Jump to content
  • The above Banner is a Sponsored Banner.

    Upgrade to Premium Membership to remove this Banner & All Google Ads. For full list of Premium Member benefits Click HERE.

  • Join The Silver Forum

    The Silver Forum is one of the largest and best loved silver and gold precious metals forums in the world, established since 2014. Join today for FREE! Browse the sponsor's topics (hidden to guests) for special deals and offers, check out the bargains in the members trade section and join in with our community reacting and commenting on topic posts. If you have any questions whatsoever about precious metals collecting and investing please join and start a topic and we will be here to help with our knowledge :) happy stacking/collecting. 21,000+ forum members and 1 million+ forum posts. For the latest up to date stats please see the stats in the right sidebar when browsing from desktop. Sign up for FREE to view the forum with reduced ads. 

2020 - time to sell your gold?


Recommended Posts

Buy low/sell high, gold is strong,  stocks have tanked; 2020 seems like the time to swap them and then wait a few years to jump ship to something else

Maybe right this second isn't going to be the bottom or top for either but I feel like we might hit that perfect point to switch sometime in 2020

I've only been learning about shares the past week but even I can see the opportunity that's opened up

What are you guys thoughts? 

ps. If you have the spare cash to invest in shares without selling anything that's not a bad way to go either and of course don't invest anything you aren't willing to lose 

Help thread for members new to silver/gold stacking/collecting

The Money Printing Myth the Fed can't and don't money print - Deflation ahead, not inflation 

Link to comment
Share on other sites

  • Replies 70
  • Created
  • Last Reply
1 minute ago, Kman said:

Buy low/sell high, gold is strong,  tocks have tanked; 2020 seems like the time to swap them and then wait a few years to jump ship to something else

Maybe right this second isn't going to be the bottom or top for either but I feel like we might hit that perfect point to switch sometime in 2020

I've only been learning about shares the past week but even I can see the opportunity that's opened up

What are you guys thoughts? 

ps. If you have the spare cash to invest in shares without selling anything that's not a bad way to go either and of course don't invest anything you aren't willing to lose 

I’m no expert, but seems to me that stocks have an awful lot further to fall given the length and scale of the bull market that just ended. I wouldn’t swap anything for stocks anytime soon.

Link to comment
Share on other sites

Kman take your time to learn and don't go all in at once. What looks like an opportunity may in reality be a trap. Stocks will most likely continue to fall, it depends on the central banks; the threads on gold about to plummet, silver about the plummet, etc have a good chance at coming true along side a stock market collapse 2008 style. I would keep some cash aside for this event.

Buy in over time is my plan, monthly purchases of oil and telco stocks from saved income and hold what gold I have as insurance against systemic collapse. 

No chance of hyperinflation this cycle, there is too much deflationary pressure. Inflation and rising interest rates yes, but the systemic threat is deflation.

Link to comment
Share on other sites

1 minute ago, KDave said:

Kman take your time to learn and don't go all in at once. What looks like an opportunity may in reality be a trap. Stocks will most likely continue to fall, it depends on the central banks; the threads on gold about to plummet, silver about the plummet, etc have a good chance at coming true along side a stock market collapse 2008 style. I would keep some cash aside for this event.

Yes not jumping all in just yet, lots to learn first 

Been reading sage advice to just put 25% of planned amount to begin with and then see where things go 

Help thread for members new to silver/gold stacking/collecting

The Money Printing Myth the Fed can't and don't money print - Deflation ahead, not inflation 

Link to comment
Share on other sites

Stock markets were sky high.

A crash was coming - companies weren't earning profits sufficient to merit the prices.

Now we have this shut down - the situation can only get worse. It has not even started to work through yet. So many people will lose their jobs - imagine how demand will fall.

There may be some stocks which will do well but at the moment i think you are catching a falling knife.

i expect the indices have much further to fall.

Always cast your vote - Spoil your ballot slip. Put 'Spoilt Ballot - I do not consent.' These votes are counted. If you do not do this you are consenting to the tyranny. None of them are fit for purpose. 
A tyranny relies on propaganda and force. Once the propaganda fails all that's left is force.

