Bestoutwest
Well-known member
How many of you are turning to that sector to invest in since a lot of other sectors are falling apart?
I'm dabbling in some ETFs. Not too much, but still making some money in this market.Thought about it but the valuation looks absurd to me. I only want to own a little physical gold and silver.
I'm nearly 100% in stock and down 7%. I like ETFs but don't like the expenses. I certainly understand why you would want some exposure to the sector though.I'm dabbling in some ETFs. Not too much, but still making some money in this market.
I've just sold my gold that I had in an IRA and reinvested it in cash mutual funds. I was told by my investor that you shouldn't have any more than about 6 months worth of living expenses in precious metals. Gold can be volatile too. I did well out of my gold investment but as I near retirement cash will always be king.How many of you are turning to that sector to invest in since a lot of other sectors are falling apart?
A 10 ounce silver piece is substantial...I used to by lots of 1 to 10 oz silver pieces for Christmas and Valentines gifts............ for different girlfriends. It was dirt cheap at the time. Under $10/oz and sometimes under $5/oz.
Flowers wilt and chocolate goes to the midsection...
I was quite surprised at the size of a 1/2 kilo Silver Canadian coin I purchased. Not something you put on your pocket and go shopping. The nice thing about some of the Canadian coins, that fall into more of a collector category, is that they are stamped with a dollar value.A 10 ounce silver piece is substantial...
I do better than that in Oregon. 10 cents a can. You just need to find the ones where someone else paid the deposit. Even better cash in Washington cans that friends and family bought without a deposit.I took aluminum cans in yesterday, $.75/lb. That's precious metal!!
March 8 2021 gold 1,684 ozHow many of you are turning to that sector to invest in since a lot of other sectors are falling apart?
I jumped into an oil ETF on Friday and it's up $8/share this morning. All of my metal investments are up. It's a shame I don't have more to invest in those sectors.March 8 2021 gold 1,684 oz
I thought as an inflation hedge gold would take off, instead it just kind of sputtered along.
January 27 2022 gold 1793 oz
Russia/Ukraine seems to have lit a fire under it and it's flirting with 2,000
Today March 7 2022 gold 1986 oz
1986 - 1684 = 302 = Gold is up 17.9% vs year ago
The Euro is down 4.5% in the last 2 weeks and looks like it will continue downward trend as long as the problems in Ukraine weigh on Europe, which should push gold up and up. just my 2 cents
The biggest I have cashed in was $82 and change. Most came from Washington friends and relatives. It took me an hour to stuff them through the machine. But $82 an hour is pretty good wages. Especially for a retired guy who is collecting a pension while doing it.We get alot of "returnable for refund" plastic here in Va even though we are not a return for refund state. We save up and take them when we go up north to visit family. Most all are refund in CT or VT or NY... so make a little gas money that way. 5 cents a bottle... and the time to spend putting them through the machine... With gas/fuel costing the way it is now, even a $10-20 bunch of bottles counts...
Day trading and ETFs can be quick money makers in a volatile market.I jumped into an oil ETF on Friday and it's up $8/share this morning. All of my metal investments are up. It's a shame I don't have more to invest in those sectors.
I'm not really in the day trading thing. These are for some longer term gains. I don't think that things will be resolved quickly, or without getting too messy, honestly.Day trading and ETFs can be quick money makers in a volatile market.
But for every dollar made, someone else lost a dollar. Afterall someone had to sell you their shares on Friday for you to make $8/share today.
Personally I feel more comfortable at a Black Jack table than day trading, even though I know statistically day trading is less risky than Black Jack in the long run, but both take a lot of discipline.