Gold and Silver a "Mugs game" (investment, budget, buy)

[Raise_the_Black_Flag]

Mugs game - futile or no profit endeavor


Anyone agree or disagree?


I read this recently in comments watching a you tube vid on gold and silver predictions saying that 14 dollar silver is here to stay for awhile. Further most traders consider silver and gold a mugs game

[Wells5]

Originally Posted by Raise_the_Black_Flag

Further most traders consider silver and gold a mugs game

Traders are looking to make a quick profit. I buy bullion gold as a hedge against the inevitable collapse of the US dollar.

[jdhpa]

Originally Posted by Wells5

Traders are looking to make a quick profit. I buy bullion gold as a hedge against the inevitable collapse of the US dollar.

What percentage of your investment capital do you keep in gold?

[Raise_the_Black_Flag]

Originally Posted by Wells5

Traders are looking to make a quick profit. I buy bullion gold as a hedge against the inevitable collapse of the US dollar.

PLease explain this inevitable thing to me. You realize the dollar is backed by the SDR which is backed by gold no?

[Wells5]

Originally Posted by Raise_the_Black_Flag

PLease explain this inevitable thing to me. You realize the dollar is backed by the SDR which is backed by gold no?

It was partially when SDRs came into being but not now. The US is creating new money at an alarming rate. Creating money out of free electrons in the air is not the same as creating wealth (however defined). The US Congress has been practicing fiscal malfeasance with massive and increasing budget and trade deficits and a treasury debt that can never be paid without creating massive amounts of new money. There will come a time when there will be so many dollars floating out in the world that a trigger of some sort will create a frenzy of selling.

[fred44]

Having gold in your portfolio has proven to be more helpful than not according to backtracking sites like this: https://portfoliocharts.com/portfolios/

The models show that having 10%-20% of gold in your portfolio shows the best returns over time.

[Raise_the_Black_Flag]

Originally Posted by fred44

Having gold in your portfolio has proven to be more helpful than not according to backtracking sites like this: https://portfoliocharts.com/portfolios/

The models show that having 10%-20% of gold in your portfolio shows the best returns over time.

What are the other 80-90% supposed to be in?