Anonymous wrote:Gold and silver are going down.
Global economy is going to see recession overall.

If that were the case gold and silver would go up. No recession in sight. One might come but no reason to think now.

I am 50 and own no precious metals except jewelry. Doesn’t seem like an especially helpful investment.

Gold and silver are going down.
Global economy is going to see recession overall.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I have about 40k in gold (low cost basis, maybe 10k?) and probably 100k fmv jewelry but thats family inheritance. Would only sell if it’s a real emergency.

I might add some as a hedge in the future assuming gold drops a bit. But would not put more than 5-10%.

Jewelry is not an investment.

That’s an odd statement. It’s at least worth its precious metal/gemstone content…but certainly Tiffany or other antique jewelry can be an investment the same as artwork can be an investment.

It's worth the melt value, which is less than you'll pay for it.

I am reminded of the people cautioning against lab-created diamonds because they're a poor investment. You're buying retail and selling wholesale. It's not an investment.

But not everything has to be an investment.

If you purchased a solid gold band 15 years ago, I bet you purchased it for less than it's current melt value considering gold prices have tripled.

However, "jewelry as an investment" is equivalent to buying artwork. It's the provenance of the jewelry that makes it an investment.

I don't think anyone is saying go purchase jewelry at Pandora as an investment, but if you attend a Sotheby's auction for jewelry, that's a different story.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I have about 40k in gold (low cost basis, maybe 10k?) and probably 100k fmv jewelry but thats family inheritance. Would only sell if it’s a real emergency.

I might add some as a hedge in the future assuming gold drops a bit. But would not put more than 5-10%.

Jewelry is not an investment.

That’s an odd statement. It’s at least worth its precious metal/gemstone content…but certainly Tiffany or other antique jewelry can be an investment the same as artwork can be an investment.

It's worth the melt value, which is less than you'll pay for it.

I am reminded of the people cautioning against lab-created diamonds because they're a poor investment. You're buying retail and selling wholesale. It's not an investment.

But not everything has to be an investment.

Anonymous wrote:LOL it's a question you should have considered in 2022, genius. Lucky for me I did and we are set.

You are only set if you sell…there is zero reason gold won’t be back at $1500 in a couple of years.

Anytime a commodity becomes disconnected to actual demand, then it just goes up and down based on speculation.

LOL it's a question you should have considered in 2022, genius. Lucky for me I did and we are set.

Anonymous wrote:I'm worried about the dollar and the debt. And war and inflation. I want to put 1/3 of my retirement funds into a diversified precious metals fund. My broker could barely contain his disbelief. He said usually he recommends 5% in precious metals.

What are your thought?

Zero. 5% is way more than one should have.

They sold to cover margin. Once oil prices go down gold and gold miners will skyrocket again. Look at history. Gold is alway sold first then jumps back up in value. History doesn’t repeat but it usually rhymes.

Anonymous wrote:I'm worried about the dollar and the debt. And war and inflation. I want to put 1/3 of my retirement funds into a diversified precious metals fund. My broker could barely contain his disbelief. He said usually he recommends 5% in precious metals.

What are your thought?

So, this is why any conventional wisdom on precious metals doesn't really hold in the hedge fund era.

War and inflation are now here...yet gold and silver have dropped 15% and 25% respectively. Why? Because the hedge funds sold all their precious metals (which they used a bunch of debt to acquire) and bought oil.

Gold is down 7% just today and Silver is down 12% just today.

Anonymous wrote:At mid-50s, I have 1,100 physical ounces of silver, 13 oz of gold and 12 oz platinum. Mostly American Eagles except for some Silver bars. All bought around 2015-2017. I would never own paper claims on precious metals via an ETF. Too many contract claims for each ounce of precious metals.

I hold physical precious metals as well, although I also hold some exposure to gold in ETF funds -- I'm probably split about 50/50 between the two. My physical stack is a true gold holding but I like the ETF for the price exposure to gold and the ability to get in/out seamlessly. It's done well for me.

Whatever percent is in my jewelry box?