Cool thread, surprised I've never seen it before now. I've "stacked" on and off again since 2008. I'm not a prepper but I am wary of potential inflation and I think it's kind of a fun hobby. Worst investment decision I've ever made though was buying a bunch of palladium at $200/oz and selling it at $450 only to see it cross $2k years down the road.
The cool part about it IMO is the history... getting gold coins for Europe that are hundreds of years old at a slight markup to spot is a fair price and just incredibly cool. The bad part is when it goes beyond this IMO and collectors/investors fall victim to charlatans who are either projecting "Gold to $10,000 by 2025....buy my book" or slinging a "Collectors Edition Chewbaka 2 oz silver round" for only 4X spot... basically lots of people get burnt and have no clue what they're doing.
I will be buying some again in the near future but can't justify paying the spreads right now. I'll just play GLD until I get a chance.
Last edited by ronniehatesjazz; 05-26-2020 at 12:30 AM.
|