[Kenswing]

With gold over $4,600 an ounce and silver in the mid $90’s, is anyone else thinking of offloading some of their holdings? I’m mighty tempted.

[raananh]

I am not a top expert, but I think Gold and especially Silver will go up much more in price.

Since it's a hassle, risky, costly and heavy to actually hold physical gold and silver, I invested in ETF fund "SLV" and "GLD" which follow the price of Gold and Silver.

With ETF fund, I simply put a "stop loss" order with my broker so if the price of Gold or Silver goes down by a certain amount, than automatically sell.

... and I enjoy retirement without any worries.

As for physical gold and silver: very hard to find a dealer that will buy for a reasonable price. So I always avoided physical gold and silver.

Best of luck to you!

[opinionist]

The value of a paper contract for gold or silver that cannot deliver physical metal is zero. Every ounce of physical gold and silver has over 100 owners under the current system. Possession of physical gold and silver is the only way to preserve wealth. Unless you need the cash, it makes no sense to sell gold or silver. The purchasing power of the fiat dollar is diminishing, which makes the price of gold and silver seem to rise.

[tophcfa]

Originally Posted by Kenswing

With gold over $4,600 an ounce and silver in the mid $90’s, is anyone else thinking of offloading some of their holdings? I’m mighty tempted.

As tempting as it is, multiple factors favor a continued run up in value. Look no further than the decline of the US dollar versus other major currencies, underreporting of actual inflation, overreporting of economic growth, a relentless pursuit to lower interest rates whatever the consequences, many equity indices at or near all time highs, and world chaos on multiple fronts. It’s not unreasonable to expect that gold could rise to well above $5K per Troy ounce during 2026.

[raananh]

Originally Posted by opinionist

The value of a paper contract for gold or silver that cannot deliver physical metal is zero. Every ounce of physical gold and silver has over 100 owners under the current system. Possession of physical gold and silver is the only way to preserve wealth. Unless you need the cash, it makes no sense to sell gold or silver. The purchasing power of the fiat dollar is diminishing, which makes the price of gold and silver seem to rise.

Yes, value of any "paper" investment (e.g. stock, mutual fund, ETF or bond) can go to zero in certain extreme cases.

The value of physical Gold or Silver become instantly zero when it's stolen. No alarms or trends before that happens.

To prevent stealing of physical Gold you need to spend $$$ constantly (safe, alarms, etc). So, most people rely on brokers that "store" the physical Gold / Silver for them... for $$$.

And if you think you can 100% trust those dealers...

Instead, put a "stop loss" order with your broker when the value your "paper" investment goes down to a certain level and you have absolutely nothing to worry about. The broker will automatically sell your investment when it goes down to the price you pre-determined.

All the best to you.

[villagernewbie]

I cashed in a bunch of silver ingots and a few silver dollars last week at Bob's Gold & Jewelry.

Not only was I fine taking $5 less than the spot price (established the minute I was let in the locked door), but their relative quickness and professionalism, means I'll be going back real soon regarding selling some gold stuff.

[Ruger2506]

Originally Posted by raananh

I am not a top expert, but I think Gold and especially Silver will go up much more in price.

Since it's a hassle, risky, costly and heavy to actually hold physical gold and silver, I invested in ETF fund "SLV" and "GLD" which follow the price of Gold and Silver.

With ETF fund, I simply put a "stop loss" order with my broker so if the price of Gold or Silver goes down by a certain amount, than automatically sell.

... and I enjoy retirement without any worries.

As for physical gold and silver: very hard to find a dealer that will buy for a reasonable price. So I always avoided physical gold and silver.

Best of luck to you!

Does anyone actually keep gold and sliver and even cash on hand in their homes or secure and close by in case of a true emergency and all electronic options are non-functioning?

I've been seriously considering adding some actual gold and silver to my "bug out kit". Of course when things honestly get that bad. Lead will carry a lot of value in various ways. ������ And I've got a lot of that on hand.

[raananh]

Originally Posted by Ruger2506

Does anyone actually keep gold and sliver and even cash on hand in their homes or secure and close by in case of a true emergency and all electronic options are non-functioning?

I've been seriously considering adding some actual gold and silver to my "bug out kit". Of course when things honestly get that bad. Lead will carry a lot of value in various ways. ������ And I've got a lot of that on hand.

Read above and you can see that people actually buy physical gold and silver and store it at their homes.

When you buy physical gold or silver, you pay extra $$$ above the real value gold/silver. When you sell, you get less $$$ then the value of silver/gold.

In contrast, I buy the "GLD" and "SLV" ETFs from the convenience of my home and sell it also at the convenience of my home without any worries about the gold/silver being stolen or lost or paying any fees.

P/S: I am not an expert, but please don't buy silver or gold now. They broke record prices. You missed the boat.

Have a nice day.

[Ruger2506]

Originally Posted by raananh

Read above and you can see that people actually buy physical gold and silver and store it at their homes.

