How long with the gold run go?

[Anonymous]

Somewhat late to the gold rush. Is it worth starting to invest in gold ETF now? Historically it had been flat for several years until the recent one or two. How much higher will it go and for how many years? Then is it likely to hold flat or fall? If you do have significant capital gains and the gold investment stays flat, would you cash out with the gains? New to this commodity investment, so want to be clear on what a reasonable exit plan would be.

[Anonymous]

Higher. $6,000 an ounce. Maybe higher depending on continued volatility.

[Anonymous]

The Magic 8 Ball says "Only fools believe they can predict the future based on the past performance of any investment".

[Anonymous]

Germany is looking to move USA gold out of Europe, due to tensions caused by trump.
That could flood the market.

[Anonymous]

Anonymous wrote:Germany is looking to move USA gold out of Europe, due to tensions caused by trump.
That could flood the market.

Unlikely to cause a flood or major downward impact—gold wouldn’t be dumped on the market.

[Anonymous]

China just discovered 1000 tons of gold.

Superpower!!

[Anonymous]

Anonymous wrote:Higher. $6,000 an ounce. Maybe higher depending on continued volatility.

OP here. It cannot keep going higher and higher. It is not like a growth company. Do you bail out once it hits a certain target? Sounds like a lot of capital gains tax at that point. What is a good strategy?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Higher. $6,000 an ounce. Maybe higher depending on continued volatility.

OP here. It cannot keep going higher and higher. It is not like a growth company. Do you bail out once it hits a certain target? Sounds like a lot of capital gains tax at that point. What is a good strategy?

I’m holding fGmpx, feurx, and crazily enough PMPIX in my TSP mutual fund window. These are gold miner and precious metal related mutual funds. I am making tons and tons of money within this tax deferred account. I am slowly moving gains to other mutual funds as I make profit like VITAX, FSELX and VEMAX. I also move it to the TSP I fund.

Honestly, gold can go higher than 6k potentially. It could possible go to $7,000 or more if the run continues. We are rapidly devaluing the dollar and who knows if it could be the reserve currency forever based on what’s going on worldwide. Banks are holding gold. Bitcoin is still too volatile to make the transition to a safety asset as many people hope. We haven’t had a time like what’s going on now since post-ww2. It’s a time of transition. I’m riding the gold wave for a while longer. Yeah there are corrections, but not for a while hopefully. I am making too much money.

[Anonymous]

If you're asking on a board, it's probably over already.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Higher. $6,000 an ounce. Maybe higher depending on continued volatility.

OP here. It cannot keep going higher and higher. It is not like a growth company. Do you bail out once it hits a certain target? Sounds like a lot of capital gains tax at that point. What is a good strategy?

The "good strategy" is 1) stay away from commodities, which most people don't understand to begin with and which underperform equities over the long-term, and 2) don't buy any non-diversified asset unless you're happy taking on lots of risk. Gold is a singular asset, and is inherently not "diversified". If you want to speculate, you can buy lottery tickets or go to Vegas. If you want to actually invest, learn how - buying gold is not the way.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Higher. $6,000 an ounce. Maybe higher depending on continued volatility.

OP here. It cannot keep going higher and higher. It is not like a growth company. Do you bail out once it hits a certain target? Sounds like a lot of capital gains tax at that point. What is a good strategy?

Weimar Republic says hello!

[Anonymous]

hmm- im looking to buy gold as a south asian mom who will need to buy my kids jewelry in a few years. about 10 tolas worth, I was thinking maybe I should buy it now to hedge against it becoming prohibitively expensive in 6-10 years when my kids will want to augment the sets that they will inherit from me for their weddings. asian aunties- the main players on the gold market- my parents have passed away and my my in laws are broke- what should I do??

[Anonymous]

Where do you buy gold jewelry?

[Anonymous]

Anonymous wrote:hmm- im looking to buy gold as a south asian mom who will need to buy my kids jewelry in a few years. about 10 tolas worth, I was thinking maybe I should buy it now to hedge against it becoming prohibitively expensive in 6-10 years when my kids will want to augment the sets that they will inherit from me for their weddings. asian aunties- the main players on the gold market- my parents have passed away and my my in laws are broke- what should I do??

don't buy now. let the price settle a bit. It is going nuts and doesn't show the real value of gold.

[Anonymous]

As long as the dollar keeps sliding.