The case for gold

[scaredyclassic]

interested in dollar cost averaging into slightly beaten down VNQ real estate etf with an eye toward the future.

Ultimately, I think the best bet long term is everything; VT. It’s the only thing , other than gold and silver and maybe (no not really) platinum (SPPP) I feel really comfortable buying and holding longterm. That doesnt mean I think Im going to make money. Just that i don’t feel utterly defrauded.

I despise looking at all the fees on old retirement accounts from other employments we’ve had. .85% a year. the dumbest thing is to leave money in these overexpensive accounts. guaranteed loss long term. need to consolidate

[Coronita]

gold, silver, platinum prices up again.

1864, 22.79,905

[sdrealtor]

Don’t remind me

[Coronita]

[quote=sdrealtor]Don’t remind me[/quote]

I sold some AMD yesterday…. Right before the almost 8% gain today alone…. Bite me.

[sdrealtor]

Kisses :*

[gzz]

Just purchased a French 20 Francs gold coin from the 1830s, July Monarchy. I am now only 1 coin away from having a complete set.

Here’s the first of them:

https://www.vcoins.com/en/stores/numiscorner/239/product/france_napoleon_i_20_francs_an_12_paris_vf3035_gold_km651/923051/Default.aspx

“An 12” means 1803, year 12 of the Revolutionary Calendar, one aspect of the metric system that was abandoned.

The $350 price listed there is old price, an An 12 is worth more like $430+ depending on condition.

[scaredyclassic]

[quote=gzz]Just purchased a French 20 Francs gold coin from the 1830s, July Monarchy. I am now only 1 coin away from having a complete set.

Here’s the first of them:

https://www.vcoins.com/en/stores/numiscorner/239/product/france_napoleon_i_20_francs_an_12_paris_vf3035_gold_km651/923051/Default.aspx

“An 12” means 1803, year 12 of the Revolutionary Calendar, one aspect of the metric system that was abandoned.

The $350 price listed there is old price, an An 12 is worth more like $430+ depending on condition.[/quote]

not a great return if youd held it 200 years.

But it was worth 100 bucks or so 200 years ago, in a different world, and worth about that now.

Which is pretty trippy if ya think on it

[The-Shoveler]

[quote=Coronita][quote=sdrealtor]Don’t remind me[/quote]

I sold some AMD yesterday…. Right before the almost 8% gain today alone…. Bite me.[/quote]

I think Mark Cuban had it about right,

Today’s market reminds me of late 1990’s, the thing is you don’t know how long theses bubbles can go on, they can last years!!!

[gzz]

The 1803 20 Franc was circulating legal tender in France until the Great Depression. The nominal return was thus 0.0% for about 100 years. Because there was also deflation, there was a small positive real return.

The main big return to gold was in the post 1960 period. Gold in the USA was officially $42/oz until the 70s, but practically speaking we were off the standard before then. Still, you could get gold for about $40-50oz in the 50s and early 60s, now worth $1800oz.

[gzz]

If you had held the 20 francs as, paper or small change, it would have exchanged for .02 New Francs in the 60s, and about .003 Euros in the 00s.

[scaredyclassic]

Any human would be happy to have that coin in his pocket and would recognize it as very valuable for the last 5000 years

[scaredyclassic]

Bad sign.

Feeling greedy.

Selling at 2100 seems way too early.

Whenever i feel confident its a bad sign.

Im thinking a parabolic move up to 3 to 5k, by 12/25/20, and a 30 % crash sometime afterwards.

No reason other than it feels hot, theres a lot of money sloshing around, people have phones with trading apps, andvits bern down so long

[Coronita]

Being greedy is good. I wish I was. I sold AMD two days ago… Today, it was up 16.5% to $69.40/share on intel’s very bad news.

Once upon a time this was a $2.60/share stock…I think I first talking about this company here a long time again, and the potential threat to Intel when it was still around a <$10/stock. Not many people took it seriously... Fast forward to 2020, and intel is in deep trouble with there 7nm process also delayed for a good year or two (on top of their 10nm process that is already broken). If I listened to myself and kept every single share and call option of this stock.... I think it would good for a few million. I'm not destined to score big on one hand. This isn't the first time this happened, and it certainly wont be the last. I don't need to buy any lottery tickets, or go to the Del Mar Fairgrounds bet on horses, or go to Las Vegas..... This was my lottery ticket. Once in a lifetime opportunity.... I blew it. Shit happens.

[scaredyclassic]

Its difficult to maintain faith

[gzz]

Happened to me too, got some SanDisk for about 7 during the great recession, sold for about double that, went up to 100+, then was aquired for 76 in 2016.

I plan to keep my investment properties when they are overvalued, and to wait for the next true bubble.

I also am hanging on to my iRobot, which is the only stock I currently own that has doubled. Screw fundimentals, they are a pure play that makes ROBOTS at a PROFIT. No other public company can say that. Google cut its robot division back after losing a lot of money.

On top of vacuums, they have some great DoD contracts, and robots are part of the future of war, just watch any scifi future movie.

[Author]

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