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Gold and Silver
Freepuka
Member Posts: 21
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?
Thoughts?
Comments
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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.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.
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It's not going to take that long.HoustonHusky 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.
Stay the fuck away from oil.
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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.
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Yeah try nugt lol triple levered gold etf
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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.MikeDamone said:No.
Real estate is where it's at
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Jnug lifeFireCohen said:Yeah try nugt lol triple levered gold etf
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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.
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I laughed way too hard at this.1to392831weretaken said:My broker suggests more like 100% into silver and gold.
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You always make your money in real estate when you buy it.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 -
BleachedAnusDawg said:
HOF post.1to392831weretaken said:My broker suggests more like 100% into silver and gold.
I like to think you can tell who had a shit childhood by who didn't chin.Doogles said:I laughed way too hard at this.
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Lol no. Assets are good though. You don't need that much cash.Freepuka said: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.
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While anything is possible, is that likely to ever be the case? I'm trying to imagine a world where timber and mining assets, technology, biomedical, food, textiles, energy etc. etc. go to zero, and a hunk of metal becomes supremely valuable. If those things are at 0, gold is useless other than for making jewelry.greenblood said: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.
Otherwise, @HoustonHusky hit it: the things that will drive gold higher should drive other asset classes higher as well.
It's just another commodity. -
They're not making more of it, and you can use it, unlike a hunk of metal.MikeDamone said:No.
Real estate is where it's at
If you're looking for a natural hedge against inflation, timber is a good place because of organic growth. You're not going to hit a homerun with timber; it's a long play. But it's as close to a sure thing long play as there is. Plus, there is the underlying land ownership that goes with it. -
True. My uncle is in DWF and is a true Texas convert from the PNW. Loves it down there and is always trying to talk me into moving there to live in the gated golf community he calls home. It's tempting because I could sell my place in Seattle and by 2 and 1/2 places on a course each of which is bigger and nicer than my Seattle place.HoustonHusky said:
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.MikeDamone said:No.
Real estate is where it's at
But, the big catch is the proerty tax, which shocked the shit out of me. Texas hits you hard there. It's a huge number. About the only thing worse would be an income tax. -
Prop 13(capping property taxes and taking a super majority to overturn) is one of the lasting legacies of California as a red state. The dems are once again mounting an offensive on it this fall because obviously we need more money to pay teachers to sit at home.creepycoug said:
True. My uncle is in DWF and is a true Texas convert from the PNW. Loves it down there and is always trying to talk me into moving there to live in the gated golf community he calls home. It's tempting because I could sell my place in Seattle and by 2 and 1/2 places on a course each of which is bigger and nicer than my Seattle place.HoustonHusky said:
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.MikeDamone said:No.
Real estate is where it's at
But, the big catch is the proerty tax, which shocked the shit out of me. Texas hits you hard there. It's a huge number. About the only thing worse would be an income tax.
If they ever manage to overturn it I'll at least have the solace of knowing all these wealthy libs will end up paying through the teeth. -
We? are going to have to revisit our public school/teachers' union arrangement in this country eventually. It doesn't work. Paid hansomely relative to initial and ongoing input, and job security like few others, all to deliver a luke warm product.UW_Doog_Bot said:
Prop 13(capping property taxes and taking a super majority to overturn) is one of the lasting legacies of California as a red state. The dems are once again mounting an offensive on it this fall because obviously we need more money to pay teachers to sit at home.creepycoug said:
True. My uncle is in DWF and is a true Texas convert from the PNW. Loves it down there and is always trying to talk me into moving there to live in the gated golf community he calls home. It's tempting because I could sell my place in Seattle and by 2 and 1/2 places on a course each of which is bigger and nicer than my Seattle place.HoustonHusky said:
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.MikeDamone said:No.
Real estate is where it's at
But, the big catch is the proerty tax, which shocked the shit out of me. Texas hits you hard there. It's a huge number. About the only thing worse would be an income tax.
If they ever manage to overturn it I'll at least have the solace of knowing all these wealthy libs will end up paying through the teeth.
And the real bitch about property taxes is that there is no way to hide from it. There is no structure of which I'm aware that allows you to hide from it or lessen it. And, as we've discovered, the government will never give you a holiday from it either. There was not one single peep from Inslee about lessening the burden by reducting property taxes. Not one. -
Property tax increases of substantial amounts are coming to you in King County. The drop in commercial property values due to COVID is going to mean big hikes on residential properties. Straight from the County Assessor's mouth.creepycoug said:
True. My uncle is in DWF and is a true Texas convert from the PNW. Loves it down there and is always trying to talk me into moving there to live in the gated golf community he calls home. It's tempting because I could sell my place in Seattle and by 2 and 1/2 places on a course each of which is bigger and nicer than my Seattle place.HoustonHusky said:
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.MikeDamone said:No.
Real estate is where it's at
But, the big catch is the proerty tax, which shocked the shit out of me. Texas hits you hard there. It's a huge number. About the only thing worse would be an income tax.
https://youtu.be/vD1rtRdF3Vc
