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Generic Gold questions...

CarterofmarsCarterofmars Posts: 75 ✭✭✭
in U.S. Coin Forum

Do any of you guys play generic gold? Some are predicting 2500 spot by years end.

Comments

  • Cougar1978Cougar1978 Posts: 8,833 ✭✭✭✭✭
    edited July 2, 2024 8:42PM

    When can get good deal I acquire them.

    Investor
  • jmlanzafjmlanzaf Posts: 36,944 ✭✭✭✭✭
    edited July 3, 2024 5:10AM

    If you think gold is going up within the year, buy paper gold as it is more efficient: tighter bid/ask spreads.

    If gold went to $2500 in the next 6 months, that's only about 8% from where we are now. The buy/ sell spread in physical gold will cost you about half of that. So even IF gold hits $2500, you'll only make 4% (8% APR) which is no giant windfall for the risk.

    People who stack physical gold are not generally trying to flip it for short term gains.

    IMHO

    All comments reflect the opinion of the author, evn when irrefutably accurate.

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