Yesitisdakid Posted January 6 Posted January 6 Guys The first drink is on you. I walked by a gold shop here in udon this afternoon and was surprised to see the gold price at 65800. I was surprised when it hit 60000 it just keeps going 3 2
biggles Posted January 6 Posted January 6 All the bar girls I laughed at many years ago who bought at 6-7k must be laughing now....tho I doubt that they hung onto it! 1 3
Butch Posted January 6 Posted January 6 Silver is going great guns as well. Gold is just madness at the moment and set to continue. 1 3
richy65 Posted January 6 Posted January 6 I’ve had a gold fund in my investment account the last few years. It’s up 114% so will hopefully continue to grow 1 5
Glasseye Posted January 6 Posted January 6 I have been considering for a while to start buying some gold from time to time as my finances are becoming more stable. But, I am hesitant because I have doubts on how long this run will continue. I don't want to buy in when it is peaking. There are several factors - weakening dollar, lower U.S. interest rates, and geo-political problems (A lot of them happening now, Iran, Ukraine, etc. etc.). Eventually some kind of deal will be made between Ukraine and Russia. Iran will install a new government, as well as the U.S. When that happens and the dollar regains strength and interest rates begin to tick up there may be a sell off. Probably two or three years before I start buying. I wouldn't go near the stock market at this point. I-bonds from here on out. At my age and point of life I want to minimize risk as much as possible. 2
RedDragon64 Posted January 6 Posted January 6 My wife bought a bunch of (physical) gold when she was a teenager. I think she has a few ounces in total. Several times over the years when I'd heard that gold had hit a new high, I told her she should sell some. But she reacted like I was speaking heresy. I asked her actual plan for the gold was, and if she had an actual sell target for it, but she couldn't answer me. She's had it for nearly 40 years now. I don't bother mentioning it anymore. 1 4
Stillearly Posted January 6 Posted January 6 46 minutes ago, Glasseye said: AI bollox .. I don't know how anyone can watch these clips for more than a couple of seconds 1 4
Freee!! Posted January 6 Posted January 6 4 hours ago, Glasseye said: [...] When that happens and the dollar regains strength Thanks to trade diverting from the USA, the dollar won't regain strength as it won't be the world's reserve currency, which is the only thing that kept up its relative strength. 1
Butch Posted January 6 Posted January 6 Silver if you're a UK investor does come with a caveat, for physical silver (as in , Britannias) then not only do you have the "spread" difference between buying it and selling it, anything from 3 - 5% you also have to account for VAT, which is currently 20% which you don't get back if you sell as a private seller. Thus, you need a 25% gain before you make any money. An alternative is an ETF which is allegedly linked to physical silver, but oddly the entire value of one or two ETF funds in silver actually exceeds the physical amount of silver that is in circulation (or so I've read, YMMV on that one - I probably misinterpreted the article though). That said, I have money in a silver ETF from a few years ago.I'm currently up a fair chunk on it, but like everything else, I've got my ceiling and will bail on it when it hits. 3
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