Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 07-31-2020, 06:29 PM   #81
Thinks s/he gets paid by the post
Join Date: Feb 2007
Location: Upstate
Posts: 2,197
Originally Posted by copyright1997reloaded View Post
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.
copyright1997reloaded is online now   Reply With Quote
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 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!

Old 08-04-2020, 02:29 PM   #82
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Brat's Avatar
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 7,054
Originally Posted by calmloki View Post
Haven't sold to them, but Affordable Jewelry and Precious Metals - AJPM - is in Portland and has been around a long time. I use their site for prices. for addresses and phone
Calmloki's recommendation was spot-on.
Duck bjorn.
Brat is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Good time to buy gold/gold ETF now - Nov., 2017? robnplunder Active Investing, Market Strategies & Alternative Assets 38 12-01-2017 12:38 PM
Is purchasing physical metals (Gold, Platinum, Silver) ever a good idea? EvrClrx311 FIRE and Money 66 02-26-2016 10:01 AM
And gold, gold!, GOLD!!!!!!!!!!!! yakers FIRE and Money 1 05-17-2006 10:03 AM
Buying physical Gold GTM FIRE and Money 10 01-14-2005 09:26 AM
Recommendation on gold/metals index fund? soupcxan FIRE and Money 19 10-19-2004 04:37 PM

» Quick Links

All times are GMT -6. The time now is 03:48 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2022, vBulletin Solutions, Inc.