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July 10, 2023, 10:54 AM #1
Anyone here purchase physical Gold and or Silver?
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-----------------
Brian
Main System - Rotel RCD-1572 / Rega P3 > Luxman 505UX Mark II > Fyne Audio F502SPs > Synergistic Cables
Secondary - OPPO 93 > VAC CLA 1 MKII Pre > Odyssey Stratos > Dynaudio Audience 82s > Tara Labs Cables
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July 10, 2023, 11:38 AM #2
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Re: Anyone here purchase physical Gold and or Silver?
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July 10, 2023, 02:09 PM #3
Re: Anyone here purchase physical Gold and or Silver?
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?
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July 10, 2023, 02:16 PM #4
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July 10, 2023, 02:29 PM #5
Re: Anyone here purchase physical Gold and or Silver?
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.
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Brian
Main System - Rotel RCD-1572 / Rega P3 > Luxman 505UX Mark II > Fyne Audio F502SPs > Synergistic Cables
Secondary - OPPO 93 > VAC CLA 1 MKII Pre > Odyssey Stratos > Dynaudio Audience 82s > Tara Labs Cables
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July 10, 2023, 02:30 PM #6
Re: Anyone here purchase physical Gold and or Silver?
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Brian
Main System - Rotel RCD-1572 / Rega P3 > Luxman 505UX Mark II > Fyne Audio F502SPs > Synergistic Cables
Secondary - OPPO 93 > VAC CLA 1 MKII Pre > Odyssey Stratos > Dynaudio Audience 82s > Tara Labs Cables
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July 10, 2023, 02:48 PM #7
Re: Anyone here purchase physical Gold and or Silver?
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.
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July 10, 2023, 03:51 PM #8
Re: Anyone here purchase physical Gold and or Silver?
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.Jock
If you have integrity, nothing else matters. If you don't have integrity, nothing else matters.
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House: Naim ND555/2PS, Naim 552, Naim 500, Studer A80/Doshi V3, Magico M2s, 2 Magico Q-Sub 15s, Lumina IC/SC, Shunyata Everest and Omega PCs.
Workshop: Naim ND555/2 PS, VAC Master Pre, VAC Sig 200iQ, Border Patrol pre/power, Avant Garde Duo Mezzo XD, 2 Magico Q-Sub 15s, Shunyata IC/SC, Shunyata Typhon QR/Triton V3/Sigma PCs.
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July 10, 2023, 03:56 PM #9
Re: Anyone here purchase physical Gold and or Silver?
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!
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July 10, 2023, 05:19 PM #10
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July 10, 2023, 05:41 PM #11
Re: Anyone here purchase physical Gold and or Silver?
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Brian
Main System - Rotel RCD-1572 / Rega P3 > Luxman 505UX Mark II > Fyne Audio F502SPs > Synergistic Cables
Secondary - OPPO 93 > VAC CLA 1 MKII Pre > Odyssey Stratos > Dynaudio Audience 82s > Tara Labs Cables
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July 10, 2023, 05:56 PM #12
Re: Anyone here purchase physical Gold and or Silver?
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.
Micro Seiki SX-8000 air bearing table, SME 312s arm, SME 3012R arn, Dynavector XV-1s cartridge, Lyra Etna SL cartridge, ARC Ref 3 phono stage, Otari MX-55 2 track R2R, Ampex 350 tape repros, Roon Nucleus Plus music server, HiFi Rose 150B DAC, ARC Ref 6, ARC Ref 75 with KT-150s, Parasound JC5 amp , JBL 4345 speakers, Viero Equilibro Level 3 speaker cables, and Definitive Technology Ref subs.
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July 10, 2023, 06:13 PM #13
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July 10, 2023, 07:13 PM #14
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Re: Anyone here purchase physical Gold and or Silver?
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
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July 10, 2023, 07:14 PM #15
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Re: Anyone here purchase physical Gold and or Silver?
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.
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July 10, 2023, 07:16 PM #16
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July 11, 2023, 07:30 AM #17
Re: Anyone here purchase physical Gold and or Silver?
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?-----------------
Brian
Main System - Rotel RCD-1572 / Rega P3 > Luxman 505UX Mark II > Fyne Audio F502SPs > Synergistic Cables
Secondary - OPPO 93 > VAC CLA 1 MKII Pre > Odyssey Stratos > Dynaudio Audience 82s > Tara Labs Cables
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July 11, 2023, 07:34 AM #18
Re: Anyone here purchase physical Gold and or Silver?
