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12-21-2019, 11:39 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Syracuse
Posts: 3,502
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Gold
If you have gold in your portfolio how do you hold it?
ETF? Mining Stocks? Bullion? Coins? A necklace of the teeth of your enemies?
Also, why are you invested in gold?
__________________
“No, not rich. I am a poor man with money, which is not the same thing"
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12-21-2019, 11:53 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Jun 2016
Posts: 1,961
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I hold mostly coins. Krugerrands, Maple Leafs, American Eagles, and a smattering of Mexican coins.
Since I wanted to increase my holdings quicker in other accounts I did add some GLD ETF but I'm not sure I like it.
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12-21-2019, 11:59 AM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2011
Posts: 8,368
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After listening, over the past 40 plus years, to unrealized pronouncements that "Gold is going to hit $$$$$$$$ within....." I hold zero.
(A couple decades ago, to humor a buddy, I temporarily owned a small stake....which, of course, went in the crapper and has likely never crawled out.)
__________________
"Exit, pursued by a bear."
The Winter's Tale, William Shakespeare
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12-21-2019, 12:04 PM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2013
Location: Limerick
Posts: 5,655
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I have some bullion and collectible coins. It’s a very small percentage of my portfolio, and if I were to cash it out I’d be ahead, but nothing to brag about. Why? I guess if things went really bad it might help me some. But I really don’t worry too much about it.
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12-21-2019, 12:11 PM
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#5
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2011
Posts: 8,368
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 Quote:
Originally Posted by Dash man
I have some bullion and collectible coins. It’s a very small percentage of my portfolio, and if I were to cash it out I’d be ahead, but nothing to brag about. Why? I guess if things went really bad it might help me some. But I really don’t worry too much about it.
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I recall, mid 1970s, talking to the husband of a woman my first wife worked with - he was, apparently, putting 'all' their money into gold.
Never saw him again, but from time to time, (whenever the topic comes up....as it just did), I fleetingly wonder what happened to him/them.
__________________
"Exit, pursued by a bear."
The Winter's Tale, William Shakespeare
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12-21-2019, 12:11 PM
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#6
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Thinks s/he gets paid by the post
Join Date: Oct 2017
Location: Tellico Village
Posts: 2,622
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I have a few grams as a couple crowns in my mouth, but I hear every year how gold is going to make me secure, rich, and smarter than everyone else. I don't believe any of it.
__________________
Retired May 13th(Friday) 2016 at age 61.
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12-21-2019, 12:22 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Sep 2013
Location: Ventura County
Posts: 1,433
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I accumulated about a used car's worth of gold (mixture of coins and ETF) over the years before the financial crisis of '08. I then held it while it went up to the value of a new car and back down to the value of a used car. I still have it, for no good reason, but clearly would have done better with almost any stocks or bonds.
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12-21-2019, 12:24 PM
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#8
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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I keep thinking about picking up a few coins, then I look at how gold seems to move and be valued in ways that make no sense to me... Still no gold. Maybe a few coins at some point to bury in the backyard.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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12-21-2019, 12:31 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Jun 2017
Location: Western NC
Posts: 4,633
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Happy with the ~$300/troy ounce bullion coins I bought (just after the U.K.'s decision to dump most of their holdings)...pure luck on the timing back then...wouldn't buy at today's prices.
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12-21-2019, 12:40 PM
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#10
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Thinks s/he gets paid by the post
Join Date: Jun 2016
Posts: 1,961
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Holding gold depends on if you are viewing it as an investment or an insurance policy.
For me its mostly an insurance policy... a portable store of value with no counter party risk.
And some of it is just for fun. The coins are works of art and a side goal is to have 50 coins minted in the year we were married by our 50th (golden) wedding anniversary.
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12-21-2019, 12:54 PM
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#11
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2004
Location: SW Ohio
Posts: 14,404
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I'm not a gold fan, I'd be hard pressed to give any explanation for why it is valuable beyond "because people think it is." But, I have about 3% of our portfolio in a gold ETF. I don't think of it as an investment, it's more like speculative insurance.
We own no physical gold. I could make a case for some small denomination gold (or silver) in case of a real mess, but there's a lot of other stuff that would likely be even handier.
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12-21-2019, 01:22 PM
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#12
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,298
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Quote:
Originally Posted by VanWinkle
I have a few grams as a couple crowns in my mouth, but I hear every year how gold is going to make me secure, rich, and smarter than everyone else. I don't believe any of it.
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Good thing, as you might have less teeth now.
__________________
TGIM
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12-21-2019, 01:42 PM
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#13
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Recycles dryer sheets
Join Date: Dec 2018
Posts: 90
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Dad used to take us panning for gold in the creek and he also found a small nugget after plowing the garden.
I've got a few gold coins and silver coins, purchased as "insurance" after the 2008 financial crises. Also, a tiny bit in a gold mining ETF (0.2%).
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12-21-2019, 01:46 PM
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#14
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Thinks s/he gets paid by the post
Join Date: Feb 2012
Location: Northern Ohio
Posts: 3,182
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How do people purchase their gold coins? Walk into a shop? Online? Dark alley?
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12-21-2019, 01:48 PM
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#15
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Thinks s/he gets paid by the post
Join Date: Sep 2014
Location: The Great Wide Open
Posts: 3,804
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Gold shares in multiple miners.
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12-21-2019, 01:49 PM
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#16
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,727
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Quote:
Originally Posted by mpeirce
How do people purchase their gold coins? Walk into a shop? Online? Dark alley?
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Usually from precious metals dealers. You can buy online or walk in.
__________________
*********Go Yankees!*********
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12-21-2019, 02:06 PM
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#17
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Recycles dryer sheets
Join Date: Dec 2018
Posts: 90
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Quote:
Originally Posted by mpeirce
How do people purchase their gold coins? Walk into a shop? Online? Dark alley?
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My gold shop is in the Kroger shopping center. He is officially a numismatic.
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12-21-2019, 02:11 PM
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#18
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Thinks s/he gets paid by the post
Join Date: Feb 2004
Location: Switzerland
Posts: 1,047
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Quote:
Originally Posted by SunBlueSky
My gold shop is in the Kroger shopping center. He is officially a numismatic.
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So, you buy Krogerrands there? 
__________________
FIREd, April 1, 2015. My Retirement Benefits Package includes: 6 months vacation, twice a year.
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12-21-2019, 02:18 PM
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#19
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Recycles dryer sheets
Join Date: Dec 2018
Posts: 90
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12-21-2019, 02:41 PM
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#20
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2013
Location: Texas
Posts: 10,930
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I do have some 1oz gold bullion coins, a few Krugerrand's, Eagles and even a few Buffalos, but prefer collectables.
Here one of the collectables that I'll probably always keep.
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