COVID-19 is a cover story for the collapsing economy. Green Energy isn't Green and it isn't Renewable.

Link to comment
Share on other sites

1 hour ago, sixgun said:

There may be some stocks which will do well but at the moment i think you are catching a falling knife.

i expect the indices have much further to fall.

Maybe and even better if so

Will you be swapping gold or other assets in that moment to shares? 

Help thread for members new to silver/gold stacking/collecting

The Money Printing Myth the Fed can't and don't money print - Deflation ahead, not inflation 

Link to comment
Share on other sites

2 minutes ago, Kman said:

Could do, and will that be the time to sell? 

If you need the money then sale, I don't think I'll sell mine of course, unless I need the money. I stack gold because I don't have trust in government notes. 

Link to comment
Share on other sites

13 minutes ago, Tape said:

I don't think I'll sell mine of course

Well that's the interesting part

I started buying gold because I liked having it as a form of savings 

But if my savings will produce more somewhere else then I shouldn't stay married to gold

In an ideal world you would keep timing investments well and moving back and forth 

Sell your 10oz of gold for $2000, put $20,000 in shares, have $40,000 in 5 years, gold price drops in meantime, buy back at $800 have 50oz of gold instead of 10 

(I'm not factoring in taxes but you get my point)

Help thread for members new to silver/gold stacking/collecting

The Money Printing Myth the Fed can't and don't money print - Deflation ahead, not inflation 

Link to comment
Share on other sites

1 minute ago, Kman said:

Well that's the interesting part

I started buying gold because I liked having it as a form of savings 

But if my savings will produce more somewhere else then I shouldn't stay married to gold

In an ideal world you would keep timing investments well and moving back and forth 

Sell your 10oz of gold for $2000, put $20,000 in shares, have $40,000 in 5 years, buy  back gold at $800 have 50oz of gold instead of 10 

Good luck with that. I believe I'm married to gold, my best returns is from Gold. I just love having physical gold. My wife's name is Goldie.

 

Link to comment
Share on other sites

Same name as my dog!

Cool 😁

Technically, alcohol is a solution..

'It [socialism] poses a growing threat, however unintentional, to the freedom of this country, for there is no freedom where the State totally controls the economy. Personal freedom and economic freedom are indivisible. You can’t have one without the other. You can’t lose one without losing the other.'

"There is no such thing as public money, there is only taxpayers' money"

Let not England forget her precedence of teaching nations how to live.

Link to comment
Share on other sites

On 05/04/2020 at 10:32, Kman said:

Will you be swapping gold or other assets in that moment to shares? 

Maybe!

Technically, alcohol is a solution..

'It [socialism] poses a growing threat, however unintentional, to the freedom of this country, for there is no freedom where the State totally controls the economy. Personal freedom and economic freedom are indivisible. You can’t have one without the other. You can’t lose one without losing the other.'

"There is no such thing as public money, there is only taxpayers' money"

Let not England forget her precedence of teaching nations how to live.

Link to comment
Share on other sites

Id trade gold only for other hard assets, farmland, forests, a house. I think the stock market in its present and future incarnation will be so far removed from a system with integrity because the cycles are been forced down unnatural routes through government and central bank interventions. Going forward the entire asset class feels as though its going to be more of a 'speculation' then investment.

I would sell gold for good prices land when I move abroad all day long however. They might appropriate that one day too of course but you have to take that risk with gold also.

Link to comment
Share on other sites

I was thinking about buying a hotel room actually!

https://hotel101sales.com.ph/the-fort/

I read about your plans to buy in Poland and it interested me. Are you or your wife  Polish? (PM if you prefer!)

Technically, alcohol is a solution..

'It [socialism] poses a growing threat, however unintentional, to the freedom of this country, for there is no freedom where the State totally controls the economy. Personal freedom and economic freedom are indivisible. You can’t have one without the other. You can’t lose one without losing the other.'

"There is no such thing as public money, there is only taxpayers' money"

Let not England forget her precedence of teaching nations how to live.

