Time to Invest in Gold - Precious Metals?

[Just Joshin]

With inflation potentially around the corner, should an investor start/increase their holdings in gold?  I have usually focused on equities and bonds but maybe time to diversify.  Thoughts?

 

Note:  all comments in this thread are for discussion and not intended as investment advice.

[GG1]

You should always have a diversified portfolio across all assets.   Add crypto to the list.   Don't run around chasing returns by jumping from one asset class into another if you're not fully versed in the assets.

[Ann]

Gold holding and gold coins 🙂

[Just Joshin]

23 hours ago, Ann said:

Gold holding and gold coins 🙂

Seems like a pain to hold physical gold.  True?

[Just Joshin]

On 2/18/2021 at 2:58 PM, GG1 said:

You should always have a diversified portfolio across all assets.   Add crypto to the list.   Don't run around chasing returns by jumping from one asset class into another if you're not fully versed in the assets.

Agreed.  Well diversified with the exception of precious metals and crypto currency.  Not ready to go crypto but maybe metals.

[GG1]

1 minute ago, Just Joshin said:

Agreed.  Well diversified with the exception of precious metals and crypto currency.  Not ready to go crypto but maybe metals.

 

You should incrementally add both.

 

Precious metals are a bigger problem to invest in because you get screwed on the bid/ask for the physical assets.

[Ann]

55 minutes ago, Just Joshin said:

Seems like a pain to hold physical gold.  True?

Gold coins? No.  

Bars? Here is a US overview. If owned in a foreign country, a bank may be able to hold (and US yearly reporting is necessary if over $10k). 
 

[Foxx]

The premium dealers charge for phyz can be significant. Example, right now it is roughly $12 and change per oz. of Ag and $173 for Au, for American Eagles.

[devnull]

Never hurts to invest in in steel, aluminum, polymer, lead, and brass

 

 

 

[Just Joshin]

12 hours ago, devnull said:

Never hurts to invest in in steel, aluminum, polymer, lead, and brass

 

 

 

I have good stocks of the these but still shortages in my area.

[TakeYouToTasker 2.0]

On 2/19/2021 at 3:49 PM, Just Joshin said:

Seems like a pain to hold physical gold.  True?

Unless you own physical gold then you don’t own gold. You own accounting tricks on a ledger.

[Foxx]

Does Ag have a higher upside?

[TakeYouToTasker 2.0]

9 hours ago, Foxx said:

Does Ag have a higher upside?

The silver market is a complete fraud. The overwhelming majority of it is “paper silver”, with only a small portion actually deliverable.

[Foxx]

15 hours ago, TakeYouToTasker 2.0 said:

The silver market is a complete fraud. The overwhelming majority of it is “paper silver”, with only a small portion actually deliverable.

Precisely. If/When that manipulation is broken, silver should find it's true value. Considering it's worth in electronics alone, it should be priced in fiat much higher.

[Foxx]

Damn.

https://twitter.com/waldko/status/1365524349906804737

 

[Jauronimo]

23 minutes ago, Foxx said:

Damn.

https://twitter.com/waldko/status/1365524349906804737

 

https://abcnews.go.com/International/wireStory/50-killed-collapsed-gold-mine-eastern-congo-72966797

[TakeYouToTasker 2.0]

On 2/24/2021 at 10:18 AM, Foxx said:

Precisely. If/When that manipulation is broken, silver should find it's true value. Considering it's worth in electronics alone, it should be priced in fiat much higher.

 

 

[Foxx]

Au did close over $1900 today.

jus' sayin'...

[Foxx]

Au reached it's ATH today @ $2070 an oz.

[Foxx]

This was Thursday.

 

2 hours ago.