| Bitcoin will run next and Amazon stock. |
If you buy now and the price drops by 50% in 6-10 years, what should have have done today? That's your answer. Trying to guess the future value of something today is impossible, or else we'd all already be billionaires. You may as well flip a coin. |
I’m happy taking risk. The dollar is toast. I’m going to continue buying gold miner ETFs which are still undervalued still and bullion. I predict a US market crash soon. Countries are dumping our debt and we are losing reserve currency status slowly but surely. You do you, but my profits are great. Honestly, I feel bad for you if you continue to buy overpriced US tech stocks or whatever right at their peak but again you sound like a wise fellow so keep going. |
I’m not buying gold to hold that sht long term buddy. I’m buying it because I know the dollar is dropping, many countries aren’t buying our debt or are selling treasuries and crash is coming. The profits I make go to diversified index funds worldwide. At this time the money is mainly going to things like emerging market ETFs or VXUS. Even then once the S&P crashes, international markets will crash hard or harder too. The fact remains my strategy is BETTER than yours. The world is going nuts for precious metals because it’s the only safe place. I hold leveraged precious metals ETFs for several months and sell them to reinvest profits into safer long term index fund ETFs. But the money is so fking good right now with gold, silver, platinun and copper. Not to mention what’s going on with critical minerals like SETM or REMX ETF. You honestly can’t keep up with me. You have no fking idea what you’re talking about. You just buy VOO and chilll and let other people take risks and make bigger gains. |
| Agreed with all the risk taking piece. The question then is how do you incorporate gold or gold mining etf in your non-retirement part? Let's say a few years from now, the inflationary pressures are behind us and gold either stagnates or crashes. At that point, do you cash out (with capital gains) or follow some other strategy? This is not the case of buy and hold, like the broader market alternatives like VOO etc. mentioned above. |
| I take profit every couple months in my taxable brokerage account. Yeah, the collectibles tax will suck come tax time, but when I’ve made like 100% in 2 months that’s okay. I reserve 35% from each sale and stash in in SGOV to pay future estimated taxes. |
I buy IAUM. Which gold miner ETF? |
I’m not sure why you’re cursing everyone, but please share your whole portfolio so we can also benefit from your plays. Some of us are not VOO and chill and are curious. |
IAUM is great, but the way gold is appreciating I am buying 2x or 3x leveraged products to capitalize on its rapid rise. We will probably have big selloffs as investors take profits, but ultimately gold will rise in 2026. My go to things for unleveraged exposure to profit short term on precious metals bullion and miners are GLTR, GDJX, SILJ, SILV leveraged 2x: AGQ, UGL, DGP, JNUG, NUGT., I like these because while I have made a ton with 3x….if a 3x has a bad day holy sht the drop in value can be swift. Not so as much with 2x when it’s on a sustained upward trend like these. GDXU is 3x. I am going to dump all the tickers I use: GBUG, GDX, agq, dgp, gdxj, gltr, jnug, nugt, setm, shld, silj, Silv, slvp, sppp, shny, ugl, icop, cpxr, You can throw in all these tickers to chatgpt and ask it give you performance over 10, 20, 30, 55 days etc. I wonder what the yen stuff holds for precious metals. Anyway, I’m still buying. Not for too long but short term yes. Obviously I don’t believe gold will meteorically rise for 5 years. |
I’m not cursing everyone, just myopic S&P perma bulls who most likely are siloed off in their news sources (Fox probably) and can’t grasp world events or macro economics and why gold is rising. Like to them “all is okay” and in the long run S&P will always be the default in the long run. So they’re smarmy and disparage these gold swing trades and they just dollar cost average into VOO not understanding that we are a global world, and maybe that global world is realigning traders and also they are not getting that maybe the CPI and employment number sort seem off…so those are the folks I am like “don’t fking judge my moves into precious metals. You dolts don’t seem to be able to view things at a high level to understand why good is moving”. Anyway, doesn’t really fking matter anyway. |
Do you DCA or use some other strategy to buy? Most of these (esp the 2x and 3x) are either chasing a bullet train or catching a falling knife depending on if they are on an upswing or downturn. |
I am dollar cost averaging the 2x and 3x ones and pouring profits into unleveraged ones mainly GLTR, Gdxj, Silj which I will hold for 7 more months or so. There’s no perfect strategy for this other than watching current events unfold. All this is driven by uncertainty and a need to hedge against turmoil and inflation. I am very very concerned about the world and the America I love. |
Bitcoin is a bust right now. It keeps dropping and has now shown not to be a leverage against the dollar. Bitcoin dropping with the dollar |
Ouch. that sounds like a lot of short term CG. |
| I've got about 20% of my portfolio in gold, silver and uranium. My total value has gone up over 10% just in January. |