Gold - 13 year cup and handle breakup

indiajust said:
I like sprott and franco nevada in the roth. I have never actually owned the physical.
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I've done well with Calibre and I was buying physical silver in the $4-5 range and a little gold in the $320-340 range. Palladium has also been good to me. Overall, it's worked out to a compounded average in the mid 5% per year. Not great, but not too bad. MSFT would have been a better buy :)
 
SunGuy said:
Silver has been up some the last few months too, I don't really buy it much, but once a year or so, I will buy a few oz of silver. Always nice to have something I can store and if I need quick cash I could go sell it at a local coin shop.

My plan has always been to leave a treasure map after I die as part of my funeral, and give away my silver to the people who show up to pay their respects.
I will have a contingency clause in the will, that my lawyer who is to be present at the funeral will copy down the names/addresses of those in attendance to deliver a portion split as equally as possible for those in attendance.
The real bulk of the silver will be kept at a bank.
The actual chest I hide will just have a note explaining this and a least one oz of silver as a token bonus prize to the first person who finds the box.

My grandfather taught me to always keep at least $100 in cash in your wallet, and roughly the same amount stashed in your car, and at least $1,000.00 in cash hidden around your home.
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I like the treasure map idea and may consider something like this so there will be more people than just my wife that shows up. :biggrin:

I also keep some cash stashed in the car and hidden around the house for emergencies. I may make a treasure map just for my wife for the cash so there is an incentive for her too.
 
We have about 10 silver coins in our safe. No gold, except in jewelry.
Have two cash stashes in the house for small emergencies.
 
motley said:
Same here. I never liked its volatility. Of course I'm regretting that now :(
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As with most investments, volatility can be your friend if you are willing to put in some extra effort.
 
AudiDudi said:
Liking it - the gold/silver I bought in the mid/late 80's is doing well. OFC, there were better investments like MSFT DELL AOL, etc...
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Yeah, I'm reasonably happy with my investment in gold at less than $300/oz in early 2000s. Of course, lots of equities would have beaten that. BUT, gold has some "insurance" value as well as its ability to increase in nominal value (dollar based increase.) BUT it does not throw off any dividends or interest and you may even have to pay to store it. SO... YMMV.
 
Koolau said:
As with most investments, volatility can be your friend if you are willing to put in some extra effort.
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As with anything, it's a question of degree. At this point in my life, pass on that much.
 
motley said:
As with anything, it's a question of degree. At this point in my life, pass on that much.
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Yeah, now I'm just a "holder" of PMs, not a buyer. Not sure what would induce me to sell at this time as I don't need the funds and like what PMs are doing, market wise. Clearly, YMMV.
 
In addition to already owning PM's, I've been slowly accumulating gold and silver miners over the last couple of years. Not a lot, but now 1+ % of my overall net worth. For a while, a painful investment (to watch other stocks rise more and even gold to rise w/miners staying stuck in the mud). Finally these are starting to look better.

Some of this approach is that it is easy to buy the miners in a tax deferred account where I have plenty of buying power vs. my taxable account - where I have limited funds and where anything I sell has large capital gains (and thus tax/medicare IRMAA ramifications). The other reason is that while the metals (at least gold) is hitting new all time highs, the miners are far below their all time highs. (Yes, I know there are reasons such as increased costs of mining and that scarcity of the metal doesn't always equate to profits to mine more, especially if it is harder to mine.)
 
I had never heard of the "cup and handle" chart before but after a bit of looking at it, I see that my portfolio itself is tending toward a cup and handle. Is it fair to assume that could also apply to an entire portfolio? My history and charts go back to 2016 and I could almost identify a few.
 
The GLD chart has become a thing of beauty. Long GLD, SLV, GDX, GDXJ, SIL, and some physical. Talking my book, but the miners (GDX, GDXJ, SIL) still have a long way to go in terms of a catch up trade.
 
