a loan officer so I agree to a certain point. Residential real estate is just expensive and the ROI on rentals is too minimal right now unless you get a smoking deal.

greenblood

Freepuka said:

MikeDamone said:

No.

Real estate is where it's at

Residential or commercial? I’m a loan officer so I agree to a certain point. Residential real estate is just expensive and the ROI on rentals is too minimal right now unless you get a smoking deal.

The changing landlord laws make residential real estate investment less and less appealing. All it takes is one bad tenant, to ruin everything you have worked hard for.

Woof

Freepuka said:

UW_Doog_Bot said:

What's the rest of your portfolio look like? How averse to risk are you? What is your portfolio goal? How liquid do you want to be? Gold or gold etf's?

Lots to unpack.

I have about $131k in various retirements, $20k in brokerage accounts, $9k in crypto, and $100k in the bank. I’m 33.

I would be fine with ETF’s but my friend who may or may not be a little anxious about the market says 10% in physical gold and/or silver.

Why do you have that much cash in the bank? Keep only 3-6 months of expenses in short-term liquid reserves. If you're that worried about volatility, buy treasuries or muni bonds and at least make a couple %. I would just dump it in a market index if it were me.

Gold is fine, but I'm a little more skeptical than others around here on its potential.

1to392831weretaken

My broker suggests more like 100% into silver and gold.

pawz

MikeDamone said:

No.

Real estate is where it's at

No. With unemployment insurance ending and 28M people immanently out on the street, the landlords won't be gettin their scratch either. All of it's going back to the banks. Then to the courthouse steps. Then to he retail market.

For perspective, 8M were kicked out in the street in '08.

We?re so fucked.

doogie

UW_Doog_Bot said:

What's the rest of your portfolio look like? How averse to risk are you? What is your portfolio goal? How liquid do you want to be? Gold or gold etf's?

Lots to unpack.

Paper isn’t Gold

BleachedAnusDawg

1to392831weretaken said:

My broker suggests more like 100% into silver and gold.

HOF post.

Freepuka

So the consensus is there’s no consensus. I’ve never considered it until recently but I want some alternative to diversify.

The American dollar is so fucked. There will be hyperinflation. The Fed will keep printing money. Shit, they can’t print is as fast as they are promising to spend it at this point.

pawz

HoustonHusky said:

UW_Doog_Bot said:

What's the rest of your portfolio look like? How averse to risk are you? What is your portfolio goal? How liquid do you want to be? Gold or gold etf's?

Lots to unpack.

This, but Gold right now isn't a bad investment. Everything is going up because of money printing...I'm betting Gold will hit $3,000 by the end of 2021. But same thing driving that will drive lots of other things higher as well.

https://www.msn.com/en-us/news/markets/gold-rising-to-dollar4000-an-ounce-would-not-be-an-unreasonable-move-fund-manager-says/ar-BB17EoXa