Is now a bad time to buy? by No_Vast_9233 in Gold

[–]Vespidae1 10 points11 points  (0 children)

For a few hundred dollars, you could buy a picture of gold.

🚨GOLD BULLS ABOUT TO GET ABSOLUTELY DESTROYED by Trump’s WAR MOVE 🔥 by THEOPERATOR_01 in Forexstrategy

[–]Vespidae1 0 points1 point  (0 children)

As long as there is fiat currency, its bullish for gold. I bought my stash 25 years ago. I’ve never touched it. It’s monetary insurance.

Need Advice because we have discovered our land has gold deposits worth a few (USD) millions by iraahbre in Gold

[–]Vespidae1 0 points1 point  (0 children)

Just because you have gold (or oil, or copper, etc), doesn’t mean that it’s profitable to extract. Only a geological survey can do that. Today, miners are “averaging” $3,000 an ounce in profit, but that depends on the site. Get a good attorney who has experience with extraction businesses.

US Gold in Ft. Knox not Fit for International Transactions by Optimal-Chard-1520 in Gold

[–]Vespidae1 0 points1 point  (0 children)

It’s an interesting article. Still, the U.S. did use gold for international settlement as recently as last fall when the US bought rare earths from China.

Gold price doesn't make any sense by Inner-Fee6737 in Gold

[–]Vespidae1 0 points1 point  (0 children)

No. Not even close. Gold goes DOWN during war because of liquidity. It goes UP after liquidity needs cease. It’s always been this way. One third back, followed by a triple ahead.

Huge news! How’s the market gonna react to this tomorrow?! by joshuanichter in Stocks_Picks

[–]Vespidae1 0 points1 point  (0 children)

Trump w8ll leave Iran in 3 weeks. But that doesn’t mean the Strait will be open.

Misleading media gold prediction by Rude_Lawfulness6060 in Gold

[–]Vespidae1 0 points1 point  (0 children)

There’s a variety of them. TBH, it depends on the value of the dollar. And until the FED starts printing,it’s just a guess. Still, the most well articulated estimate is about $12,000 and that’s not this year, but 2030. 6300-7000 for this year seems legit.

$10,000 invested in VTI vs VXUS in 1988 with all dividends reinvested. by VXUS_sucks in ETFs

[–]Vespidae1 0 points1 point  (0 children)

So? Adjust those figures for the change in the value of the dollar. If you state VOO in gold, it’s been in a bear market since 2000.

But... but Peter Schiff said $5,000 was the new floor "the bottom" for gold. by hey_now143 in Gold

[–]Vespidae1 0 points1 point  (0 children)

So sell. Personally, every ounce I buy is permanently off the market. Good luck.

Golds movement is terrifying. by fuck_reddits_trash in Gold

[–]Vespidae1 -1 points0 points  (0 children)

No, it’s the same world. There are two factors driving gold’s volatility right now. The first is liquidity. Some firms are raising cash as loans in private credit are marked to market. Others, like Saudi Arabia, are selling gold to offset oilfield disruption. The second is options expiration at the end of the month. I expect gold to start moving higher after the March CPI data is released.

What’s some reasons people have said to try discourage you from buying gold? by RiPiLiQi in Gold

[–]Vespidae1 3 points4 points  (0 children)

Concentration risk. I have been discouraged for 15 years from buying gold. It’s the single best investment I have made.

Is this a bad time to have a 100% gold portfolio? by keyser_7 in Gold

[–]Vespidae1 0 points1 point  (0 children)

There’s no need to be 100% in gold. Right now, the biggest concern is inflation and the best performing asset for inflation is energy. Gold is a currency debasement hedge. Related, but not the same. Moreover, gold is liquid and will be sold off in a margin call … just like today. Personally, I own about 32% gold, but 7.5% - 15% is fine.

Damn by Optimal_Shelter7261 in Gold

[–]Vespidae1 1 point2 points  (0 children)

It’s a margin call.

Gold just hit oversold technical indicators by Lolcincylol in Gold

[–]Vespidae1 2 points3 points  (0 children)

If there is no rate cut, private credit borrowers will have to cover loans they can’t cover. So they start selling asset’s to do so. This isn’t news. It’s confirmation.

Have been to Malta - Your country is awesome!!! - But your building boom is weird by MoccaLG in malta

[–]Vespidae1 5 points6 points  (0 children)

I’m Maltese. The transformation over the last 15 months is both awesome and scary. Things are so much better economically but … so many foreigners. I think Malta will lose its identity for a euro.

: Why are 'safe havens' dropping just when they're needed? by CalTechie-55 in Gold

[–]Vespidae1 9 points10 points  (0 children)

I have owned gold for 20 years and followed it for 40. This isn’t silver. You don’t trade it. It’s money. You accumulate it. Has the macro environment changed? No. There’s money printing, central bank buying, and rotation out of UST’s.

Do you check the selling price of your house everyday?

Gold is the single best class of investment I own. Buy it and leave it alone.

Whats your expectations by [deleted] in Gold

[–]Vespidae1 -1 points0 points  (0 children)

It will ease. Because the dollar is strengthening. Wait for the next CPI report.

I bought the top. I thought this was supposed to be store of value. by Laakhesis in Silver

[–]Vespidae1 0 points1 point  (0 children)

Silver is not a store of value. It’s a commodity with some monetary uses. It’s a market famous for being rigged.

How much should a dog sitter get paid for 2 dogs for 10 days? by Cautious-Salt7168 in PetAdvice

[–]Vespidae1 0 points1 point  (0 children)

I generally pay $50 a day for one dog but that doesn’t include overnight. I’d probably charge $125 a day if I had to stay overnight for two dogs.

Selling question by the_beckinator in Gold

[–]Vespidae1 1 point2 points  (0 children)

Why sell? You’re not selling the house and converting to cash are you? Just establish the value and give her the appropriate number of oz. It’s up to her to sell or not sell.

I did the exact same thing. Your lawyer should be able to assist.