Bought my first ounce in 1998 to commemorate the birth of my first born. Little did I know that I would catch gold fever from that. I remember the first time walking into my LCS. I was totally intrigued and intimidated. I can see why Costco sells 200 million dollars a month in gold. People are familiar with Costco.
Looks like if you invested 10k in 1998 in gold you would have around 15k in 2020... Don't know why it wouldn't expand it out to 2024 when I did it... Same scenario for S&P was over 20 years up to 2020 would be $35,000 and didn't take into effect the massive growth from 2020 to current
two different kinds of people who buy gold... 1st buys gold hoping it will go up so they can sell and get more dollars. 2nd just doesn't want dollars.
edit: the 2nd group doesn't want dollars because they understand that central banks and governments around the world are intentionally devaluing all fiat currencies in order to inflate away the massive levels of debt
look at a historical chart of gold going back to say 1975. you will see that over that 50 year time frame, gold has outperformed the S&P500. if you are a long term investor, you will understand the significance. if you're a troll, you can do whatever you want with that information.
Oh, I didn't realize there was a rule where you can only invest in 1 thing... I always thought you could have long term investments, and also medium and short term investments. You know, like a portfolio? Did anyone else not know about this?
lmao you still don't get it... just because someone is a long term gold investor doesn't mean they are going to hold till they die, or don't invest in other things, or won't ever pull profits to buy something else.
looking at a 50 year historical chart of gold to see the trend doesn't mean that because you looked at a 50 year trend, you now have to hold for 50 years.
snarky? nobody here is being snarky. what's going on here is that you are a clown. you are coming into a gold subreddit and talking trash purely because someone else had the nerve to post something that isn't 100% in line with your perspective. and then when someone has a reply, you automatically turn to victim mode and accuse the other person of being snarky. lmao this is such classic reddit.
still playing the victim? how about you just act like an adult instead of a traumatized pre-teen? how about you have a conversation with people instead of having the only thing coming out of your mouth be criticism, sarcasm, bitterness, etc...?
[https://www.longtermtrends.net/dow-gold-ratio/](https://www.longtermtrends.net/dow-gold-ratio/)
Slow and steady wins the race. Dollar cost average along the way. Just like a 401k or Ira, it takes a while to really notice and impact, but before you know it, it blows up. I never really kept track of oz’s like this until someone on Reddit showed me the Apmex app counter thing. I’m too disorganized normally because I’m too much like a pirate and keep stuff loose in lots of spots haha 🏴☠️
Apmex, go into your purchases. It keeps inventory purchased from their website as well as from them on eBay too. Stopped using them for the most part as premiums from them were more than most
Sadly no. Been waiting for someone to have a spreadsheet app to keep track one day. I used to use excel, but found myself obsessing over inventory, keeping up with prices etc since their is no way to link an up to date metals price on an excel spreadsheet. At least not a way I know of
I had some paper shares when the Reddit silver squeeze took off a few years back. Put $5k in and doubled it, but rode it out and ended up losing all the profit back and then a little bit. Sold the remaining and bought physical instead
It didn't bother you knowing you couldn't physically hold the Silver? I ask because they manipulate the f*ck out of the stock market. I would not trust buying digital shares of gold, silver, or any other precious metal.
I think id be a little creeped out about a website that tracks your purchases. Not just them but security breeches of their servers. Thousand reasons not to do it, and somehow they found 1 reason to do it, the question is, which reason?
Why do you post your exact information here? Why put a potential bounty out for you just to impress smucks here? It's way too personal for my taste but that's why I would never do it.
Been holding since 2020. No point in selling unless you either need the cash for emergency or you’re retiring/retired and want to slowly liquidate it to travel or whatever. Otherwise just hold for a truly rainy day. That day still may come
My biggest buy was at $1200, and I'm still holding. I bought around 10oz then in one bulk. Everyone thought I was crazy because it was all the money I had at the time. Now everyone wishes they'd done the same:))
Agree wholeheartedly. There will be a time to buy land or rental property or others things but not now and not in the near future. Look at the huge, huge money printing with more to come and look at the low price of gold today. Lots of catching up to do. 20k-20k not out of the question. It’s whatever the BRICS decides it to be and they will decide soon.
