I'm happy to take any fractional Ag/Au donations to encourage me to wade in and buy some Au to help with the downward pressure on the Au price.
My gut is telling me it may hit US$20! This because of the 5+% bond rates still going up. It will stagnate and then start the slow climb back up. The falling AUD May shield us a little, but not much.
It's not a drop, it's a plummet! Has to bounce back though, no really good reason for it to be crushed.
Serious question: How is it that metals ETFs can provide a return on investment but physical doesn't provide a return and isn't considered an "investment"? They track the same price and physical even has a premium above and beyond spot. Can someone explain this phenomenon? Is it some new age math I haven't heard about or are these people drinking too much bong water? Are gold and silver really that magical that somehow the profit is only legend? Wow I knew it!
I don’t understand the question but I could Make money a lot easier by buying a gold etf instead of physical because I can easily trade in and out and skim a few points. Physical is a nightmare to sell. List your product, talk to the buyer, walk to the post office, wrap it up etc etc. $100 of time and I have to hold it for ages till it’s worthwhile to sell. Unless you snap up a bargain!
Yeah I agree that paper can be traded at the click of a button but how does that make physical gold not an investment? Cuz physical gold doesnt have a button or what? That's my question. If I sell an oz at $1900 that I paid $1200 for then that $700 doesn't really exist in my pocket? It's different somehow? Sounds like some common core or mmt stuff haha. I always wonder why people say "physical isn't really an investment, only insurance". Are only paper assets considered investments by most? So only if it's taxable or what? I don't see the standard here. Whether it sits in my stack and has more value in fiat or I sell it for more value in fiat it's still the same. Neither provides a return until it is sold and they track the same price. How is one an investment and the other is not? Isn't gaining more fiat than you paid basically the definition of an investment? I never have understood the concept of one is but the other isn't.
So only dividend paying etfs are investments then. Haha that's just weird to me. "Investment" Main Results Dictionary Definitions from Oxford Languages · Learn more noun noun: investment; plural noun: investments 1. the action or process of investing money for profit or material result. "a debate over private investment in road-building" a thing that is worth buying because it may be profitable or useful in the future. "a used car is rarely a good investment." an act of devoting time, effort, or energy to a particular undertaking with the expectation of a worthwhile result.
So according to the Dictionary it could be a plumber that saved a big pile of paid-for copper behind his garage. He saved it because he knew at 100% profit it would be a good investment in his time and effort as scraps from jobs. an act of devoting time, effort, or energy to a particular undertaking with the expectation of a worthwhile result.
I think gold falls in to the dictionary definition. It is bought with the purpose of making a profit when it’s sold
I know you guys get it. I just wonder why there are so many financial YouTubers that repeat it time and time again? When I hear them say that it's really hard to not give them a chance to impress me at all haha. When gold and silver were money in the past it was nothing but that but weighed against the fiat now, it's an investment like any other investment. They say " it's only insurance for Armageddon..." or "it's just real money...", which I agree it's historical money. But for someone to say it isn't an investment is completely wrong.
I know most people aren't stackers and most people hear that and it's all they know about gold or silver. That "it's not an investment because there's no return..." or whatever they claim. I hear it from my mom who's all about stocks, endless bailouts and printing and whatever Dem is making promises at the moment. The masses believe those statements about PMs and I just shake my head and say wow. Last time I talked to her about gold she said "well gold can go down too!" The last 10 years have been fruitless with that woman.
