What’s your gold hedge?

Discussion in 'Gold' started by mmm....shiney!, Sep 21, 2019.

  1. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    I hedge by shorting gold using CFD's when the trade opportunity presents itself.
    I used to do it with silver too, when I held enough phys to call it a hedge.
    Now my silver trading amounts to no more than paper trading for profit.
    Ronnie 666 introduced me to the benefits of paper trading - he loves it. ;)
     
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  2. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    I use silver.
     
  3. Slimey

    Slimey Active Member

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    upload_2019-9-23_6-11-53.png
    My gold hedge....Golden Diosma that is upload_2019-9-23_6-11-53.png
     
  4. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Nice. Your work?
     
  5. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    What's your rationale behind that?
     
  6. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    If gold goes down the ratio closes and I can switch silver for gold. Makes sense.
     
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  7. Slimey

    Slimey Active Member

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    I wish.......I am more of a Cape Weed, Nightshade and Dandelion infestation kind of guy.
     
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  8. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    If gold loses its value I am somewhat protected because I don't have much in the way of gold.

    Any gold that I do own is generally in the form of Sovereigns and other collectible circulation coins which have some numismatic value, though most of their value is based on bullion value.

    I have a few bars that I bought when gold was sitting around $800 so I have a way to go before I lose too much.
     
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  9. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Last edited: Sep 23, 2019
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  10. SilverDJ

    SilverDJ Well-Known Member

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    Yeah, but it can be turtles all the way down.

    So you hedge gold with USD, ok. You now hold USD, what do you hedge that with if USD goes down (hint: gold and USD can go down at the same time). Then what do you hedge against whatever you used to hedge against USD with, and on it goes until, well, you just have a diversified portfolio and that's that.
     
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  11. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    You can’t protect yourself against ever eventuality. This explains the difference between diversification and hedging.

    https://www.diversifyportfolio.com/blog/2017/10/17/hedging-vs-diversification/
     
  12. Slimey

    Slimey Active Member

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    Your ultimate hedge would be good quality land with permanent water ( the type that can carry dairy cows ) and lots of it.
     
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  13. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Hedging the apocalypse? ;)
     
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  14. Slimey

    Slimey Active Member

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    Hedging the apocalypse....land, guns and lots of family ( Crazy Uncle may yet prove useful after all )
     
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  15. Number 47

    Number 47 Well-Known Member

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    Lead & brass ... 2 very important metals to accumulate
    1353199_1.jpg
     
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  16. willrocks

    willrocks Well-Known Member Silver Stacker

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    You only need a hedge if you think you might be wrong.
     
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  17. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    True.

    Screen Shot 2019-09-24 at 7.43.04 am.png
     
  18. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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  19. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I took a light jacket with me today, just in case it’s cool when I leave work tonight. I think I’ll be okay, but just in case I’m wrong I’ve got it with me.
     

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