|
|
12-21-2019, 11:39 AM
|
#1
|
Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Syracuse
Posts: 3,502
|
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"
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
12-21-2019, 11:53 AM
|
#2
|
Thinks s/he gets paid by the post
Join Date: Jun 2016
Posts: 1,961
|
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.
|
|
|
12-21-2019, 11:59 AM
|
#3
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2011
Posts: 8,368
|
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
|
|
|
12-21-2019, 12:04 PM
|
#4
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2013
Location: Limerick
Posts: 5,655
|
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.
|
|
|
12-21-2019, 12:11 PM
|
#5
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2011
Posts: 8,368
|
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.
|
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
|
|
|
12-21-2019, 12:11 PM
|
#6
|
Thinks s/he gets paid by the post
Join Date: Oct 2017
Location: Tellico Village
Posts: 2,622
|
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.
|
|
|
12-21-2019, 12:22 PM
|
#7
|
Thinks s/he gets paid by the post
Join Date: Sep 2013
Location: Ventura County
Posts: 1,433
|
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.
|
|
|
12-21-2019, 12:24 PM
|
#8
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
|
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
|
|
|
12-21-2019, 12:31 PM
|
#9
|
Thinks s/he gets paid by the post
Join Date: Jun 2017
Location: Western NC
Posts: 4,633
|
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.
|
|
|
12-21-2019, 12:40 PM
|
#10
|
Thinks s/he gets paid by the post
Join Date: Jun 2016
Posts: 1,961
|
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.
|
|
|
12-21-2019, 12:54 PM
|
#11
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2004
Location: SW Ohio
Posts: 14,404
|
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.
|
|
|
12-21-2019, 01:22 PM
|
#12
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,298
|
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.
|
Good thing, as you might have less teeth now.
__________________
TGIM
|
|
|
12-21-2019, 01:42 PM
|
#13
|
Recycles dryer sheets
Join Date: Dec 2018
Posts: 90
|
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%).
|
|
|
12-21-2019, 01:46 PM
|
#14
|
Thinks s/he gets paid by the post
Join Date: Feb 2012
Location: Northern Ohio
Posts: 3,182
|
How do people purchase their gold coins? Walk into a shop? Online? Dark alley?
|
|
|
12-21-2019, 01:48 PM
|
#15
|
Thinks s/he gets paid by the post
Join Date: Sep 2014
Location: The Great Wide Open
Posts: 3,804
|
Gold shares in multiple miners.
|
|
|
12-21-2019, 01:49 PM
|
#16
|
Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,727
|
Quote:
Originally Posted by mpeirce
How do people purchase their gold coins? Walk into a shop? Online? Dark alley?
|
Usually from precious metals dealers. You can buy online or walk in.
__________________
*********Go Yankees!*********
|
|
|
12-21-2019, 02:06 PM
|
#17
|
Recycles dryer sheets
Join Date: Dec 2018
Posts: 90
|
Quote:
Originally Posted by mpeirce
How do people purchase their gold coins? Walk into a shop? Online? Dark alley?
|
My gold shop is in the Kroger shopping center. He is officially a numismatic.
|
|
|
12-21-2019, 02:11 PM
|
#18
|
Thinks s/he gets paid by the post
Join Date: Feb 2004
Location: Switzerland
Posts: 1,047
|
Quote:
Originally Posted by SunBlueSky
My gold shop is in the Kroger shopping center. He is officially a numismatic.
|
So, you buy Krogerrands there?
__________________
FIREd, April 1, 2015. My Retirement Benefits Package includes: 6 months vacation, twice a year.
|
|
|
12-21-2019, 02:18 PM
|
#19
|
Recycles dryer sheets
Join Date: Dec 2018
Posts: 90
|
|
|
|
12-21-2019, 02:41 PM
|
#20
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2013
Location: Texas
Posts: 10,930
|
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.
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|