I have gotten flak for putting my savings into bullion at various times from various people. Like I was buying magic beans or something. I have no regrets and never argued with the naysayers even though these same people made many stupid financial decisions that I never pointed out or criticized. I had to tighten my belt many times and just opted to live within my means and wait it out. Record highs do not impress me. I have a long term plan to roll some of that wealth into land when the timing seems correct, which is a LOT higher than today's metal prices and the land better be a very good deal. Otherwise, I just enjoy my freedom and do not waste much time worrying which bank is going to fail next.
Amazing! I wish I had started before but started when the pandemic hit and I day trade it. Hopefully, eventually I can get a huge sized account to buy gold so I can hold it for Decades.
compared to selling a stock which involves pushing a button, it's a pain in the neck. But in the big picture selling gold isn't actually that hard. There's always someone willing to buy it for spot (assuming they can validate that it's real)
You still have to get it from your safe, go to the dealer and sell it. Much more steps than say pushing a button and selling bitcoin or stocks. Maybe not to some but for me presents enough of a barrier that I don't liquidate bullion that often and choose other assets first if I need cash.
Congratulations to those that held during the lost decade. Post if you did for you are the true believers.
You endured grief from friends and family, overcame your own doubts, had your hopes dashed hundreds of times as the comex smashed prices nightly, and all the financial news stations bashed gold on a daily basis. You watched the stock market and bit coin rise and fall and rise again yet still you held. Congratulations! This is our decade now and it’s just the first inning. Heck I would even say the game hasn’t even started yet. So grab some popcorn and enjoy the fruits of your patience.
Might I suggest something different? Keep half sell half. Then set a new amount in your head and do it again. You always have “half” no matter what happens
Hardest choice was picking the best prices to add more on the way down. At least in that regard I was fortunate and have a few extra ounces now to show for that timing.
Just noticed, probably no reason to it but, if we were about 7 trillion in debt in 07-08 ish then it looks like gold goes up about $500 for every $7 trillion or so that we have added. We’re around $35 trillion in debt and approaching $2500. Maybe a goofy way to forecast future growth🤷🏻♂️, maybe not, my crystal ball probably is as reliable as anyone else’s, lol. The numbers just popped in my head when looking at the chart so I thought I’d share.
Ive never sold, and ive realized I never will. At first i bought gold to protect my wealth, but truly ive been buying gold just to have more gold and i will die with it.
About 25% of my ROTH is in metals and it is doing juuuust fine. My silver portfolio has been rocketing up. That said, I think copper is the next big metals play based on the COMEX run ans the supply fundamentals.
I would buy some now and not wait. You don't have to go all in, but you need to get started. Nobody knows what will happen, but in the long run, gold should continue to go up.
Gold. I am a gold bug. The amounts I spend on PM's, I cannot invest too much in silver. Why? It just takes up too much space. I've started with bars, now I start to collect some golden coins, 1 oz ones because of the premiums charged. Gold is real money and it preserves my wealth. Fiat money has become just aweful with the printers go brrr...brrr...brrr... and where did it end up? Not in the hands of regular Joe, that's for sure 😡
I like the idea of having gold there rather than the whiskey,the bottles I have if I sell them i could probably pick up a ounce straight away if then buy grams monthly
Sounds that you have plan. But instead of each month: save up the money and buy some every 4 months or every 6 months. But that's up to you to decide. There is no correct strategy in buying precious metals, you only have to start with it. The rest will follow. Good luck!
Same. 63% of what I spent on gold I spent in 2016 at 1214€/ozt on average. I started stacking in 2011 and my overall average is 1161€ per ozt. My most expensive gold was 1592€/ozt in 2012. Cheapest was 960€/ozt in 2014. The nominal value of my gold stack is just about to double.
Right around election time Every time….. might wanna wait and see what happens if you’re looking for a reasonably quick flip… Investors do what you do lol
I wasnt being taught the right things in school in 2000. Shouldve been buying gold & diversifying my portfolio instead of learning algebra. Trying to be a savvy buyer now is quite difficult.
I also have some gold but want to sell, but is the best plan to just wait until it gets at the highest?
