If I owned Gold right now....................

DoubleEagle59 · August 12, 2019 7:40PM

I'd go straight to my local PM dealer and swap the entire stash for silver and platinum (in a 50-50 split), based on the very attractive ratios.

Timbuk3 · August 12, 2019 10:01PM

Sorry, not me, hoarding my gold !!!

Bochiman · August 12, 2019 10:35PM

Not me.
From a historical, logistical, standpoint, that would look to be the correct action, however, the market is often, and I believe this time as well, emotional rather than logical.

I think some/a lot of the drive is fear/emotion and global. People KNOW gold. It spans countries and cultures. Platinum and Palladium, not so much. Silver does, but gold has the mystique.

blitzdude · August 13, 2019 3:21AM

No way gold is king, nobody wants platinum and silvers just the poor mans metal. I do have a silver hoard but it will be gone as soon as ratio is more favorable to swap. Never give up the yellow for a lesser metal imo.

mapleman · August 13, 2019 4:34AM

@1970s said:
If I was a gold trader, I'd look to sell in the 1540-1580 range, buy back in the high 14's, and then enjoy the ride back up.

Being that I'm not a trader, and I mostly own gold, I think I'll go for a bike ride this morning.

Enjoy your ride I had the same plan s t 1470 but it blew through to 1500.
I'm thinking of using the plan/ selling this week If the trajectory flattens.

Gazes · August 13, 2019 5:22AM

there is something special about gold that is just not the same with Platinum or Silver. You can't just look at numbers.

LukeMarshall · August 13, 2019 5:43AM

I appreciate the beauty and history of many gold American and world coin designs...
but
I tend to agree with you at this junction..

jmski52 · August 13, 2019 6:00AM

If you think that 1500 is fun, just wait.

My ratio is 15:70:15 and I'm stickin' to it.

ricko · August 13, 2019 6:40AM

I agree with @Bochiman ...and do not be surprised to see gold at $1550+ before this cycle is over....Heck, maybe $1600.... However, my predictive record is abysmal.... So consider that as well ... Cheers, RickO

Downtown1974 · August 13, 2019 6:56AM

You do you....I’m keeping my gold.

JJM · August 13, 2019 6:59AM

......and down goes gold $23 in 20 minutes..........😑

JimTyler · August 13, 2019 7:32AM

@JJM said:
......and down goes gold $23 in 20 minutes..........😑

You're not welcome here 😉

DoubleEagle59 · August 13, 2019 8:00AM

@Downtown1974 said:
You do you....I’m keeping my gold.

Most are missing my point.

Exchange gold for what is relatively super cheap for it now and then when the ratio switches back (most likely a 5 year time horizon) you switch back the silver or platinum back to your precious gold and you will increase your gold ounces by at least 30%, regardless if the ounce price appreciates or depreciates.

It's a 'swapping' strategy that everyone should seriously consider if they are holding PMs for the long term.

It's a useless strategy for the short term PM investor.

bronco2078 · August 13, 2019 9:05AM

@DoubleEagle59 said:

@Downtown1974 said:
You do you....I’m keeping my gold.

Most are missing my point.

Exchange gold for what is relatively super cheap for it now and then when the ratio switches back (most likely a 5 year time horizon) you switch back the silver or platinum back to your precious gold and you will increase your gold ounces by at least 30%, regardless if the ounce price appreciates or depreciates.

It's a 'swapping' strategy that everyone should seriously consider if they are holding PMs for the long term.

It's a useless strategy for the short term PM investor.

as long as you are not telling you have any metal swap away. The government has funny ideas though , they would expect taxes to be paid every time you exited no? Paper trails , things being written down on the ins and outs.

Complying with all that and getting beaten up by the spread both ways ? No thanks . If I own a store and get the stuff below melt from the public , then sell it to the public at over melt I'd give it a shot. Maybe as a vest pocket guy that keeps no records of anything ?

