If I owned Gold right now....................
DoubleEagle59
Posts: 8,313 ✭✭✭✭✭
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.
"Gold is money, and nothing else" (JP Morgan, 1912)
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
4
Comments
Sorry, not me, hoarding my gold !!!
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.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
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.
The whole worlds off its rocker, buy Gold™.
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.
there is something special about gold that is just not the same with Platinum or Silver. You can't just look at numbers.
I appreciate the beauty and history of many gold American and world coin designs...
but
I tend to agree with you at this junction..
It's all about what the people want...
If you think that 1500 is fun, just wait.
My ratio is 15:70:15 and I'm stickin' to it.
I knew it would happen.
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
You do you....I’m keeping my gold.
MY GOLD TYPE SET https://pcgs.com/setregistry/type-sets/complete-type-sets/gold-type-set-12-piece-circulation-strikes-1839-1933/publishedset/321940
......and down goes gold $23 in 20 minutes..........😑
You're not welcome here 😉
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.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
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
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 .
Fasten your PM seatbelts.... Gold goes down.... now rises....Silver as well..... Rock and roll...Cheers, RickO
If I owned Gold...… , I'd sell it.
Why? It's not like the government is going to start acting fiscally responsible.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
these trade war gains could be short lived
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.
My Saint Set
I like to have a bullion stack and a coin collection.
I sell on the way down, not on the way up.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
DAMN DIRTY APE!!!!!!!
Sorry guys... I like all three! (gold, silver and platinum)
My YouTube Channel
And Palladium.
I am quite content OWNING precious metals, at this time.
You already did back in the $1200s as I recall.
The whole worlds off its rocker, buy Gold™.
yes he did, I remember like yesterday-weak hands
Don't forget Rhodium,, it jumped another 1+% today while the other PGMs languished a bit.
It's all about what the people want...
LOL - people here hardly forget anything...and aren't afraid to call things out
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
The beauty of the zombie thread is it shows our track records...
And gives us guidance on whose advice to consider going forward.
Liberty: Parent of Science & Industry
Gold $1519
Platinum $836
Difference $683!!
Well, at least my platinum credit card still enjoys more prestige.
My Adolph A. Weinman signature
Please tell me what model Glock has a safety?.
The swap would be tempting. Problem is the 10% or so transaction cost.
The Glock in your sweat pants when clubbing, hopefully!
It's worth it.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
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.
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 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.
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
If I had a magic wand, I'd ban "ifs".
gold is moving upwards so dump it in favor of disastrous platinum and heartbreaking silver ? take a 15% haircut in the moment
pain trade
I just bought some platinum.
My YouTube Channel
My YouTube Channel
Better to have skin in the game than to sit on the couch and speculate.
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.
Until you realize your skin is still in the game, but you are not.