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Interesting article on Gold

rickoricko Posts: 98,724 ✭✭✭✭✭
in Precious Metals

Here comes the gold rush.... Cheers, RickO
https://www.foxbusiness.com/markets/gold-demand-surges-most-2011

Comments

  • johnny9434johnny9434 Posts: 28,444 ✭✭✭✭✭

    There's a lot of things to like about gold. Thanks for the article 🙂

  • blitzdudeblitzdude Posts: 5,982 ✭✭✭✭✭

    Can't click your article due to the source (Political propaganda) but no doubt the Au is a no brainer. I'd say there's a 100% chance I'll be adding more today. RGDS!

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™

  • blitzdudeblitzdude Posts: 5,982 ✭✭✭✭✭

    Can't click your article due to the source (Political propaganda) but no doubt the Au is a no brainer. I'd say there's a 100% chance I'll be adding more today. RGDS!

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™

  • tincuptincup Posts: 5,195 ✭✭✭✭✭

    Dive! Dive! Dive! How fast things can change in these times!

    ----- kj
  • tincuptincup Posts: 5,195 ✭✭✭✭✭

    A buying opportunity today. Don't know if it will continue down or not.... (my crystal ball is fogged, and I don't have any chicken bones to 'read'....)..... but I'll wager quite a few have added to the stack today. Both gold and silver

    ----- kj
  • GoldFinger1969GoldFinger1969 Posts: 1,922 ✭✭✭✭✭
    edited February 5, 2023 12:52AM

    Here's a recent sell-side report on gold fundamentals.

    I think India is the sleeper to move the price nicely higher by the end of the decade. I would NOT be surprised to see a $3,000 price in the next few years and maybe even $5,000 by 2030.

  • tincuptincup Posts: 5,195 ✭✭✭✭✭

    Interesting and thorough report.... thanks!

    ----- kj
  • Glen2022Glen2022 Posts: 939 ✭✭✭✭

    Gold doesn't pay dividends.

  • jmski52jmski52 Posts: 22,917 ✭✭✭✭✭

    If dividend payouts are your primary objective, then you should be buying dividend-paying stocks instead of gold. Make sense?

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • Glen2022Glen2022 Posts: 939 ✭✭✭✭

    But dividends allow me to buy PM.

  • ExbritExbrit Posts: 1,306 ✭✭✭✭

    @Glen2022 said:
    But dividends allow me to buy PM.

    So what are you? The chicken or the egg?

  • Glen2022Glen2022 Posts: 939 ✭✭✭✭

    Must be the chicken, eggs too expensive.

  • metalmeistermetalmeister Posts: 4,586 ✭✭✭✭✭

    Best to own everything. Including Gold!

    email: ccacollectibles@yahoo.com

    100% Positive BST transactions
  • GoldFinger1969GoldFinger1969 Posts: 1,922 ✭✭✭✭✭
    edited February 12, 2023 6:50AM

    @jmski52 said:
    If dividend payouts are your primary objective, then you should be buying dividend-paying stocks instead of gold. Make sense?

    Well, I personally buy dividend-paying stocks that aren't commodity related. Stocks are volatile enough, I don't need the underlying volatility of a commodity added to it. And while many mining companies seem to have gotten religion about CAPX and shareholder value, the fact remains most were LOUSY stewards of capital from 2005-2020.

    Also, if you want gold as "disaster insurance" then you probably want to own the metal, not a piece of paper like a gold stock, an ETF, or a monthly statement saying you own 10 bars in Podunk, Utah. :)

  • jmski52jmski52 Posts: 22,917 ✭✭✭✭✭

    Nah, it's still not worth it.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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