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Brian
Main System - Rotel RCD-1572 / Rega P3 > Luxman 505UX Mark II > Fyne Audio F502SPs > Synergistic Cables
Secondary - OPPO 93 > VAC CLA 1 MKII Pre > Odyssey Stratos > Dynaudio Audience 82s > Tara Labs Cables
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July 11, 2023, 07:43 AM #19
Re: Anyone here purchase physical Gold and or Silver?
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.
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Brian
Main System - Rotel RCD-1572 / Rega P3 > Luxman 505UX Mark II > Fyne Audio F502SPs > Synergistic Cables
Secondary - OPPO 93 > VAC CLA 1 MKII Pre > Odyssey Stratos > Dynaudio Audience 82s > Tara Labs Cables
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July 11, 2023, 09:09 AM #20
Re: Anyone here purchase physical Gold and or Silver?
Micro Seiki SX-8000 air bearing table, SME 312s arm, SME 3012R arn, Dynavector XV-1s cartridge, Lyra Etna SL cartridge, ARC Ref 3 phono stage, Otari MX-55 2 track R2R, Ampex 350 tape repros, Roon Nucleus Plus music server, HiFi Rose 150B DAC, ARC Ref 6, ARC Ref 75 with KT-150s, Parasound JC5 amp , JBL 4345 speakers, Viero Equilibro Level 3 speaker cables, and Definitive Technology Ref subs.
Reviewer for Positive Feedback
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July 11, 2023, 09:13 AM #21
Re: Anyone here purchase physical Gold and or Silver?
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Brian
Main System - Rotel RCD-1572 / Rega P3 > Luxman 505UX Mark II > Fyne Audio F502SPs > Synergistic Cables
Secondary - OPPO 93 > VAC CLA 1 MKII Pre > Odyssey Stratos > Dynaudio Audience 82s > Tara Labs Cables
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July 11, 2023, 06:45 PM #22
Re: Anyone here purchase physical Gold and or Silver?
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.Jock
If you have integrity, nothing else matters. If you don't have integrity, nothing else matters.
---------
House: Naim ND555/2PS, Naim 552, Naim 500, Studer A80/Doshi V3, Magico M2s, 2 Magico Q-Sub 15s, Lumina IC/SC, Shunyata Everest and Omega PCs.
Workshop: Naim ND555/2 PS, VAC Master Pre, VAC Sig 200iQ, Border Patrol pre/power, Avant Garde Duo Mezzo XD, 2 Magico Q-Sub 15s, Shunyata IC/SC, Shunyata Typhon QR/Triton V3/Sigma PCs.
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July 12, 2023, 12:02 PM #23
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July 12, 2023, 12:36 PM #24
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Re: Anyone here purchase physical Gold and or Silver?
... 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.
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AudioShark forum is a leading forum site for High End Audio Discussion, Stereo System Discussion, Home Theater System Discussion, Best Home Stereo System Discussion, Home Theater Installation Discussion etc.
The AudioShark forum was created for sharing the passion of high-end Audio. We have Audiophiles from all over the world participating and sharing their knowledge. From novice to experts, you will find a friendly environment for discussing about High End Audio, Stereo System, Home Theater System, Home Stereo System, Home Theater Installation, Amplifiers, Speakers, Subwoofers, Integrated System, Acoustic treatments & Digital Room Corrections and many more.
At AudioShark, we also have incorporated an exciting Marketplace where members can peruse terrific buys on used gear, as well as meet dealers and discuss the purchase of new gear.
We are as crazy about this hobby as you are! So come on in and join us! Audioshark.org the Friendliest Audio Forum!
Industry Participation Disclosure : The owner and administrator of Audioshark is the owner of Suncoast Audio LLC in Sarasota Florida. Suncoast Audio has a full brick and mortar presence in Sarasota with several great show rooms with many world class brands. More information can be found at http://www.suncoastaudio.com
Audioshark is a community of like minded individuals. Audioshark welcomes participation from all manufacturers and owners of all brands and products. It is our belief that online forums provide a community of like minded audiophiles and music lovers to encourage the growth of this wonderful hobby.
Sincerely,
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Well, I want to share an experience about possible break-in... I have my k03-xd for about 1 year now and recently got into playing a lot of CDs (incl. SACD) which I might have done about 50 times...
My experience with the K-03XD