I like gold and silver. Not so much as an investment but as a store of wealth and stacking is a fun hobby. The current market is nice because my stash has appreciated so much, but I have quit buying because I am old enough to understand the volatility of PMs and don't see these levels lasting forever.
 
erkevin said:
I like gold and silver. Not so much as an investment but as a store of wealth and stacking is a fun hobby. The current market is nice because my stash has appreciated so much, but I have quit buying because I am old enough to understand the volatility of PMs and don't see these levels lasting forever.
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From 1971 to 1980 (109 months) gold rose almost 1800%, followed by a bear market in the commodity (1980-1999, 228 months, down 64%), followed by a bull market (1999-2011, 145 months, 650%), followed by a bear market ....

We may still be in the early stages of this bull market (for gold/silver).

Since Nixon took the US off of the gold standard ("only for a few months"), the US $ has lost the majority of its purchasing power. $100 in January 1971 would take $791 today, and that is using the "official" CPI data.

There is NO indication as far as I can see that there will be any real action to contain the debt or keep inflation from eroding the dollars value.

That means as nice as those fat, juicy 5.5% CD's were, having a lot of money (like I still do) in fixed, non-inflation adjusted assets is not a good plan. That means equities and other alternatives (including PM's).
 
copyright1997reloaded said:
And here we are at $2600+, will see if it can close above $2600 or fall back a bit.
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$2700 this morning.

It's interesting to me that this thread is so quiet, which is an indicator that gold might have a long way to go. (No one talking about it here or in most media like CNBC et al.))
Disclaimer: I'm long Gold, Silver, Copper, and associated miners.

One year GLD chart:
Chart_20241018
 
copyright1997reloaded said:
$2700 this morning.

It's interesting to me that this thread is so quiet, which is an indicator that gold might have a long way to go. (No one talking about it here or in most media like CNBC et al.))
Disclaimer: I'm long Gold, Silver, Copper, and associated miners.

One year GLD chart:
Chart_20241018
Click to expand...
Probably just not much interest in the subject of PMs within the group. Don't know that the silence suggests future growth. Nice if it did, I guess.
 
I keep an eye on gold and have a small amount at home. However, my total isn’t big enough for a spike in gold to impact me. I bought some gold earlier this year and am up about $2K. Meanwhile, my IRA’s are up about $75K. So, I’m much more excited about the S&P over the past couple years than gold.
 
jim584672 said:
I'm not a goldbug, but the gold chart is super bullish right now. Anyone else noticing this?
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All the precious metals we own my spouse and I wear as jewelry and watches.

Most of this(what isn’t part of our daily wear) is kept in a safe or a safety deposit box off site.

I find investing in this sort of stuff (while maybe profitable.) Presents a serious security risk.

Once you factor in storage costs and taxes these seem to have a net negative return over anything but an extremely long time horizon.

I’ll admit I’ve been tempted over the years.
 
copyright1997reloaded said:
$2700 this morning.

It's interesting to me that this thread is so quiet, which is an indicator that gold might have a long way to go. (No one talking about it here or in most media like CNBC et al.))
Disclaimer: I'm long Gold, Silver, Copper, and associated miners.

One year GLD chart:
Chart_20241018
Click to expand...
$2800. Took a while, as it ran up further to around $2790 in late October, then traded down quite a bit post election. But, here we are at a new record (in terms of the US Dollar, it had been setting records in other currencies for a while).

ETA: The miners are still down from their October highs. For example, GDX had a 52-week high in October of $44.50, it is currently at $39.47.
 
I bought GLD back in October 2022 at $147.36 It's currently trading around $259. It's been a good ride. That and IBIT are about 8% of my portfolio and are providing some stability. Imagine Gold and Bitcoin doing the hard work that Bonds were supposed to do.

I didn't want to have to store actual gold coins. Nor did I want the spin cycle that Numismatic Gold Coins put the buyer thru. I have a set of PCGS Walking Liberty Silver Halves, if I want to gaze upon Mint State coins.
 
No significant amount of Gold coins, just one my Dad left me that my grandfather left him. A minted coin from Haile Gold mine in Lancaster, SC that he worked part time at after retiring. As I understand it, there are very few of these. I have a cousin that works for them since they started operating again, and when I showed it to her she said the people that work there are always looking for them and would pay a fortune for it. I will never sell it!
I do have 10k shares of FTCO though that has done pretty well.

Flieger
IMG_8216.jpeg
IMG_8217.jpeg
 
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