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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: E_K_S who wrote (199317)6/19/2019 11:53:37 PM
From: JimisJim  Read Replies (1) | Respond to of 204175
 
That was roughly the spot price 3 or 4 yrs ago. I still glance at PM spot prices. Silver is lower now than recent years. In fact what I kept vs sold when my father died is worth less now than when he died.

I’m not a bear in the actual metal, collectibles — I think it’s sideways chop for bullion awhile longer barring a bolt from the blue, but I haven’t done the FA “work” to make such assertions supported by actual analyses.

I will flatly state the spot price is currently about the same as when I inherited my share of the pirates’ treasure, but silver is about a buck per oz lower right now despite gold bullion regaining a bit in spot bullion prices.

These are simple statements that are not subject to interpretation since I experienced it first hand over several months as my brother and I sold most of the bullion and kept/added the good stuff to collect and pass down to our kids.

Numismatic gold coins in particular have outperformed other forms of gold, except maybe (haven’t checked) niches of specific jewelry or other justifiable reasons to fetch higher premiums.

I hope everyone already knows the difference between the various equity market products like miners, but also “paper” gold vs actual claims against actual metal. I think i’ve mentioned before that I liked CEF for the later — the Canadian fund roughly 50:50 gold to silver and that there really is metal stored and allocated based on how much one “invests” in the fund.

I sold my CEF when I got my grubby paws on a lot more numismatics and felt a bit over invested in gold and silver. I don’t expect to make bazillions with gold and silver, but I like what I have whether one calls it an investment, a collection/hobby and have as much as I want. If prices spike a lot some where down the road I’d likely sell more of pure bullion remaining and spend on a few river cruises. Or maybe a Patagonian adventure.