Precious metal ETFs so high I’m nervous and want to diversify away from them

[Anonymous]

I’m nervous gold ETFs will crash soon. Or strongly correct. I am already buying emerging and international market ETFs like VXUS, EWY and ILF. Is this the best place to diversify? Any other good ETFs or sectors? Bonds? I have a feeling we are headed for a market crash soon. Gold doesn’t just rise $300 in one day if things are going well. Any suggestions on where to allocate these gold profits in the market in the face of a crash? What’s safe?

[Anonymous]

Anonymous wrote:I’m nervous gold ETFs will crash soon. Or strongly correct. I am already buying emerging and international market ETFs like VXUS, EWY and ILF. Is this the best place to diversify? Any other good ETFs or sectors? Bonds? I have a feeling we are headed for a market crash soon. Gold doesn’t just rise $300 in one day if things are going well. Any suggestions on where to allocate these gold profits in the market in the face of a crash? What’s safe?

Just convert to cash and dollar cost average into an S&P 500 index fund over some time period.

[Anonymous]

I was glancing at a reddit forum and people were boasting about cashing out their bitcoins to buy silver. That tells me we're due for a good correction at some point.

Just invest in the S&P. For long term investing it is among the most reliable. Chasing short term is gambling.

[Anonymous]

Gold futures have gone down nearly 150 points since 9:30 market open today.

[Anonymous]

When the herd rushes towards something, it's time to run the other way.

[Anonymous]

Yeah I don't think I'm buying gold for a few days..

Being up so much the past few days, everyone brought today. The ones who have had it for awhile saw their gains and sold today - it's all timing. You buy when there's less focus, not when there's awareness

It will continue to rise but it'll be in flux. You'll have to just be lucky enough to time it to short it OR buy when it gets below $5k and hold it. Just hold it for a very long time.. it's not going to just shoot up daily. I do think it'll continue going up maybe even to $8-9k but over the course of the year or so. It'll be up and down like this for some time but each time it goes up will be higher.

[Anonymous]

I would keep it all if I were you. With the state of the world as it is, I don't see how it could possibly crash in the foreseeable future, OP.

This is what people thought about the long rise of Apple, BTW. Now I have 20M in Apple stock, because I never sold.

[Anonymous]

Anonymous wrote:I would keep it all if I were you. With the state of the world as it is, I don't see how it could possibly crash in the foreseeable future, OP.

This is what people thought about the long rise of Apple, BTW. Now I have 20M in Apple stock, because I never sold.

Yes, recognize you. Many times.

Apple pays dividends. 20M in Apple stock should generate 840k in dividends, which is quite nice. Assuming you do indeed have the 20M.

Gold ETFs do not pay dividends. It is strictly subject to market demands. What is the point if you never sell?

[Anonymous]

Oil, energy.

I have some critical mineral/rare earths plays too but those are getting blown out today.

[Anonymous]

Here are some candidates for long term hold:

IAUM (lowest expense ratio for gold ETF)
SIVR (Silver demand will only go up)
ICOP (Copper is used more and more now)
REMX VanEck Rare Earth & Strategic Metals ETF (Countries positioning for rare earths)

[Anonymous]

Hopefully gold futures ticking up are an indication of gold rising again. It’s holding arpuns$4,800 as of now.