Anyone here purchase physical Gold and or Silver?

[Shadowfax]

Becoming more interested in investing in Physical Gold but no idea where to start or what to trust. Any suggestions on a reliable way to do this? Any experiences good or bad?

TIA

[nicoff]

How To Buy Gold – Forbes Advisor

[Barry]

I'm really not sure why anyone would want to do this. As the attached article shows, long term returns for stocks and bonds are higher than gold, and gold's standard deviation of returns makes it a riskier asset (e.g. it's volatility, is higher than these 2 other asset classes). If your planning to trade gold, and apparently don't know this, and/or you're asking on an audio forum about investment advice whether this is a good idea --- good luck. Exactly what is your financial goal?

How Does Gold Compare With Other Common Investment Options?

[nicoff]

I'm really not sure why anyone would want to do this. As the attached article shows, long term returns for stocks and bonds are higher than gold, and gold's standard deviation of returns makes it a riskier asset (e.g. it's volatility, is higher than these 2 other asset classes). If your planning to trade gold, and apparently don't know this, and/or you're asking on an audio forum about whether this is a good idea --- good luck.

How Does Gold Compare With Other Common Investment Options?

The reason why investors invest in Gold is for portfolio diversification purposes. That does not mean that they have to physically own (and store) bullions or coins.

[Shadowfax]

I'm really not sure why anyone would want to do this. As the attached article shows, long term returns for stocks and bonds are higher than gold, and gold's standard deviation of returns makes it a riskier asset (e.g. it's volatility, is higher than these 2 other asset classes). If your planning to trade gold, and apparently don't know this, and/or you're asking on an audio forum about investment advice whether this is a good idea --- good luck. Exactly what is your financial goal?

How Does Gold Compare With Other Common Investment Options?

I asked here mainly because I thought people with enough spare cash for HE Audio might also have diversified investments. The FIAT system could/likely fail for several reasons and if it does, paper money and Gold Paper will be worthless. If you are paying attention globally, many other countries are moving back to a Gold Backed Currency while the US has apparently squandered a lot of it's Gold. They can't just keep printing Trillions of dollars out of thin air and think it can be sustained. Why do you think there has never been an audit of the Federal Reserve and Central Bank since the 50's? Physical Gold no matter how it is currently performing could end up being the only savings many people will end up with if they have it in their hands.

[Shadowfax]

The reason why investors invest in Gold is for portfolio diversification purposes. That does not mean that they have to physically own (and store) bullions or coins.

If I do it, I want to have the physical gold in my hands because if SHTF, there will be a run on all the Gold Paper and they cannot back it all up with physical gold.

[Mike]

I’ve never been tempted to buy gold. Would rather just stick with a low cost S&P 500 index fund. I usually like a good REIT, but with interest rates, likely not good now.


Sent from my iPhone using Tapatalk Pro

[the professor]

I know several people that have a little physical gold - guessing 2-3% of their portfolio so not much. Not so much as an investment as SHTF money. They have bought 1oz gold coins. Easily buyable and sellable.

One thing to consider though is as it is a physical thing, you do have to pay state sales tax on it when you buy it. That's a heavy premium in most states. Here in Oregon is a great place to buy things since there is no sales tax.

[Barry]

Well, if you're concerned about a doomsday scenario, maybe it makes sense for you. You have to determine what your exit plan is if it doesn't happen and how much you can afford to put at risk given the volatility of the asset. There are a few other things I might worry about that are maybe more likely to happen. Good luck!

[nicoff]

I asked here mainly because I thought people with enough spare cash for HE Audio might also have diversified investments. The FIAT system could/likely fail for several reasons and if it does, paper money and Gold Paper will be worthless. If you are paying attention globally, many other countries are moving back to a Gold Backed Currency while the US has apparently squandered a lot of it's Gold. They can't just keep printing Trillions of dollars out of thin air and think it can be sustained. Why do you think there has never been an audit of the Federal Reserve and Central Bank since the 50's? Physical Gold no matter how it is currently performing could end up being the only savings many people will end up with if they have it in their hands.

Have you built your bunker yet? If not, just make sure to design it so you have room for your gold.

[Shadowfax]

Have you built your bunker yet? If not, just make sure to design it so you have room for your gold.

That's funny. A few ounces does not take up much room.

[mep]

I think if you are actually going to buy gold and keep it at your home, it would be a great idea to go on public forums and let people know that. FB would be a great site to make that public and make sure you post pictures while you are on your next vacation so people know when you aren't home.

[puroagave]

I’ve never been tempted to buy gold. Would rather just stick with a low cost S&P 500 index fund. I usually like a good REIT, but with interest rates, likely not good now.


