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What do you consider to be "long term"?

PerryHallPerryHall Posts: 46,138 ✭✭✭✭✭
in Precious Metals
Someone in another thread reminded us that PM's are a long term investment which I pretty much agree with. But as an old guy it got me thinking---how long is long term when it comes to PM investments? What say you?

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

Comments

  • MGLICKERMGLICKER Posts: 7,995 ✭✭✭
    Not being one to hold assets for extended periods, 5-10 years qualifies.

    I have friends that consider holding stuff for a lifetime to be the norm.
  • derrybderryb Posts: 36,824 ✭✭✭✭✭
    As long as it takes. image

    "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

  • Downtown1974Downtown1974 Posts: 6,796 ✭✭✭✭✭
    Well, Im 40 years old...so I have time. I have no problem at all keeping my metals in the safe for decades if I need to.
    I bought my metals responsibly...a little here, a little there. I never strapped myself to buy them. Unless Im adding to my stack....I don't even check spot prices.

    MY GOLD TYPE SET https://pcgs.com/setregistry/type-sets/complete-type-sets/gold-type-set-12-piece-circulation-strikes-1839-1933/publishedset/321940

  • OPAOPA Posts: 17,121 ✭✭✭✭✭
    What do you consider to be "long term"?

    Anything over 1 year. (got to abide by the IRS rulesimage)
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • GrumpyEdGrumpyEd Posts: 4,749 ✭✭✭
    I think age has something to do with it.
    If it's late in my lifespan that's long term but beyond that I don''t need to worry about it image
    Ed
  • agentjim007agentjim007 Posts: 6,256 ✭
    Helluva lot longer now than a couple days ago.
  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭


    << <i>Someone in another thread reminded us that PM's are a long term investment which I pretty much agree with. But as an old guy it got me thinking---how long is long term when it comes to PM investments? What say you? >>



    I'm a COF like you Dennis, so it's possible I'll never survive to see long term come to fruition.image
    theknowitalltroll;
  • tneigtneig Posts: 1,505 ✭✭✭
    Until you stop feeling like a sap, and then start feeling like you made out.

    ------
    Oops, hit post too soon.
    Seriously you should have some idea what it is for YOU before you buy.
    COA
  • PerryHallPerryHall Posts: 46,138 ✭✭✭✭✭


    << <i>

    << <i>Someone in another thread reminded us that PM's are a long term investment which I pretty much agree with. But as an old guy it got me thinking---how long is long term when it comes to PM investments? What say you? >>



    I'm a COF like you Dennis, so it's possible I'll never survive to see long term come to fruition.image >>



    Wasn't sure what COF meant so I googled it.image

    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

  • cohodkcohodk Posts: 19,132 ✭✭✭✭✭
    I think of "long-term" as a crutch as it is what every investor in every asset class falls back upon.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • Steve27Steve27 Posts: 13,274 ✭✭✭
    In metals it's 20 years.
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
  • MGLICKERMGLICKER Posts: 7,995 ✭✭✭


    << <i>I think of "long-term" as a crutch as it is what every investor in every asset class falls back upon. >>



    Post of the day!!!
  • bidaskbidask Posts: 14,017 ✭✭✭✭✭
    How ever the IRS defines it for tax purposes.
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭


    << <i>I think of "long-term" as a crutch as it is what every investor in every asset class falls back upon. >>




    imageimageimage
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    I'm 48 and I've never viewed long term in anything other than marriage, parenthood and employment to be longer than 6 months.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • rawteam1rawteam1 Posts: 2,472 ✭✭✭


    << <i>I think of "long-term" as a crutch as it is what every investor in every LOSING asset class falls back upon. >>


    There fixed it... Lol
    keceph `anah
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