There were quite a few years when that didn't look so good, while the price was dropping. I.e., from the peak in 1980 to the low around 2000.Cortopassi wrote:Aarghh...Libertarian666 wrote:My average basis is about $400. Maybe that makes a difference.I Shrugged wrote:I seldom look at my PP or its components.
I guess because my buy in of gold was below 800, I see it differently. If the current prices are waffling back and forth between a paper loss and gain, I can see how that would keep you worked up. I am in gold for the long, long run.
I still have some gold from the 1970's that I'm probably going to sell (and rebuy) this year because I have a lot of unused capital gains space due to having virtually no taxable income at present. Why not use the opportunity to reset my basis at $1300 instead of $200 or whatever it currently is?