All I know for sure is, over the last few years, GLD has been the single worst performing asset in my portfolio.
I hope you still holding Gold as it is to rise very soon (my opinion nearest 10 months we'll see really great rising). And it is also good to keep Silver, because it's more undervalued than gold.
Huh ? Wha ? The only way I'm going to get any "contribution" to my financials from liquidating my GLD holdings, will be a deduction to offset capital gains.
If an asset performs as badly as GLD has, for as long as it has, my strategy is to put it into something more aggressive. I'll be liquidating my GLD holdings this year, and reinvesting.
Any investment not likely to pull in greater than 8% a year bores me.
I've tried to be "responsible" by holding GLD for as long as I have on principle, but, fuck it. Life is too short.
There is something behind the scene happening to gold and silver for several years. China has been buying gold for 3 years, JP morgan has been buying silver for 5 years. S&P 500 is overheated as never. Wait, don't sell it! Whales want all the minor fish to come out of precious metals.
China is going to implement gold-backed yuan very soon. And China will not want gold to be cheap.
Just hold it, bro, be patient
Maybe silver then?
Just kidding
Yes, silver, no jokes. It's much more undevalued than gold right now.
Maybe silver then?
Just kidding
Yes, silver, no jokes. It's much more undevalued than gold right now.
Roach, is this you? You are the only guy in the planet to write about crashing gold and silver in bitcoin forums. How many accounts do you have? 100, 1000, 1 000 000? Do you believe you can fool anyone to buy so that you are not the only loser?
You mixed me with some other guy. My only account on this forum is alekad.
I don't refer myself to them
I don't refer myself to them
You are walking along a path.
You notice a what appears to be a gold coin on the left side of the path, and an envelope on the right side of the path.
Which do you pick up first ?
I feel you want to catch me on something, bu it's ok. As far as I can pick up both I will chose envelope.