Originally Posted by copyright1997reloaded
I have about one year of current expenses worth of PM's (both in paper form e.g. GLD, PSLV, IAU) and physical (mostly gold in terms of $ value but also some silver). About half of this was bought years ago at lower prices. Wish I had more but also concerned about buying in at high levels. I *think* these will go considerably higher, but that doesn't make it so.
So here we are almost 60 days later, and PM's have moved up quite a bit. Gold was about $1700/oz early June, it hit $2000 today. Silver also, e.g. PSLV has doubled from the early March liquidity panic. (I have a 50% profit on some I bought 4/13/20). My only purchase/sale since 6/2 was a buy of 25x1 gram Maple Leafs mentioned earlier in the thread (to see if I like them). Unfortunately, from the time of purchase to getting them the prices have run up significantly (so now I wait to see if we can't get a decent dip sometime soon).
Both have broken out. People are starting to realize just how much excess $ has been printed that eventually will be spent on goods and services. (Right now, much of it is just inflating asset prices.) The dollar is starting to falter (e.g. against the Euro), which also puts upward pressure on PM prices (as priced in USD). It also helps that the carry cost on PM's (given interest rates) is very low.