Link to comment
Share on other sites

i have  shares in a isa, which of course have tanked, but i also hold gold and silver gone way up on what i paid on most of it, own my own home , have part ownership of rental properties ( of cours rents are in jepordy here) and i have paid into pensions ( again tanked, BUT would still provide a income if taken just not as much at this time , which is why i am not cashing in on them right now ) .

its diserfication you should not be married to only one of any of them imo, i dont beleve in timing the stock market or any market , better more qualified people than me have tried and failed badly . due your own due dilligence sell when you think its right , buy when you think its right, and with sufficent time ( which i dont have now😀) you should be ahead , but there are no guarentees in life !.

so sell the gold high, buy the shares low and see if you got it right in 10 years time 🤞 🙂

dean.m

Link to comment
Share on other sites

2 hours ago, Roy said:

I was thinking about buying a hotel room actually!

https://hotel101sales.com.ph/the-fort/

I read about your plans to buy in Poland and it interested me. Are you or your wife  Polish? (PM if you prefer!)

2 hours ago, Roy said:

read about your plans to buy in Poland and it interested me. Are you or your wife  Polish? (PM if you prefer!)

hey Roy, my wife is Polish. We have been planning our move for a few years now as we want to have land and forest so we are able to live more self sufficiently and in a smaller more rural community given our belief the world is on course for a bumpy ride over the next decade. I think Poland is a great place to be investing and starting a business right now, I think its growth will continue to be very strong for the next decade especially in comparison to the rest of Europe. Its also still cheap, which I dont think will be the case in 4-5 years times.

 

Link to comment
Share on other sites

13 minutes ago, Realwealthuprising said:

I think Poland is a great place to be investing

I agree! I lived there for a few years and was sorry to say goodbye.

Knowing a native speaker would certainly facilitate business 😉

Good luck with the move and drink responsibly!

'Człowiek nie wielbłąd, pić musi'! 🍻

Technically, alcohol is a solution..

'It [socialism] poses a growing threat, however unintentional, to the freedom of this country, for there is no freedom where the State totally controls the economy. Personal freedom and economic freedom are indivisible. You can’t have one without the other. You can’t lose one without losing the other.'

"There is no such thing as public money, there is only taxpayers' money"

Let not England forget her precedence of teaching nations how to live.

Link to comment
Share on other sites

Gold - high or low price doesn't matter to me whatsoever. Not selling. Buying more instead. It is my protection against hyperinflation and if that does not happen, which would actually be a miracle, then my gold will be for my retirement. Can't rely on the governments to pay me (Germany and UK that is).

Link to comment
Share on other sites

12 minutes ago, StackerCollector said:

Gold - high or low price doesn't matter to me whatsoever. Not selling. Buying more instead. It is my protection against hyperinflation and if that does not happen, which would actually be a miracle, then my gold will be for my retirement. Can't rely on the governments to pay me (Germany and UK that is).

Exactly, anyone who thinks gold is not going to be essential in the coming decade and even more so over a time frame of 20+ years doesn't know their monetary history

Link to comment
Share on other sites

27 minutes ago, Realwealthuprising said:

Exactly, anyone who thinks gold is not going to be essential in the coming decade and even more so over a time frame of 20+ years doesn't know their monetary history

What is your projection for gold over the next 20 years?

The best combo we could have done in hindsight (and trying to be semi-realistic) is if you had $10,000 in 2005, buy 17.5 oz gold for $10,000, sell it in 2011 for $2000, then you have $35,000

Then put your $35,000 into microsoft, apple, visa, disney etc then sold in 2019 you would have at least 5xs your money being conservative =  $175,000 

Or you could have held onto gold since 2005 and still have about $30,000 which is great, but you would have had that in 2011 and it's not $175,000

All with the benefit of hindsight but that should be the goal shouldn't it? not just "i want to put all my savings into gold and hang on to it forever"

 

 

 

Help thread for members new to silver/gold stacking/collecting

The Money Printing Myth the Fed can't and don't money print - Deflation ahead, not inflation 

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

×
×
  • Create New...

Cookies & terms of service

We have placed cookies on your device to help make this website better. By continuing to use this site you consent to the use of cookies and to our Privacy Policy & Terms of Use