Gold and Silver
Comments
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I have about $131k in various retirements, $20k in brokerage accounts, $9k in crypto, and $100k in the bank. I’m 33.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 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. -
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.MikeDamone said:No.
Real estate is where it's at -
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.Freepuka said:
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.MikeDamone said:No.
Real estate is where it's at -
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.Freepuka said:
I have about $131k in various retirements, $20k in brokerage accounts, $9k in crypto, and $100k in the bank. I’m 33.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 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.
Gold is fine, but I'm a little more skeptical than others around here on its potential. -
My broker suggests more like 100% into silver and gold.
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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.MikeDamone said:No.
Real estate is where it's at
For perspective, 8M were kicked out in the street in '08.
We?re so fucked. -
Paper isn’t GoldUW_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. -
HOF post.1to392831weretaken said:My broker suggests more like 100% into silver and gold.
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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. -
https://www.msn.com/en-us/news/markets/gold-rising-to-dollar4000-an-ounce-would-not-be-an-unreasonable-move-fund-manager-says/ar-BB17EoXaHoustonHusky said:
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.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.
