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Old 12-21-2019, 12:39 PM   #1
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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?
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Old 12-21-2019, 12:53 PM   #2
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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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Old 12-21-2019, 12:59 PM   #3
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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.)
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Old 12-21-2019, 01:04 PM   #4
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I have some bullion and collectible coins. Itís a very small percentage of my portfolio, and if I were to cash it out Iíd be ahead, but nothing to brag about. Why? I guess if things went really bad it might help me some. But I really donít worry too much about it.
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Old 12-21-2019, 01:11 PM   #5
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I have some bullion and collectible coins. Itís a very small percentage of my portfolio, and if I were to cash it out Iíd be ahead, but nothing to brag about. Why? I guess if things went really bad it might help me some. But I really donít 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.
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Old 12-21-2019, 01:11 PM   #6
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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.
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Old 12-21-2019, 01:22 PM   #7
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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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Old 12-21-2019, 01:24 PM   #8
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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.
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Old 12-21-2019, 01:31 PM   #9
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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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Old 12-21-2019, 01:40 PM   #10
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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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Old 12-21-2019, 01:54 PM   #11
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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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Old 12-21-2019, 02:22 PM   #12
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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.
Good thing, as you might have less teeth now.
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Old 12-21-2019, 02:42 PM   #13
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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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Old 12-21-2019, 02:46 PM   #14
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How do people purchase their gold coins? Walk into a shop? Online? Dark alley?
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Old 12-21-2019, 02:48 PM   #15
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Gold shares in multiple miners.
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Old 12-21-2019, 02:49 PM   #16
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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.
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Old 12-21-2019, 03:06 PM   #17
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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.
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Old 12-21-2019, 03:11 PM   #18
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My gold shop is in the Kroger shopping center. He is officially a numismatic.
So, you buy Krogerrands there?
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Old 12-21-2019, 03:18 PM   #19
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So, you buy Krogerrands there?
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Old 12-21-2019, 03:41 PM   #20
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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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File Type: jpg 1998 Gold WTC obv.jpg (610.2 KB, 55 views)
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