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Are you talking about the ETF itself, or the metal price? Some folks including myself prefer using CEF over GLD (prospectus issues mainly). I think gold's safer than silver, as silver and Platinum group metals have industrial demand issues during a downturn.
Are you talking about the ETF itself, or the metal price? Some folks including myself prefer using CEF over GLD (prospectus issues mainly). I think gold's safer than silver, as silver and Platinum group metals have industrial demand issues during a downturn.
i wouldn't buy gld . we are deflating and that can mean a long wait for gold to pay off if at all . it will have its spikes but odds are nothing sustainable .
From my (highly uninformed) viewpoint, gold and silver are probably going to sit because the fear is low growth/low inflation, not high inflation. The dollar is also in a pretty steady trend, so unless there's something akin to a 2008-style crisis brewing (which is unlikely), I don't see anything happening to that either.
I'd say the best tactic right now is to sit and wait.
I am getting my bonus money in few weeks, just wondering would you buy GLD or SLV now?
We are currently in a deflationary environment and gold / silver will suffer from the same deflationary pressures as all other commodities. When prices are falling, the best place to be is in cash, as the cash is increasing in purchasing power as prices deflate.
Cash is the best place to be right now or very short-term risk defined trades, it's a coin toss whether this ends up being a crash or not (at this point). However, if I had to bet, I would say this is a top that is forming.
Cash is the best place to be right now or very short-term risk defined trades, it's a coin toss whether this ends up being a crash or not (at this point). However, if I had to bet, I would say this is a top that is forming.
Second week of Jan 2016, GLD was trading $102 now it's close to $120. Good thing I bought some but only bought 25 shares.
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