Gold: Will it go lower? - Z06Vette.com - Corvette Z06 Forum
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post #1 of 5 (permalink) Old 07-19-2018, 05:38 PM Thread Starter
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Gold: Will it go lower?

Gold :bid $1,222.60 ask $1,223.30 change -0.9%

I own a few gold coins.

I think it will go lower, and I own a few gold coins.

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post #2 of 5 (permalink) Old 07-28-2018, 08:15 PM
jub jub
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Re: Gold: Will it go lower?

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Originally Posted by Vintage racer View Post
Gold :bid $1,222.60 ask $1,223.30 change -0.9%

I own a few gold coins.

I think it will go lower, and I own a few gold coins.
I own gold and needed to sell it. I got the stink eye. Gold is not what it is made out to be. If you were to buy it 20 or 30 years ago, yea, but not today.

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post #3 of 5 (permalink) Old 08-19-2018, 02:39 PM Thread Starter
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Re: Gold: Will it go lower?

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I own gold and needed to sell it. I got the stink eye. Gold is not what it is made out to be. If you were to buy it 20 or 30 years ago, yea, but not today.
I think the market of any commodity (inc. gold) is up or down due to many reasons. I was just noting the recent price which is down from 2017 when it was $1400.

By far, my best investments over many years have been in stocks. I have bought a little gold over a few decades because I like the old U.S. coins (mostly the 1907-1933 Saint Gaudens) and don't mind hedging a bit.
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post #4 of 5 (permalink) Old 08-27-2018, 09:38 AM
2MchFun
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Re: Gold: Will it go lower?

I've done waaaaaay better with mutual funds. Like Vintage said - if you bought gold a long time ago, then maybe you see some ROI.
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post #5 of 5 (permalink) Old 08-28-2018, 12:26 PM Thread Starter
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Re: Gold: Will it go lower?

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....if you bought gold a long time ago, then maybe you see some ROI.
Not so much if you add inflation.

I own gold and silver coins as I said. U.S. gold coins are about .967 of an oz. of gold. U.S. silver coins are .900 oz of silver (they may be worth more as to a collector value--depending on the coin).

My entire stash is > 0.50% of my assets. When I first posted, I thought it may get down to $1000, but it looks like it is hanging around $1200.

As a currency, I do prefer gold/silver over crytocurrency. Money backed by computer codes? Yea, sure.

My favorite gold coin (Saint Gaudens):


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