The environmemtal problems are real bad. Shit. Maybe i hate gold too.
All those risks mentioned could potentially benefit gold price tho. Inc production costs
CEF stock appreciates as long term capital gains, not ordinary inc. No idea how they do that its just bullion. gld Taxed as ord incone
Ive made a little paper gain on some multi year purchases. Its hard for me to buy and harder to sell.
When its down im like fuck that im not taking a loss. When its up im like fuck all the johnny comelatelys ima ride this one up.
I am an untrader. I prefer money in a bank.
Still id like to get out with a decent profit and pay off the mortgage. I feel, with no basis (other than the insane rants of biased fund managers and other internet lunatics) in fact that gold should be 3000 an ounce and silver 75.
Therefore i was going to start selling at 2100 and continue selling on its way up, unless this is the near peak, in which case ill prob. Be stuck with this position for 5 or 10 years. Or life. Maybe not such a dumb hedge.
But how much is too much. 5 % 10%
And 10% of what? Total net worth? Total non retirement monies?
I am a very bad money mgr. I much prefer throwing money in a 401k and forgetting about it.
All i know is today 10,000 in the local bank will get you 10.00 in interest and the fed govt thinks nothing of dumping a trillion into the economy at the drop of a hat. The cost of buying gold shared is transction free nowadays and if it does start to attract some real money, 3k isnt a fantasy. And the downside rosk. Id say 1250 was a pretty firm base
