Gold is near all time high

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DrHenley

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Gold is now hovering right around $1795. The peak was $1900 in 2011 but it was just a spike. After that it spiked to $1800 three times and then dropped way down. High gold prices often indicate fear in the stock market as people are looking for a safe haven for their money.
 
I agree it isn’t the time to buy anymore. Silver is still a pretty affordable investment but has been creeping up too. My advice is with any investing jus make sure you diversify and never put all your eggs in any one basket.
 
Gold has surpassed the all time high.

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Hold your gold and silver as FIAT currencies are debasing in a race to the bottom. Gold and silver are stores of wealth for 5000 years plus, paper promises have a 100% fail rate.

Governments worldwide are printing up trillions and throwing it out as helicopter money to stave off a global depression, last seen in 1929.

Watch this:



Economist Alasdair Macleod says all over this year.
 
if you are looking to turn a profit on your gold now is the time,before this settles out gold like everything else will drop in value and it may nose dive and take years to recover,,,take your profit,let the bottom drop out and when it nears the bottom buy back in,gold will recover it always has and always will
 
now if you are certain the bottom is going to drop out and we are going back to the wild west,,,,,stock up on ammo,it will be the new gold
I agree ammo would be valuable if shtf. As far as gold, I’m not sure. If the economy tanks then gold will likely hold value better than paper currency. I think it’s too late to sensibly buy gold right now, but also don’t think I would sell any either. I’m feeling the economy is going to nosedive before much longer. I wish I could think of several alternative investments right about now.
 
I agree ammo would be valuable if shtf. As far as gold, I’m not sure. If the economy tanks then gold will likely hold value better than paper currency. I think it’s too late to sensibly buy gold right now, but also don’t think I would sell any either. I’m feeling the economy is going to nosedive before much longer. I wish I could think of several alternative investments right about now.
invest in your self,,,,,,,,, it should be a sure thing
 
to be honest if I thought the bottom was going to drop out completely I would buy AR 15s and ammo for them,,,1 rifle and 500 rds of ammo and double your money,,,as many as I could afford to buy,,,,,,,,,,,,,,,,,,,,$700 turned to $1400,and they would sell like hotcakes
That’s actually not a terrible idea. If you didn’t sell it then they are added security. I do believe in tangible items and especially when they have multiple uses.
 
I think it's a bad idea to sell a single silver nugget right now. Look at the 10 year graph of silver & gold. Gold has quickly climbed to where it was a decade ago. Silver go to the $40-50 /oz range back then. The $23 price today is a bargain by comparison. Heck, if anything, I'd recommend buying more right now.
 
I would not recommend selling any gold or silver at this time, unless your only purpose in owning precious metals is for an investment. Then treat gold as you would your stock investments; buy low and sell high.
My strategy is to hold my gold/silver and precious stones until there's a real crisis. If I don't need it then it will go to my kids and grand kids.
As I've said before; one should only buy gold/silver after their other needs are met. If a person is out of debt, I'd recommend holding about 20% in gold and silver as part of ones investment portfolio.
 
I would not recommend selling any gold or silver at this time, unless your only purpose in owning precious metals is for an investment. Then treat gold as you would your stock investments; buy low and sell high.
My strategy is to hold my gold/silver and precious stones until there's a real crisis. If I don't need it then it will go to my kids and grand kids.
As I've said before; one should only buy gold/silver after their other needs are met. If a person is out of debt, I'd recommend holding about 20% in gold and silver as part of ones investment portfolio.
I can’t agree more with the comment about AFTER all your other needs are met then it’s good to have precious metals as an investment. I hear people talking about buying things while they have credit card debt. If you have credit card debt then you can’t afford to buy anything.....
 
I've been buying silver more so the past 3 years, I put gold on hold early 2018 due to prices, I stopped buying silver when it topped $20 bucks recently. For me gold and silver is not a buyers market and who knows when it will be if ever given the economic uncertainty of the industrialized countries.

But, I'm wondering if this election year isn't part of the inflating gold prices as it appeared it did in 2011.
 
I've been buying and collecting gold and silver since before I was a teenager. Got my start when my grandfather split up a large horde of silver dollars that he found in the 60's. In the late 70's and 80's I owned a placer gold mine that paid off very well. The gold from that mine asseyed at 93% and I was able to sell the fines and small flakes for 90% of spot. Many of the nuggets sold for 2-3 times spot, and more. Eventually I sold the mine for a nice profit.
For the most part I stopped buying gold (rounds and bars) when the price hit $1,000, but continued collecting US gold coins.
I've been thinking about buying a few bags of pre 64 silver coins just to have on hand.
 
we talk about buying when prices are low and selling when high,,,,,with gold so high right now I would sell,set the money aside and when gold dropped down to $1500 I would buy back in and end up with more than I started with
That's not a bad strategy either. If I needed the cash I would sell now too. It's possible that I may not live long enough to see a significant drop in the price of gold to buy it back. Unless theres a true financial crisis in the near future I plan to leave it, and most of my other assets to my kids and grand kids, assuming I still like them at that time.
 
Imo its not going to see 1500 again those days are gone. Its going to sail right past 2k and i am confident we will see 2500 in the not so distant future.
 
No one has a crystal ball and can accurately predict the future. I do feel there is a crash coming though. As far as selling any physical precious metals right now my thoughts are hold on to them. The whole idea of them is a safety net against the paper dollar. With the turbulence of the economy and virus this is the best time to have that extra insurance. Sure you can day trade right now, many are and making some money, but it’s risky. The stored wealth and security of gold and silver is exactly why I bought some in the first place.
 
No one has a crystal ball and can accurately predict the future. I do feel there is a crash coming though. As far as selling any physical precious metals right now my thoughts are hold on to them. The whole idea of them is a safety net against the paper dollar. With the turbulence of the economy and virus this is the best time to have that extra insurance. Sure you can day trade right now, many are and making some money, but it’s risky. The stored wealth and security of gold and silver is exactly why I bought some in the first place.

I agree.

The way I see it, if a crash does come, it's strictly caused by politician not having the balls to say no! We always assumed gold and silver is a safety net but that's not a guarantee, we may find that bartering may be more valuable than gold and silver, in the not to distanced future you may offer a man an half ounce of silver for two cans of corn and he's going to look at you saying, where the hell can I use that at, I'll take 6 rounds of .22. We can't always use the past to predict the future. We could end up were gold is outlawed for anyone to use as it was from 1933 to 1974 in the US, if the government remain intact the fiat currency crashed, gold outlawed which is very very plausible in fact, it's more likely to happen if the fiat currency fails then what?

In 1933 Roosevelt signd executive order 6102 had made it a criminal offense for U.S. citizens to own or trade gold anywhere followed by the Gold Reserve Act in 1934. Buying gold isn't solid ground there are substantial risks with even owning gold.
 
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