Gold

Discussion in 'Stock Market Today' started by JinaKool, Mar 24, 2021.

  1. JinaKool

    JinaKool New Member

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    Gold appears to remain a safe-haven, and last traded just for about $1,800. what's your thought about this?
     
  2. StockJock-e

    StockJock-e Brew Master
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  3. spindr0

    spindr0 Active Member

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    Many recommend that gold is a safe haven and should be owned during a recession. For the past four recessions:

    - In 1990, it lost about 10% of its value.

    - In 2000, it did nothing.

    - In 2008 it dropped 30% from its peak price before recovering and ending up 4% for the year.

    - In March of 2020 it dropped about 13%.

    Not quite as safe as you'd like it to be, eh?
     
  4. TH Analysis

    TH Analysis Member

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    There is more than one way to get exposure to the precious metals though. Futures, Gold Miners, ETF's, Royalty and Streaming.
    Personally, I prefer the Royalty stocks as they are not exposed to the Capex or other costs once the Royalty is in place. But A Sprott ETF would be my next best goto. When the Bond market really does collapse, I'd be looking at the Gold Miners with the Royalty companies.
     
  5. emmanuelglover

    emmanuelglover New Member

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    I'm sorry, maybe I'm asking a question off-topic, but still...have you ever used a pawnshop? I don't want to sound stupid. I just need some advice. It's just that I've never used the services of a pawnshop before, and I don't even have a clue how this process happens. My friend once handed over his precious stones and gold to a pawnshop. He tried to explain to me more or less precisely how this process takes place. I am interested in this since I want to pawnin a rare watch in Beverly Hills. It's just that I need money now, and this is the only way to get it.
     
    #5 emmanuelglover, Jun 24, 2021
    Last edited: Jun 25, 2021
  6. ddebrazza

    ddebrazza Active Member

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    I think you made a good move and I plan on making a similar move when I get investing funds available. I believe Gold is a smart hold.

    I support buying actual, physical Gold over buying Gold Company stocks or investing in a Gold ETF's
     
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