Reply to How long with the gold run go?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Higher. $6,000 an ounce. Maybe higher depending on continued volatility.[/quote]

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?[/quote]

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.  [/quote]

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.[/quote]

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