Sent from my iPhone using Tapatalk Pro

don't choose one with a substantial office property portfolio, that market is in the toilet.

[Dizzie]

I have used the gold miner ETFs: GDX (major miners) and GDXJ (junior miners). In the past gold used to be a good hedge against the market. But for several years I have found the ETFs failing to go up when the overall market corrects sharply. They provided no hedge. I have also found them failing to rise as much as the overall market when the market went up. IMO precious metals are not the counterbalance they used to be. I do not recommend the ETFs

[Smile]

That's funny. A few ounces does not take up much room.

So, how do a few oz help you when the US dollar "fails", meaning it is no longer accepted as legal tender? "the FIAT system could/likely fail for several reasons and if it does, paper money and Gold Paper will be worthless."
What then, with your gold? Trade it for bread and wine? What will you do with it, what's the scenario and strategy you visualize. I am truly interested.

[Smile]

don't choose one with a substantial office property portfolio, that market is in the toilet.

That is often when you should buy, if you are a speculator.

[Shadowfax]

I think if you are actually going to buy gold and keep it at your home, it would be a great idea to go on public forums and let people know that. FB would be a great site to make that public and make sure you post pictures while you are on your next vacation so people know when you aren't home.

Isn't it interesting how on any forum when someone asks a question and specifically asks for those with experience or positive suggestions, many of responses are not helpful and attempt to belittle the OP? We can Always count on you, MEP, to be "That Guy" to have nothing positive to contribute and always try to make yourself look good by trying to make others look stupid.


Now, are you seriously trying to compare me talking about a few ounces of gold with people who apparently have Money, along with ass comments about Facebook, with all the Gear you just told everyone who can view these forums is sitting at your house?

[Shadowfax]

Have you built your bunker yet? If not, just make sure to design it so you have room for your gold.

Don't plan on building a bunker. But, I do have plenty of non perishable food, 100 gallons of fresh 200 foot well water rotating, lots of Vegetable seeds, cash hidden, along with a small arsenal to protect it. I'm good for now.

[Shadowfax]

So, how do a few oz help you when the US dollar "fails", meaning it is no longer accepted as legal tender?
What then, with your gold? Trade it for bread and wine? What will you do with it, what's the scenario and strategy you visualize. I am truly interested.

Good questions with many possible answers. One as said before, diversification if all goes well. Bread and Wine would also be a good trade depending on the wine and vintage. How about trade it for your life when all the bullets are gone. I realize my scenario leans towards possible doomsday, but isn't it always prudent to prepare for the worst if it's not all that difficult? I can't talk about world events here so I will leave it at that.

[mep]

Isn't it interesting how on any forum when someone asks a question and specifically asks for those with experience or positive suggestions, many of responses are not helpful and attempt to belittle the OP? We can Always count on you, MEP, to be "That Guy" to have nothing positive to contribute and always try to make yourself look good by trying to make others look stupid.


Now, are you seriously trying to compare me talking about a few ounces of gold with people who apparently have Money, along with ass comments about Facebook, with all the Gear you just told everyone who can view these forums is sitting at your house?

How are a "few ounces of gold" going to hold you up if/when SHTF? You also could use some thicker skin and sense of humor. You might need that in your bunker.

[Shadowfax]

How are a "few ounces of gold" going to hold you up if/when SHTF? You also could use some thicker skin and sense of humor. You might need that in your bunker.

I have a thick skin and a sense of humor already, but your underhanded digs are not good humor and you know it. And you failed to read above that I don't plan on having a bunker, try to catch up.

[the professor]

A SHTF moment doesn't have to be a world wide meltdown.

Living in a large earthquake subduction zone, the people in our little community we live in, all have all kinds of survival items - including water, food, medical supplies, ammo, cash, satellite phones etc because according to the experts if the big one hits, it could easily be months before we have anybody outside to help us. Supposedly all the tunnels, bridges will be destroyed. We just aren't big enough to get attention with millions of people affected from N Cali to Vancouver Canada.

It's not expensive to be prepared - we've spent less than a speaker cable to put things in perspective.

[puroagave]

That is often when you should buy, if you are a speculator.

what's the saying, never try to catch a falling knife? the office market has a loooooong way to fall.

[Smile]

what's the saying, never try to catch a falling knife? the office market has a loooooong way to fall.

... and people with much more knowledge and information than us have priced their expectations into the investment. It's not my game, but someone is making a bet in this market as I type.
*What little I do know, much of this commercial office debt will be due and refinanced in the next 3-5 years. Some big city occupancy is 50-60%. So yes, it likely will be a distressed asset play, on the whole.