I do think the GSR is utterly meaningless since they lost control of the price of gold. Its the metal investors version of astrology

coinpalice · August 13, 2019 9:15AM

gold is the only safe haven. platinum is relatively cheap now and will remain relatively cheap. gold could touch 1,600 in the next 6 weeks, I have enough silver, it's too heavy and bulky

bronco2078 · August 13, 2019 9:21AM

@coinpalice said:
gold is the only safe haven. platinum is relatively cheap now and will remain relatively cheap. gold could touch 1,600 in the next 6 weeks, I have enough silver, it's too heavy and bulky

platinum is a worse thing to own than plutonium . At least with plutonium you get poisoned to death , thats a thrill of sorts . Owning platinum is a much slower less exciting death of boredom .

ricko · August 13, 2019 9:27AM

Fasten your PM seatbelts.... Gold goes down.... now rises....Silver as well..... Rock and roll...Cheers, RickO

tneig · August 13, 2019 2:58PM

If I owned Gold...… , I'd sell it.

PerryHall · August 13, 2019 3:46PM

@tneig said:
If I owned Gold...… , I'd sell it.

Why? It's not like the government is going to start acting fiscally responsible.

MsMorrisine · August 13, 2019 3:53PM

these trade war gains could be short lived

ReadyFireAim · August 13, 2019 5:08PM

I'm excited when it goes up but who am I kidding.
I couldn't sell my collection if gold doubled.

If I had bullion laying around it would be different.
Probably still wouldn't sell yet.

Smudge · August 13, 2019 6:43PM

@ReadyFireAim said:
I'm excited when it goes up but who am I kidding.
I couldn't sell my collection if gold doubled.

If I had bullion laying around it would be different.
Probably still wouldn't sell yet.

I like to have a bullion stack and a coin collection.

derryb · August 13, 2019 6:47PM

I sell on the way down, not on the way up.

bronco2078 · August 13, 2019 7:32PM

@1970s said:

@bronco2078 said:

@coinpalice said:
gold is the only safe haven. platinum is relatively cheap now and will remain relatively cheap. gold could touch 1,600 in the next 6 weeks, I have enough silver, it's too heavy and bulky

platinum is a worse thing to own than plutonium . At least with plutonium you get poisoned to death , thats a thrill of sorts . Owning platinum is a much slower less exciting death of boredom .

I own one platinum coin, and I really like it. Not as much as gold, as I own much more gold.
But I do really like this coin.

DAMN DIRTY APE!!!!!!!

asheland · August 14, 2019 8:37AM

Sorry guys... I like all three! (gold, silver and platinum)

MilesWaits · August 14, 2019 8:52AM

And Palladium.
I am quite content OWNING precious metals, at this time.

blitzdude · August 14, 2019 11:58AM

@tneig said:
If I owned Gold...… , I'd sell it.

You already did back in the $1200s as I recall.

coinpalice · August 14, 2019 1:58PM

yes he did, I remember like yesterday-weak hands

LukeMarshall · August 14, 2019 4:25PM

@asheland said:
Sorry guys... I like all three! (gold, silver and platinum)

@MilesWaits said:
And Palladium.
I am quite content OWNING precious metals, at this time.

Don't forget Rhodium,, it jumped another 1+% today while the other PGMs languished a bit.

Bochiman · August 14, 2019 11:01PM

@blitzdude said:

@tneig said:
If I owned Gold...… , I'd sell it.

You already did back in the $1200s as I recall.

LOL - people here hardly forget anything...and aren't afraid to call things out

Baley · August 14, 2019 11:08PM

The beauty of the zombie thread is it shows our track records...
And gives us guidance on whose advice to consider going forward.

Overdate · August 15, 2019 10:27AM

Gold $1519
Platinum $836
Difference $683!!

Well, at least my platinum credit card still enjoys more prestige.

selling3 · August 16, 2019 10:53AM

@MLBdays said:
I'd swap it all for platinum and make sure my Glock 9mm safety was off....

