News Gold Hits $4000 - All time high

[ikeo1]

Gold keeps going up. The once conservative metal is full on mode.

Are you doing anything different with your investments? This is one of those things where financial security should concern people with the fall of the dollar value.

Ray Dalio says today is like the early 1970s and investors should hold more gold than usual

"Gold is the only asset that somebody can hold and you don't have to depend on somebody else to pay you money for," Dalio said.

www.cnbc.com

 

[joefrank64k]

This reminds me I need to sell my inherited gold jewelry, haha!!

 

[millenialshooter83]

I remember when gold was struggling to break and stay above $2K...

I don't have any gold but I invested in physical silver several years ago. It is also nearing to break ATH of $50

 

[ikeo1]

I remember when gold was struggling to break and stay above $2K...

I don't have any gold but I invested in physical silver several years ago. It is also nearing to break ATH of $50

Silver is next to break out. At this point I have no savings in dollars. It’s all in hard assets. I’ll convert to dollars as necessary but I’m not going to lose what I have left to dollar debasement.

 

[star.3d]

I think the more important take away is that the dollar is worth less... and continuing to lose value. If gold is up 50% yr/yr... imagine losing 50% of your purchasing power. Not exactly how inflation works, but 'gold anticipates inflation' as they say.

The cost of housing, gas, groceries... are all the lowest they've ever been - relative to gold. Don't sell grandma's jewelry to put dollars in the bank.

 

[ikeo1]

This reminds me I need to sell my inherited gold jewelry, haha!!

wear It

 

[Rick308]

I have gold and it’s comforting to always buy what it always did ,
Example 20 twenty dollar gold pieces would have bought a new Ford at $400
Today 20 ounces would buy a new Ford @ 80,000 . Navigator, truck etc .

That said where gold falls short is it doesn’t pay a dividend or compound interest as good securities do .
I’m no expert and have done well buying in companies I shop at Exxon Mc D , Ford etc and I mostly look toward a dividend and a history.
I use the Charles Schwab company and it has no fees for buying or selling usually.

Recently I bought OKLO , they are buying up properties that have permits for nuclear reactors.
I’m guessing they will be in the electric generation business before too long and it could go very high .

Do your own research and DO NOT TAKE MY WORD FOR IT .
I AM NOT AN EXPERT.

 

[Rick308]

I think the more important take away is that the dollar is worth less... and continuing to lose value. If gold is up 50% yr/yr... imagine losing 50% of your purchasing power. Not exactly how inflation works, but 'gold anticipates inflation' as they say.

The cost of housing, gas, groceries... are all the lowest they've ever been - relative to gold. Don't sell grandma's jewelry to put dollars in the bank.

I would agree !

 

[rfgCA]

I remember when gold was struggling to break and stay above $2K...

At the height of the dot.com boom, gold was $250

 

[ikeo1]

Recently I bought OKLO , they are buying up properties that have permits for nuclear reactors.
I’m guessing they will be in the electric generation business before too long and it could go very high .

I can appreciate OKLO, they're risky being pre-revenue but the power demand by electrifying everything and with AI and HyperScalers energy is going to be in big demand.

 

[star.3d]

I agree with your gold statements. FYI, certain financial instruments, like covered call funds, can generate passive income on commodities, however.

dividend or compound interest

This is where, looking forward, the American economy gets dicey. Here's my perspective - not advise, just thoughts on why "buy the S&P/Dow and hold forever" isn't a sure bet moving forward.

The country got out of the Great Depression by fighting a war and spending a load of money, taking the country deep into debt. But we got out of that because domestic industry was poised for a huge amount of innovation and real economic growth - not just on paper, and well out-pacing inflation. So between the 1940's and 1980s-90s there was a very unique condition for growth that no does not exist today. It's absolutely true that investors historically have done well, and the American economy has too. There's definitely been real GDP growth since the 1980's, but it's been accompanied by huge federal borrowing and more recently by driving down costs by offshoring the industry that grew the economy in the 40's. Unfortunately, bringing those jobs back doesn't work - again, economic sectors have been able to grow by driving down costs. Bringing them back will cost more and risk negative growth (which we already saw in Q2 from tariffs - and now we're missing out on data because of the shutdown). Historically, transparency in US federal economic policy has been hugely attractive to foreign investors - that transparency is eroding rapidly.

Will equities do well in the near term? Probably, yes. Equities even tend to do well under authoritarianism, so that isn't an inherent issue. But longer term, it's worth asking what sectors are poised for real growth and whether the US dollar will continue to enjoy international reserve status.

 

[Skillatron]

I sold my three ounces to finish my schooling don’t regret it. Kind of crazy to see it this high.