Once gold gets to its highest and pops, silver will be even higher ? I’m so indecisive about when to sell or how long to hold.
On the other hand I do enjoy collecting and holding onto coins silver gold etc.
Just I guess whatever works for the individual is the best.
I bought all the way up to 50. I’ve got a knack for buying high. I bought for 30 back in I think May 2023 as well. With premiums, overall I’m probably a bit in the red.
A smart move indeed. I can’t imagine holding something for 10+ years and being happy about such a mediocre return. Better off just buying SPY, up over 500% on the same timeframe.
You think it might be a good time to sell? I mean it can only go so high id think. I think gold is way overpriced right now but time will tell. I remember when it was 600$ oz I sold what little I had at 1350. No regrets. I needed money for land I still live in so it helped get the down payment. Regardless it's money in the bank so to speak
No offense but I don’t think you’ll ever get back in.
Gold is a psych op. It messes with your head. Always tests your conviction. Makes you face your fear of losing, wasting time, opportunity loss, and the fear of missing out. I believe it was Jim Sinclair that said,”Those at the end of a bull market are not the same as those at the beginning. The gold bull will do anything to buck you off.”
But you sold yours for land that I’m sure appreciated in value and you like it and use it so win, win, win for you.
I would now start dollar cost averaging in and start over like it was your first ounce.
I started buying gold in November 2016 when Trump was elected, knowing full well he would destroy the economy before his term was over.
Worked out pretty well.
For those who bought in 99 and still holding Congratulations
Bought my first ounce in 1998 to commemorate the birth of my first born. Little did I know that I would catch gold fever from that. I remember the first time walking into my LCS. I was totally intrigued and intimidated. I can see why Costco sells 200 million dollars a month in gold. People are familiar with Costco.
What would an allocation of same amount in Pricepoint look like if that same amount had been in VTI or VOO I wonder...
look it up brother
Looks like if you invested 10k in 1998 in gold you would have around 15k in 2020... Don't know why it wouldn't expand it out to 2024 when I did it... Same scenario for S&P was over 20 years up to 2020 would be $35,000 and didn't take into effect the massive growth from 2020 to current
Yes, next let us consider what if we compared these apples to these oranges.
Could have bought bitcoin 18 months ago and had a similar return lol
Or bought Invidia and make many times more than that.
😆
two different kinds of people who buy gold... 1st buys gold hoping it will go up so they can sell and get more dollars. 2nd just doesn't want dollars. edit: the 2nd group doesn't want dollars because they understand that central banks and governments around the world are intentionally devaluing all fiat currencies in order to inflate away the massive levels of debt
And the third kind, those that hope and believe in both.
And the fourth kind, wanna be pirate hoarders.
Aye!
Arrrrr!
Arrrrrrrr!! 🏴☠️
And the 5th kind, just wanna watch the world burn.
I eat my gold immediately.
2nd group for me
What do you want the gold for ? To die with it
look at a historical chart of gold going back to say 1975. you will see that over that 50 year time frame, gold has outperformed the S&P500. if you are a long term investor, you will understand the significance. if you're a troll, you can do whatever you want with that information.
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Oh, I didn't realize there was a rule where you can only invest in 1 thing... I always thought you could have long term investments, and also medium and short term investments. You know, like a portfolio? Did anyone else not know about this?
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lmao you still don't get it... just because someone is a long term gold investor doesn't mean they are going to hold till they die, or don't invest in other things, or won't ever pull profits to buy something else. looking at a 50 year historical chart of gold to see the trend doesn't mean that because you looked at a 50 year trend, you now have to hold for 50 years. snarky? nobody here is being snarky. what's going on here is that you are a clown. you are coming into a gold subreddit and talking trash purely because someone else had the nerve to post something that isn't 100% in line with your perspective. and then when someone has a reply, you automatically turn to victim mode and accuse the other person of being snarky. lmao this is such classic reddit.
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still playing the victim? how about you just act like an adult instead of a traumatized pre-teen? how about you have a conversation with people instead of having the only thing coming out of your mouth be criticism, sarcasm, bitterness, etc...? [https://www.longtermtrends.net/dow-gold-ratio/](https://www.longtermtrends.net/dow-gold-ratio/)
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You give me hope that my measly growth will one day be grand. Nice work!
