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Old 09-20-2024, 09:03 AM
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Originally Posted by CoachKandSportsguy View Post
Gold still looking good for awhile, more govt debt and lower interest rates with a lower USD, and China and India buying hand over fist,

DYODD
It’s typically a good idea to have a 5-15 allocation in a diversified portfolio. Gold currently represents the largest unrealized capital gains in our portfolio and is at all time highs. I’m considering lightening up our holdings to realize some of the gains. It’s a tricky asset class because there are no interest or dividends and there are onerous precious metal taxes on gains depending on how you own the asset. We own ours in ETF’s in an IRA, so we can sell without precious metal taxes (or any taxes until withdrawal) . We also own some physical gold which has a large bid/ask spread, but can be sold in increments below $10,000 without being reported to the government.