bumping this thread in the wake of what is taking place currently. Curious if anyone is hedging in gold or looking at it as a potential investment right now. I've made a few trades picking up GLDM, selling on a good day and buying it back on the downswing. Obv not getting rich any time soon, but wanted to hear other thoughts on the subject...


Also: https://www.reuters.com/article/us-c...KBN2343K9?il=0

Equity valuations are super high, economic productivity has fallen off a cliff, and the fed is diluting our currency to an extent we have never tested before. I can't think of a much better set up to pile into gold, silver, or even bitcoin if thats your thing. Whatever you think will retain its purchasing power while the fed dilutes our currency on a massive scale over the next few years.

I have a few ITM 2022 GLD leaps as a part of my core long term position for the reasons BCI mentioned

I think Gold will have a sideways pattern for a while like oil had

Although, Gold is generally used for stability anyways so..

The other metals should have some action because of this, in my opinion, and depending on your investing strategy.

SLV broke out.

I started a small position in PALL

I like gold but own the physical so not really interested in buying the ETF

Bitcoin is built on a house of lies, fraud,scammers, and profiteers. Bitcoin not even comparable to Gold. I dare you to engage with me further, I will mop the floor with you, bmg.

Why not?

Bitcoin is a abstraction of the mind
Gold is a physical metal that has properties other metals do not have, Gold is Blockchained by the laws of physics and nature.

Bitcoin cannot store any value because all it's value is subjective. Crypto rats like to say "all" value is subject but they fail to realize some "value" is objective.

I will always be able to throw my gold nugget at their stupid head. However you can only extract any value from bitcoin as long as someone else thinks it has value, once nobody believes it has any value you cannot extract any value from your bitcoin, thus showing you it's value is subjective and only a "perception"

Lets not forget once a ounce of Gold is mined, it's utility is there FOREVER, and doesn't require a miner of the past or future to push forward it's existence to extract any utility, however once I mine a bitcoin, I am reliant on another Miner from past or future to push forward already mined bitcoin, much different than a gold Miner who mines it once!

The reality is, even government issued fiat is a better store of value than a bitcoin ever could be, because if fiat becomes useless I can wipe my ass with it or burn it to keep me warm. The only thing a bitcoin stores is peoples hopes and dreams and most importantly the lesson it will eventually teach!

Before the evangelist say " You got rekt" or " You just don't believe in it" or Understand it, know this I was once a full believer, and I dumped my "my little ponies" at a price people been waiting almost 3 years to get back too!

thats the best you got?

Think Bitcoin and Gold both have a small-medium role (more than currently) to play in portfolios in the future. Over the longer term, def expect bitcoin to eat into gold market share a bit at least. Pretty much seems inevitable when zooming out and taking everything into account at this point.

Sounds like you’re threatened by bitcoin, which is weird and not an optimal mind state to be in with regards to investing and wealth preservation decisions.

I just told you how bitcoin can't store any value, and you think it's about wealth preservation.......... You missed the entire point. You think I am threatened by a abstraction? How can I avoid sleep, I am terrified to dream!

Firstly, thank you for this. My dad, who is 75+ years old and knows almost nothing about computers wants me to explain bitcoin to him. I plan to read him your post verbatim. That is not to say that I don't think there is some utility value to bitcoin, but certainly no physical value.

Bought a big chunk of gold at 1380 last year. Fed was getting dovish and chart looked great. Have added silver and miners (gdx/gdxj) since. Im overweight PMs and light on equities, and I'm very bearish bonds. Have a large chunk of investable cash too.

Don't want to jinx but think the PM complex will perform really well over the next few years. My mid 60s parents, their friends, and my late 80 year old grandparents are only talking about tech equities (now, not years past), v recovery, and tina wrt to equity indices. I suspect, they are late and wrong and that at some point in the near future we will see a big rug pull in stocks, and since that money can't really flow into bonds, it'll likely come into PM (which are holding up incredibly well given the v recovery narrative and recent months stocks bounce).

Think the big question is what impact monetary and fiscal policy will have on inflation expectations. And how that'll influence the investment landscape. My chips are on PMs.