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FYI, gold is stable right now, time to buy?

Discussion in 'Money Talk$' started by Wingman68, Oct 13, 2019.

  1. InTheLight

    InTheLight Well-Known Member
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    Yes, sure, but that was not the endpoints that were selected. The endpoints were February 24th and July 27th.
     
  2. InTheLight

    InTheLight Well-Known Member
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    If you want to live in fear of a financial crisis, armed with gold and ammo, you go right ahead. If it ever gets to your scenario, you think gold will be worth anything? Who is going to be willing to trade you something of value, like food, fuel, or water for gold?
     
  3. Reynolds

    Reynolds Well-Known Member
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    I have a diversified portfolio that is heavy in Gold gold and Ammunition.
     
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  4. InTheLight

    InTheLight Well-Known Member
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    Now do just about any of the top 25 stocks in the S&P500 and tell us how much they are up from their lowest price of 2020. I bet almost all of them are up between 45% and 75% from their 2020 lows.

    I would venture to say you could pick any of the 100 stocks with largest market caps at their lowest price of 2020 and the gains would beat gold. Basically, a blind man could have bought almost any of the top 100 S&P500 stocks at their lows and done better than buying gold.
     
  5. Reynolds

    Reynolds Well-Known Member
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    I agree. I have much more stock than gold.
     
  6. InTheLight

    InTheLight Well-Known Member
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    Good to hear, but how does that statement coexist with this one?

    Sent from my Pixel 2 XL using Tapatalk
     
  7. Wingman68

    Wingman68 Well-Known Member
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    As with Reynolds, & as I have previously stated, my holdings are heavily weighted in stocks & mutual funds, & real estate. The others are not based on life as it is, but life as it could be. A reasonable person will cover the bases. Some who lost big in the last stock crash, & have little time left to recoup, understandably put their money in gold. Once bitten, twice shy. If you are under the delusion that gold will be worthless in a crisis, there is no hope for you. History has taught you nothing.
     
  8. InTheLight

    InTheLight Well-Known Member
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    The last "crash" in the market was four months ago. It's almost fully recovered. In fact, I'm thriving.


    It depends on the crisis. If the crisis is so bad that it gets down to gold, ammo, bags of rice, and bottled water, yes, gold will be worthless. When is the last time we had a crisis like? And the last time gold proved to save someone's economic life in such a crisis?
     
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