Gold vs Cardboard - would you sell one to get the other?
 

Gold prices have been on a bit of a run of late. Would you sell gold now if you had it and use the money to buy more cards?

Personally, I think gold will settle back down after the headlines cool off. Just wondering what others thought of its value relative to cards and whether one would be a better idea than the other long-term.

Figured there might be some on this forum that owned both and might have an opinion.

I’d sell the gold except for 20% of it, keep gold. I’d use the money from the profit of the gold sales to buy equities. Depending on how long you have I would invest in Facebook right now if you can get it under $200 a share at less then 14x earrings. Most Cards are still too hot to invest in at these levels in my opinion

I have personally done this MANY times over the last 11 years. Sold a bunch of my best cards in 2010, bought several ounces of gold. Gold went up and then down and back again. Sold 10 ounces in 2016, bought 10 Jordan rookies. The Jordans went up about 400%. Its a real crapshoot and, of course, timing is everything! I try to keep a little of both today… still have 5 of the PSA Jordans…

Two things I absolutely know for certain: 1) my portfolio of 1986 Fleer Jordan rookies, along with 4-5 other key rookies (Wilt, Bill Russell, West, Bird/Magic) has out performed my precious metal holdings since roughly 2011 hands down. Not even close. And 2) precious metals are among the most manipulated commodities one can hold, like currency, stocks, etc. I recommend caution with either you might choose, but personally prefer both over cash.

Over the past 60 years, the S and P 500 has averaged a yearly growth of 10 percent. Invest in that and you will be happy 😀

Yes, but the allure of individual stocks, and the illusion that over time you can beat the market.