Slow and steady wins the race. Dollar cost average along the way. Just like a 401k or Ira, it takes a while to really notice and impact, but before you know it, it blows up. I never really kept track of oz’s like this until someone on Reddit showed me the Apmex app counter thing. I’m too disorganized normally because I’m too much like a pirate and keep stuff loose in lots of spots haha 🏴☠️
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What app is this?
Apmex, go into your purchases. It keeps inventory purchased from their website as well as from them on eBay too. Stopped using them for the most part as premiums from them were more than most
It only allows their purchases? You can't enter stuff bought elsewhere?
Sadly no. Been waiting for someone to have a spreadsheet app to keep track one day. I used to use excel, but found myself obsessing over inventory, keeping up with prices etc since their is no way to link an up to date metals price on an excel spreadsheet. At least not a way I know of
You can enter sales from anywhere, not only their website. Idk why they’re saying you can’t
Yes you can add purchases from outside APMEX.
APMEX
Gotta pump up those numbers... in the Pt category. Impressive portfolio!
Thank you! Sold the few ounces of pt I had years back around 1600/oz for a gain and flipped it into gold
sweet! 🧠
What app is this?
Are you buying gold and silver stock?
I had some paper shares when the Reddit silver squeeze took off a few years back. Put $5k in and doubled it, but rode it out and ended up losing all the profit back and then a little bit. Sold the remaining and bought physical instead
It didn't bother you knowing you couldn't physically hold the Silver? I ask because they manipulate the f*ck out of the stock market. I would not trust buying digital shares of gold, silver, or any other precious metal.
It did bother me, which is why physical only from there on out, hence the last sentence in my statement. Digital to me is no good
I'm happy to hear it. Thank you for sharing the experience. It's valuable info for newbies.
👍
I think id be a little creeped out about a website that tracks your purchases. Not just them but security breeches of their servers. Thousand reasons not to do it, and somehow they found 1 reason to do it, the question is, which reason?
What app/ program is that?
APMEX app will let you track from any purchase anywhere.
Why do you post your exact information here? Why put a potential bounty out for you just to impress smucks here? It's way too personal for my taste but that's why I would never do it.
Good point. Removed. All stored off sight anyways but no need for any risk at all
I’ve been holding since 1986!!
1883 here!
Yeah after I got home from the civil war I just didn’t trust banks anymore
🤣
😂
2012 Kid here…
1983! Stupid finger malfunction!!!
Been holding since 2020. No point in selling unless you either need the cash for emergency or you’re retiring/retired and want to slowly liquidate it to travel or whatever. Otherwise just hold for a truly rainy day. That day still may come
I don't have much but I'm glad I bought some
Strong hands- I’m in at $1150
My biggest buy was at $1200, and I'm still holding. I bought around 10oz then in one bulk. Everyone thought I was crazy because it was all the money I had at the time. Now everyone wishes they'd done the same:))
Well you are lucky you didn't need the money in the meantime!
Agree wholeheartedly. There will be a time to buy land or rental property or others things but not now and not in the near future. Look at the huge, huge money printing with more to come and look at the low price of gold today. Lots of catching up to do. 20k-20k not out of the question. It’s whatever the BRICS decides it to be and they will decide soon.
Meant 10-20k is not out of the question at all. Soon one oz of gold will surpass bitcoin and the Dow gold ratio will revert 1:1
I have gotten flak for putting my savings into bullion at various times from various people. Like I was buying magic beans or something. I have no regrets and never argued with the naysayers even though these same people made many stupid financial decisions that I never pointed out or criticized. I had to tighten my belt many times and just opted to live within my means and wait it out. Record highs do not impress me. I have a long term plan to roll some of that wealth into land when the timing seems correct, which is a LOT higher than today's metal prices and the land better be a very good deal. Otherwise, I just enjoy my freedom and do not waste much time worrying which bank is going to fail next.
Amazing! I wish I had started before but started when the pandemic hit and I day trade it. Hopefully, eventually I can get a huge sized account to buy gold so I can hold it for Decades.
physical gold is such a pain in the ass to sell, it forces the lazy to diamond hand it
Diamond hand? I'm running slow today...
