Let's discuss our Metals investing

[StevenK]

Last week gold and silver dipped and some people panicked. My friend commented to me that I just cost him10K. I'd been barking at him for years now diversify and get some metals. His argument was it keeps going up and he can't justify buying at peak of market (yeah, I know...).

So anyways, he'd finally caved and bought 10 oz from APMex a week ago Tuesday night, physical gold. It was a pre-order bar so it still hasn't shipped. Meanwhile, market overreacted to a Trump announcement as it's want to do and when he looked at his order the following morning - the same order would have been $9,200 cheaper.

He texts me, losing his mind. I tell him to relax, wait 36 hours, all of the good investors are going to swoop in now and buy the discounted gold. He wasn't buying it at first but he's cooling off now. Order still hasn't shipped of course...

At any rate, got me thinking of this thread from...11 years ago...gold was $1,287 in August 2014. Silver was $19. Palladium $904. Platinum $1,424.

I try not to give any money advice to anyone. If it goes well they'll forget you told them and actually gloat to you about how clever they are, if it goes to shit it's all your fault.

I don't even recommend a movie. If they don't like it they talk to you like you personally ruined their evening.

I had a guy who I hadn't spoken to since our kids were at playgroups together message me and complain that the repair he'd had done at a bodyshop I'd recommended had started to peel, a decade later.

 

[wyo]

The paint is starting to peel now 10 years later or he's telling you about it 10 years later? Either way, he can fuck off but I demand clarification!

 

[nuke sc]

I'M READING A BOOK ABOUT METALS... LADY WHY ARE YOU SO INTERESTED IN WHAT I READ OR WHAT I DO??

 

[StevenK]

The paint is starting to peel now 10 years later or he's telling you about it 10 years later? Either way, he can fuck off but I demand clarification!

both

 

[Dr. Jigglin]

both

Riveting

 

[SpamYouToDeath]

You fuckers need to stop buying metals so the housing market in Perth can cool down

 

[Taiso]

We're just narrowing down the places where joe8 can squat

 

[Dr. Jigglin]

We're just narrowing down the places where joe8 can squat

in this newly dug, cozy, 6ft shaft.

 

[NeoSneth]

I don't invest in Metals.
It's not a terrible idea, but it is subject to crash like any commodity.

a decade later, and I still don't invest in metals. Look at me.

 

[max 330 megafartz]

a decade later, and I still don't invest in metals. Look at me.

i dont either, but my finances and investments are so upside down i am finally going to have to hire a CPA to figure out what i have to do to stop giving over 40 percent of my income to taxes just to stay afloat. Maybe he will tell me to invest in metals. Or kill myself so all my money i will never by any chance live long enough to access via predetermined old age goes to my GF while she is still barely young enough to go buy an actual home with land and be a human and enjoy it.