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09-30-2021, 09:19 AM
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Join Date: Oct 2008
Posts: 152
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Where is the best place to buy?
Anyone have any recommendations?
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09-30-2021, 09:41 AM
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Join Date: Dec 2008
Location: Near Edmonton
Posts: 15,049
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Bob
I have never considered Gold or Silver to be a good investment, nor do I see it as insurance or a good store of value. Same is true of Diamonds. Lots of people think you can always trade gold, diamonds etc for cash. All through history that has proven not to be true. German Jews had a lot of Gold and Diamonds as emergency funds, was simple for the government to make it illegal for them to own, sell or buy it.
The other problem with Gold is it is heavy, bulky and hard to store safely. Between 1980 and 2008, almost 30 years, the value was flat, if you bought in 79 you were still at a loss in 2008. Since then the prices have risen but look at the up and down movement. If you are going to beat inflation and have enough money to live on you need assets that go up as fast or faster than inflation. Land, rental property, top quality stocks all do far better at that than gold.
If you had invested 500,000 in Vancouver real estate in 1980 it would be worth about 10 million today. In gold you wouldn't even be at a million and gold won't pay you rent every month.
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09-30-2021, 10:06 AM
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Join Date: May 2007
Posts: 1,752
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I had my silver for about 11 years! so made some $$$ but, I too now see now going through this Covid time-try a get rid of your silver! No-one has money! And if they do, they want it for cheap!
I was lucky to find about three buyer's that we buying for the long term and sold to them. Glad to be just about out, of the silver market!
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09-30-2021, 10:33 AM
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Join Date: Jul 2009
Location: GP AB
Posts: 16,239
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Ok, points taken. I will buy more ammo instead! 
__________________
'Once the monkeys learn they can vote themselves a banana, they'll never climb another tree.'. Robert Heinlein
'You can accomplish a lot more with a kind word and a gun, than with a kind word alone.' Al Capone
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09-30-2021, 10:48 AM
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Join Date: Dec 2008
Location: Near Edmonton
Posts: 15,049
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Quote:
Originally Posted by Twisted Canuck
Ok, points taken. I will buy more ammo instead! |
If the poop hits the rotary oscillator, ammo and food will be far better hedges than gold.
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09-30-2021, 11:12 AM
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Join Date: May 2010
Location: edmonton
Posts: 3,850
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Quote:
Originally Posted by badbrass
I had my silver for about 11 years! so made some $$$ but, I too now see now going through this Covid time-try a get rid of your silver! No-one has money! And if they do, they want it for cheap!
I was lucky to find about three buyer's that we buying for the long term and sold to them. Glad to be just about out, of the silver market!
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that seem to be a problem when it come to liquidity of the physical metal, the premium above spot for the physical item, hedge against the volume liquidity issue. rather if they trade contracts its instant with no time/logistic issues but no premium just spot price .
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10-22-2021, 08:41 AM
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Join Date: Jun 2011
Posts: 3,713
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Gold and Silver finally catching a bid after a 8 month consolidation. The market started to trade a bit different over the last week or so. We weren't getting the usual 6-7 am in the morning, severe beatdown in the futures market prior to the North American open. We'll see if it lasts.
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There are some who can live without wild things, and some who cannot. Aldo Leopold
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10-22-2021, 10:10 AM
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Join Date: Dec 2008
Location: Near Edmonton
Posts: 15,049
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Quote:
Originally Posted by bdub
Gold and Silver finally catching a bid after a 8 month consolidation. The market started to trade a bit different over the last week or so. We weren't getting the usual 6-7 am in the morning, severe beatdown in the futures market prior to the North American open. We'll see if it lasts.
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Gold has risen slightly, silver has quit dropping. From April 2020 to now, the value of Gold is pretty much flat, as it is from Oct 2011, silver has dropped a LOT from its highs, and both are bought and sold in U.S. dollars. With how much the Canadian dollar has strengthened and the current inflation rates, it made the performance of gold and silver even worse. Given what inflation has done the past 24 months, it does not appear that gold is a good store of value to offset inflationary trends. I hope everyone that is sitting on gold and Silver gets a good spike in price over the next few months.
Last edited by Dean2; 10-22-2021 at 10:27 AM.
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10-23-2021, 08:54 AM
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Join Date: May 2010
Location: edmonton
Posts: 3,850
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Gold and silver had the run up in 2020 and it settle back down , in times of war and uncertainties it provides good storage of wealth. Once Biden won the election in November the markets been on a hot streak and all the money printing was flowing into the market
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07-20-2022, 07:36 PM
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Join Date: May 2007
Posts: 1,752
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What a sh-tshow it has been! so happy I sold when I did!
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07-20-2022, 09:38 PM
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Join Date: May 2010
Location: edmonton
Posts: 3,850
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Quote:
Originally Posted by badbrass
What a sh-tshow it has been! so happy I sold when I did!
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Interest hike up usually means gold price is going down . Might see 1500 usd by year end. If they keep the rates on schedule.
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07-20-2022, 09:40 PM
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Join Date: May 2007
Posts: 1,752
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$23.86 a oz. WOW!
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