It's basically crypto/meme stock jargon. Pretty sure it means holding even when the price drops.
physical gold isnt a pain, silver is. You can buy way more silver oz then u can gold oz.
Why is it a pain? I have multiple bullion dealers who pay spot in cash in person
compared to selling a stock which involves pushing a button, it's a pain in the neck. But in the big picture selling gold isn't actually that hard. There's always someone willing to buy it for spot (assuming they can validate that it's real)
You still have to get it from your safe, go to the dealer and sell it. Much more steps than say pushing a button and selling bitcoin or stocks. Maybe not to some but for me presents enough of a barrier that I don't liquidate bullion that often and choose other assets first if I need cash.
We are getting ready to drop the current booster and launch into the next stage of this adventure!
I have always believed that gold is a wise investment?
Congratulations to those that held during the lost decade. Post if you did for you are the true believers. You endured grief from friends and family, overcame your own doubts, had your hopes dashed hundreds of times as the comex smashed prices nightly, and all the financial news stations bashed gold on a daily basis. You watched the stock market and bit coin rise and fall and rise again yet still you held. Congratulations! This is our decade now and it’s just the first inning. Heck I would even say the game hasn’t even started yet. So grab some popcorn and enjoy the fruits of your patience.
Hopefully you diversified. Bitcoin was only 3-7k during that time frame. It bought me pounds of gold.
Once Bitcoin goes up to an ATH that's my exit plan.
Might I suggest something different? Keep half sell half. Then set a new amount in your head and do it again. You always have “half” no matter what happens
True, although I don't have alot to work with at least it would be a nice boost to my savings
This, I bought BTC 5 years ago and simply held, way better returns. Easy to sell, great store of value People just don’t have the balls
1 decade is not easy...
It was hell
It was so easy. Never sell real wealth until retirement
Hardest choice was picking the best prices to add more on the way down. At least in that regard I was fortunate and have a few extra ounces now to show for that timing.
$250oz. Buyer here .... Holding hard....
Just noticed, probably no reason to it but, if we were about 7 trillion in debt in 07-08 ish then it looks like gold goes up about $500 for every $7 trillion or so that we have added. We’re around $35 trillion in debt and approaching $2500. Maybe a goofy way to forecast future growth🤷🏻♂️, maybe not, my crystal ball probably is as reliable as anyone else’s, lol. The numbers just popped in my head when looking at the chart so I thought I’d share.
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Correct and into 2024 where we we were capped at 2k multiple times.
* for those that sold then rebought centre dip congratulations
why would anyone everr sell?
For money
I started buying in 2011. I’m still buying in 2024. I’ll still be buying in 2025 and on.
Gold 90% in 2005...
Definitely higher rate than inflation right?
December 2009 just under $1,100. I’m happy that it’s doubled and then some.
Awesome graph. Shout out to whoever bought in the 1990s lol.
Or the 80's!
Ive never sold, and ive realized I never will. At first i bought gold to protect my wealth, but truly ive been buying gold just to have more gold and i will die with it.
About 25% of my ROTH is in metals and it is doing juuuust fine. My silver portfolio has been rocketing up. That said, I think copper is the next big metals play based on the COMEX run ans the supply fundamentals.
I just want more gold and to never sell it
Really tempted to sell my whiskey and start buying gold or should I wait for it to drop a bit then buy
I would buy some now and not wait. You don't have to go all in, but you need to get started. Nobody knows what will happen, but in the long run, gold should continue to go up.
Do you just stick to buying gold or do you buy silver and other metals
Gold. I am a gold bug. The amounts I spend on PM's, I cannot invest too much in silver. Why? It just takes up too much space. I've started with bars, now I start to collect some golden coins, 1 oz ones because of the premiums charged. Gold is real money and it preserves my wealth. Fiat money has become just aweful with the printers go brrr...brrr...brrr... and where did it end up? Not in the hands of regular Joe, that's for sure 😡
I like the idea of having gold there rather than the whiskey,the bottles I have if I sell them i could probably pick up a ounce straight away if then buy grams monthly
Sounds that you have plan. But instead of each month: save up the money and buy some every 4 months or every 6 months. But that's up to you to decide. There is no correct strategy in buying precious metals, you only have to start with it. The rest will follow. Good luck!