When you buy physical gold or silver, you pay extra $$$ above the real value gold/silver. When you sell, you get less $$$ then the value of silver/gold.

In contrast, I buy the "GLD" and "SLV" ETFs from the convenience of my home and sell it also at the convenience of my home without any worries about the gold/silver being stolen or lost or paying any fees.

P/S: I am not an expert, but please don't buy silver or gold now. They broke record prices. You missed the boat.

Have a nice day.

Depends on what you are buying for. In a true crisis real hard green cash itself may be worth $hit. Afterall it's just paper with someone's word backing it. Gold and silver are tangible items that can be used to trade despite the value of the dollar. Look at Zimbabwe around 2008. I'm thinking long term Hurricane Katrina or Hurricane Helene type stuff.

If things really get that bad. Flour, wheat, meat, skills all become valuable barter, more so than a precious metal. I suppose once you get to Mad Max type stuff, lead and water will have much more value than any "precious metal".

Of course if you are referring to investing (buying and selling) you are right. It's time for metals to possibly correct.

[raananh]

Originally Posted by Ruger2506

In a true crisis real hard green cash itself may be worth $hit. Afterall it's just paper with someone's word backing it. Gold and silver are tangible items that can be used to trade despite the value of the dollar.

IF and WHEN we have such a local or global crisis that paper money, including Dollars is worthless, then physical gold keeps its value.

When did that last happen? In Zimbabwe they simply paid with paper USA Dollars (black market).

Try today to pay for anything with Physical gold you have. Any chance someone would accept your gold as payment today?

Gold is also quite easy to fake. You need special equipment to make sure the gold is actually gold. Can you tell if a gold coin is 100% gold or just 80% gold?

Also, say you have small gold coin worth $500 and you need buy food for $100. Are you going to get "change"?

Please spare yourself and your mental well-being from a paranoia that "end of the world may come" and only if you have gold you would survive.

Originally Posted by Ruger2506

Of course if you are referring to investing (buying and selling) you are right. It's time for metals to possibly correct.

Yes, I was referring to investing. But I was mostly referring to liquidity, saving money in fees and diversification

Have a nice day.

[TwinTurboViper]

Originally Posted by Kenswing

With gold over $4,600 an ounce and silver in the mid $90’s, is anyone else thinking of offloading some of their holdings? I’m mighty tempted.

I too am heavily invested in Gold GLD and Silver AG and have about $70K in GAINS so far. (50 of that will be "long term in Feb) I bought another 50K in GLD to day but like you.... have my finger on the trigger... especially Silver.

Have learned to "throw the dice" and to keep my eye on it. Good luck to you

[TwinTurboViper]

Originally Posted by raananh

Yes, value of any "paper" investment (e.g. stock, mutual fund, ETF or bond) can go to zero in certain extreme cases.

The value of physical Gold or Silver become instantly zero when it's stolen. No alarms or trends before that happens.

To prevent stealing of physical Gold you need to spend $$$ constantly (safe, alarms, etc). So, most people rely on brokers that "store" the physical Gold / Silver for them... for $$$.

And if you think you can 100% trust those dealers...

Instead, put a "stop loss" order with your broker when the value your "paper" investment goes down to a certain level and you have absolutely nothing to worry about. The broker will automatically sell your investment when it goes down to the price you pre-determined.

All the best to you.

Your exactly right...keeping Gold in your house is just plain stupid. I buy GLD and have made a killing....

[TwinTurboViper]

Originally Posted by raananh

I am not a top expert, but I think Gold and especially Silver will go up much more in price.

Since it's a hassle, risky, costly and heavy to actually hold physical gold and silver, I invested in ETF fund "SLV" and "GLD" which follow the price of Gold and Silver.

With ETF fund, I simply put a "stop loss" order with my broker so if the price of Gold or Silver goes down by a certain amount, than automatically sell.

... and I enjoy retirement without any worries.

As for physical gold and silver: very hard to find a dealer that will buy for a reasonable price. So I always avoided physical gold and silver.

Best of luck to you!

You nailed it. Why people don't understand Keeping Gold in your home is crazy.
I too own Gold and Silver

[TwinTurboViper]

They ( 99%) of them that are buying will flat Rip you off. This is why I buy Gold and Silver Stocks.
Have about $10,000 in gold jewelry my Mother left me and you'd be amazed at how many will try and give you 50% of what the real value is. Took me several tried but I've learned people and jewelers will screw you in a heartbeat trying to buy your Gold.
ALWAYS ALWAYS GET AT LEAST 3 DIFFERNT ESTIMATES

[Ruger2506]

Originally Posted by raananh

Please spare yourself and your mental well-being from a paranoia that "end of the world may come" and only if you have gold you would survive.

.

You assume it is paranoia. Perhaps it's something else. Perhaps it's a longing for those days. Perhaps it's desire for the crappy world as we know it to end and time for an earth reboot with a few of us crazy fighters sticking it out in survival bliss. I'm still rooting for the modern era killing solar flare.