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Re: Gold value

By: CTJ in 6TH POPE | Recommend this post (0)
Sun, 28 Aug 22 3:37 PM | 26 view(s)
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Msg. 35025 of 58636
(This msg. is a reply to 35023 by micro)

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We have zero stock now. Sold the last few shares of our stock a couple weeks ago. Didn’t have very much. Mostly some BA & NOC. Even sold my Trump DWAC. I had bought it at $18.24. It hit a high the day I bought it of $174.00. I foolishly didn’t sell it then. I think i finally sold it at $33.00. We’re about 70% in cash, the rest in gold & silver that we’ve had long time. Not sure what to do now. Probably more gold?


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The above is a reply to the following message:
Gold value
By: micro
in 6TH POPE
Sun, 28 Aug 22 2:35 PM
Msg. 35023 of 58636

Just as a small token of input, I decided to use De's reminders on his posts about the gold valuations and nmumber of years from the starting point..

If one divides the total increase in price by the 7.5 years, the answer is 3.53 percent per annum increase.

Now then, there are some good reason to have physical gold in your possession.

From an investiing standpoint however, 3.5% is not much of a gain on an annual basis..

So the only other reason to buy it is for whathappens when paper money becomes only good to start a fire in the fireplace...

Its a tough decision but remember just as precious metals can go up at various times, they also can come back down..

Just some food for thought.. Thumbs Up


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