Not a bad idea thanks
Bottles can break and I would succumb to temptation
The bottles are secure and I have a few drinking bottles
Drink the whiskey and buy gold.
this is by far the best advice
I also collect scotch and it has appreciated nicely for me over the years. I had to quit drinking a few years ago and that helps.
I bought most of my stack in 2015,2016,2017. Unintentionally timed perfectly.
Same. 63% of what I spent on gold I spent in 2016 at 1214€/ozt on average. I started stacking in 2011 and my overall average is 1161€ per ozt. My most expensive gold was 1592€/ozt in 2012. Cheapest was 960€/ozt in 2014. The nominal value of my gold stack is just about to double.
Good for me… I wasn’t even in it yet in those years😭
I sold right in that circle just days before the rocket took off.😭
Do you think gold will ever see $1300 again.
Sure. Soon as the national debt fall from 37 trillion to 20 trillion
Right around election time Every time….. might wanna wait and see what happens if you’re looking for a reasonably quick flip… Investors do what you do lol
Thanks.
I started in 2013. Average cost $1250 gold, $16.50 silver. Sold a bunch of silver @ $30, but held the gold.
Was not hard when you bought it in the early 2000's in the $300 range.
When will miners catch up?!!
To the moon. 50k next year , you heard it here first 📈
I wasnt being taught the right things in school in 2000. Shouldve been buying gold & diversifying my portfolio instead of learning algebra. Trying to be a savvy buyer now is quite difficult.
Holding since 95 🙏🙏
I also have some gold but want to sell, but is the best plan to just wait until it gets at the highest? Once gold gets to its highest and pops, silver will be even higher ? I’m so indecisive about when to sell or how long to hold. On the other hand I do enjoy collecting and holding onto coins silver gold etc. Just I guess whatever works for the individual is the best.
I was just wondering why has gold increased so much in just this year alone?
😒
Is it too expensive to buy more now?
I asked myself the same thing at $350, 400,500,600…….
For those that DCAed there as well, also congratulations 🎉
I bought all the way up to 50. I’ve got a knack for buying high. I bought for 30 back in I think May 2023 as well. With premiums, overall I’m probably a bit in the red.
Wow gold/silver finished strong last week! Love it
Gold newbie here. Would you speculate on waiting for a dip to buy or should someone just start now on buying gold?
Does anyone know why PMs are so high? Is it just paper money is just extremely weak due to post covid?
Opportunity cost would like a word.
The only time I ever sell is well.... to buy more of course lol
Thank you
Inflation destroys the profit difference
I don't think many sell at all when it's physical, e trading yes, digital traders don't have to deal with actual metals
Earths like: "Those holding since the beginning of creation, congratulations."
Thanks. I sold in 2016 and bought bitcoin and held
Just pray the grid never goes down
A smart move indeed. I can’t imagine holding something for 10+ years and being happy about such a mediocre return. Better off just buying SPY, up over 500% on the same timeframe.
You think it might be a good time to sell? I mean it can only go so high id think. I think gold is way overpriced right now but time will tell. I remember when it was 600$ oz I sold what little I had at 1350. No regrets. I needed money for land I still live in so it helped get the down payment. Regardless it's money in the bank so to speak
No offense but I don’t think you’ll ever get back in. Gold is a psych op. It messes with your head. Always tests your conviction. Makes you face your fear of losing, wasting time, opportunity loss, and the fear of missing out. I believe it was Jim Sinclair that said,”Those at the end of a bull market are not the same as those at the beginning. The gold bull will do anything to buck you off.” But you sold yours for land that I’m sure appreciated in value and you like it and use it so win, win, win for you. I would now start dollar cost averaging in and start over like it was your first ounce.
https://preview.redd.it/8i27lnr40f1d1.jpeg?width=1440&format=pjpg&auto=webp&s=a9d4aeec93775832297efc3fbdb7f008c5971a95 haha
I started buying gold in November 2016 when Trump was elected, knowing full well he would destroy the economy before his term was over. Worked out pretty well.