Gold price highest ever!

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JohnLocke

JohnLocke

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Let me start this new forum with a fantatisc discovery.

The Gold price for 1oz has reached new heights 1512 EURO 😵

It's awesome and I didn't thought that this could happen that fast when I started investing small amounts in Gold.

gold-one-ounce-21-2-2020.webp


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I have made an 50K euro investment in June 2019 now it is way more.. one of the most secure and best investments I ever made!
 
Aside from the U.S. treasury bills, there's not much of AAA or AA with a relevant yield floating around.

Gold has no borrower default risk, and combined with its 0% yield, it's also a relatively high-yielding asset - as sad as it sounds.

+ Add the superior appreciation potential. With ease, 99% of AAA and AA bonds can be flushed down the toilet as irrelevant opportunities in the "conservative bets" segment.
 
Right now it reached 1552 EURO per OZ not bad, if you are the lucky guy who bought it when it was €300 per OZ you are really doing good if your bought sufficient.

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Investment = acquiring something that produces cashflow.
Gold by definition doesn't produce cashflow but has negative cashflow (as you need to store it on your own dime) so it isn't really an investment, more like speculation.

Having said that, I do regret not buying Gold when it was cheaper 😛
 
I still see Gold as an long term investment dead:-! maybe I'm too stupid to understand it, but so far I'm fine with that 😉

Just check the Gold price per OZ right now, it is back to a low 1438 euro - hopefully no one bought some of it last week.

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Admin said:
Admin said:
I still see Gold as an long term investment dead:-! maybe I'm too stupid to understand it, but so far I'm fine with that 😉

Just check the Gold price per OZ right now, it is back to a low 1438 euro - hopefully no one bought some of it last week.
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It's all relative to others investment, overall anything that yields dividends over a long period of time is a bit more interesting and significantly more if you reinvest the dividend as the compounding effect over a decade or two is very significant. Only exception so far being bitcoin 😉 but it's only 10 years old so ...

Now Gold as less risk I would say, it's not gonna go bankrupt anytime soon lol 😉

Btw the drop in gold last Friday is crazy, for a market cap that high going down that much is very rare. Doesn't bod well for the coming weeks for the overall economy ...
 
The price of gold is reaching it's heights again. The gold is rising again. The gold went to it's nine months high yesterday. The cheaper US dollar is rising gold.
 
Still stand by my prediction made earlier of $2000 per oz before the year ends.

This year I've been trashed in real estate like a refugee trying to pass through Hungary, but gold has been very generous to me so far!
 
I guess physical gold is the only thing worth owning? Would you recommend to keep it at home or in a vault (Singapore?)?
I currently down own any precious metals, wondering if it's too late to buy now...
 
Vaults get more attractive as you deposit more. For starters the fees are too high in proportion to gold stored and thus physical held at home makes most sense because of absent storage fees. I still use that method, alongside one professional vault.

Gold mining stocks are a good alternative if you seek no safety but maximum gains from gold appreciation.
 
JustAnotherNomad said:
JustAnotherNomad said:
or in a vault (Singapore?)?
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Click to expand...

Singapore, Switzerland, New Zealand, and Canada are good choices.

if it's too late to buy now
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Click to expand...

For exposure to purchasing power preservation, it's never too late! But to make big gains on it now? IDK. It would not be fair of me to speculate with your money.

I'll just say that the best case for gold appreciation to $2500 and above in 2021-2022 is Biden's presidency in 2020: lower corp earnings + socialist programs financed by more stimulus.
 
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