seajay wrote: ↑Thu Aug 10, 2023 12:22 am
If you're near retirement/drawdown, a reasonable gold exit strategy IMO is to spend gold first.
Agree, I could sell some of the gold to fund a Social Security substitute from retirement to age 70. I retire in 32 months, will take Social Security at 70. Let's hope it's broken out to the upside in 32 months.
actually over most time frames equities and gold has beaten equities and bonds for more than 2 decades …if anything i wouldn’t single gold out for spending .
kind of crazy that bonds which pays interest have not kept up with equities and gold as far as a balanced portfolio goes
dualstow wrote: ↑Wed Sep 06, 2023 2:00 pm
Many people know about the seizure of U.S. citizens’ gold in the 1930’s, but do you know how much the cash compensation was?
I think I may have read about it a few times. But I'm guessing it was not much.
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
dualstow wrote: ↑Wed Sep 06, 2023 2:00 pm
Many people know about the seizure of U.S. citizens’ gold in the 1930’s, but do you know how much the cash compensation was?
I think I may have read about it a few times. But I'm guessing it was not much.
It was definitely full value, as defined by the definition of the dollar in terms of gold. $28/oz? $35/oz? Something like that.
Chinese investors and households have been buying gold as a refuge from property and stock market mayhem, helping support record prices for the haven asset.
— Harry Dempsey, Financial Times
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I've recently taken to purchasing gold bars/coins that are encased in protective plastic. I get a little nervous at the idea of purchasing naked gold that could get shellacked at any moment.
Smith1776 wrote: ↑Fri Feb 02, 2024 12:03 pm
I've recently taken to purchasing gold bars/coins that are encased in protective plastic. I get a little nervous at the idea of purchasing naked gold that could get shellacked at any moment.
Wouldn’t you rather check them out and encase them yourself?
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Smith1776 wrote: ↑Fri Feb 02, 2024 12:03 pm
I've recently taken to purchasing gold bars/coins that are encased in protective plastic. I get a little nervous at the idea of purchasing naked gold that could get shellacked at any moment.
Wouldn’t you rather check them out and encase them yourself?
The couple stores I go to both are gracious enough to let me see Sigma Metalytics test results before I walk out the door.