OT: Silver
BabyDoc
Wayfaring Stranger
My guy asked whether I thought the price would continue higher or reverse back to where it has been sitting forever. I told him that since I was selling it was a guarantee that the price would keep rising and if I started buying then he would know the price was headed lower. Well damn if the price isn’t going up and up.
I know all the “reasons” that commodity traders like to tell themselves but with the way the government is printing money (obscene amounts) and the way the dollar is dropping I’m facing a bit of a dilemma. As I said, I never really meant to own silver but I do. While I only sold a handful I have a bunch more. If I sold it now I would lock in a very respectable return but I don’t need the cash and those dollars are becoming worth less and less everyday so maybe I should just keep my stash of silver even though I don’t really want it.
So where is the price headed? Do I cash out, let it ride or do I climb up on a roof top and throw maple leafs at the terrorists rioting in the streets below? Yeah I'm bored.
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https://tuscl.net/discussion/61009/
Some people thought I was foolish to buy into gold.
Now, less than two years later on 07/27/2020, gold is 1,941.77.
That is a 62.04% gain in value in less than two years. I guess a dumb country bumpkin like me knows more than the TUSCL "financial gurus".
I remember that. I am a fan of gold and plan to die with my holdings still in my safe so it’s all good. My average cost basis is about $1100. I stopped buying when the price went above $1250 waiting for it to go back below $1200. LOL
AAPL: 96.93%
AMZN: 242.01%
FB: 70.31%
GOOGL: 51.6%
NFLX: 96.47%
MSFT: 55.87%
AMD: 151.4%
If you're bragging about returns on a single asset since 10/2018, you definitely underperformed. You definitely beat the S&P though so congrats.
Yeah I get that. For every $10k you put into gold in 10/2018, you got ~$6, 204. You would have gained $4,809 if you put in the S&P. You would have gained ~$7,000 if you put it in the NASDAQ. You would have gained $24,201 if you put it in AMZN. So gold was definitely a good pick. I'd just recommend when you brag about it, leaving out the part about how you're smarter than all the other TUSCL financial geniuses lol.
S+P 07/27/2020: 3,239.41
That is a 10.8% gain.
Nasdaq 10/03/18: 7,999.55
Nasdaq 07/27/20: 10,536.27
That is a 31.77% gain.
Dougster Version 948 = Sancho, where are you getting your bogus numbers from?
https://www.barchart.com/etfs-funds/quot…
https://www.barchart.com/etfs-funds/quot…
1. You get a kick out of having it in your physical possession.
2. You are convinced the Mad Max Apocalypse is just around the corner.
There is two false reasons to own precious metals:
1. You believe it will outperform a diverse basket of stocks over the long term
2. You believe you can time the market and get in, and out, at just the right time.