Please tell me what model Glock has a safety?.

Coinstartled · August 16, 2019 4:48PM

@DoubleEagle59 said:
I'd go straight to my local PM dealer and swap the entire stash for silver and platinum (in a 50-50 split), based on the very attractive ratios.

The swap would be tempting. Problem is the 10% or so transaction cost.

MilesWaits · August 16, 2019 4:49PM

The Glock in your sweat pants when clubbing, hopefully!

DoubleEagle59 · August 17, 2019 5:28AM

@Coinstartled said:

@DoubleEagle59 said:
I'd go straight to my local PM dealer and swap the entire stash for silver and platinum (in a 50-50 split), based on the very attractive ratios.

The swap would be tempting. Problem is the 10% or so transaction cost.

It's worth it.

Coinstartled · August 18, 2019 8:39AM

@DoubleEagle59 said:

@Coinstartled said:

@DoubleEagle59 said:
I'd go straight to my local PM dealer and swap the entire stash for silver and platinum (in a 50-50 split), based on the very attractive ratios.

The swap would be tempting. Problem is the 10% or so transaction cost.

It's worth it.

Maybe or maybe not. The Platinum vs Gold trade has looked good for several years but would have been a loser each time. Seems that commodity, currency and equity prices are no longer decided in open markets but in Davos over a few days each Winter.

Caveat Emptor.

bronco2078 · August 18, 2019 2:49PM

@Coinstartled said:

@DoubleEagle59 said:

@Coinstartled said:

@DoubleEagle59 said:
I'd go straight to my local PM dealer and swap the entire stash for silver and platinum (in a 50-50 split), based on the very attractive ratios.

The swap would be tempting. Problem is the 10% or so transaction cost.

It's worth it.

Maybe or maybe not. The Platinum vs Gold trade has looked good for several years but would have been a loser each time. Seems that commodity, currency and equity prices are no longer decided in open markets but in Davos over a few days each Winter.

Caveat Emptor.

platinum always looks good on paper. Physical platinum is trash , get hammered on the spread and suffer through no liquidity . Sure if you are patient you can execute trades but why bother when if you had gold or silver you would have entered and exited 5 times while your 1 oz platinum languishes on the BST for months waiting for the one fool ready to throw money at it.

bronco2078 · August 18, 2019 3:07PM

Platinum is for people whose main complaint is they are not yet totally onboard with killing themselves and need something to tip them over the edge

OnlyGoldIsMoney · August 18, 2019 4:40PM

I achieved my lifetime goals for gold and silver stacking this year. A slow sell off is part of my retirement plan.

If I were to do anything, other than stand pat, it would be trade silver for more gold.

I avoid platinum and palladium.

TwoSides2aCoin · August 19, 2019 6:24AM

If I had a magic wand, I'd ban "ifs".

bronco2078 · August 19, 2019 6:46AM

gold is moving upwards so dump it in favor of disastrous platinum and heartbreaking silver ? take a 15% haircut in the moment

pain trade

asheland · August 19, 2019 8:37AM

@bronco2078 said:

Platinum is for people whose main complaint is they are not yet totally onboard with killing themselves and need something to tip them over the edge

I just bought some platinum.

asheland · August 19, 2019 8:37AM

TwoSides2aCoin · August 28, 2019 7:02PM

Better to have skin in the game than to sit on the couch and speculate.

MsMorrisine · August 29, 2019 10:23AM

I was thinking last night that today's drop would happen in the next couple of days. I woke up this morning planning to sell. I guess I held my gold flip 1 day too long.

I do not have an idea where it will go from here. As I have said, I cannot predict tweets.

BadAsterisk · August 29, 2019 10:56AM

@TwoSides2aCoin said:
Better to have skin in the game than to sit on the couch and speculate.

Until you realize your skin is still in the game, but you are not.

If I owned Gold right now....................

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pain trade