Any stackers here?

[Sergeant Hartman]

So probably now is not the best time to buy gold? Or is it actually the best time?

[StraightWhiteMale]

So probably now is not the best time to buy gold? Or is it actually the best time?

To me the next 10-15 years are going to be rough and the world is going to be very unstable. So I would buy gold at any price now because I believe it is going well over 10000USD.

[wanneroo]

So probably now is not the best time to buy gold? Or is it actually the best time?

You could always dollar cost average it out buying bits along the way up or down.

Probably the best thing I think is to find your own.

Unfortunately my uncle passed away in the late 90s. He was a true mountain man, rock hound and gold panner and he lived in an 1880s mountain shack with one wall that was the mountain and the kitchen sink ran into an old mining shaft. The place he lived in the Rocky Mountains was once considered one of the most lucrative places for gold on earth. I remember visiting him one time and he was showing me around his collection stashed in old campers around the property. At one point he pulled out an old cardboard box with about nine small sacks tied with string and he opened them up to show me his fine gold and collection of nuggets. He had another box on the floor too. In the summer he would spend his time sluicing and panning upstream, in the winter work odd jobs. When he died his "friends" ransacked the property and all those boxes disappeared. Shame he passed away before I moved out there as he could have taught me a lot.

[TassieTiger]

So probably now is not the best time to buy gold? Or is it actually the best time?

Interestingly, mr investment - Warren Buffet - doesn’t invest in gold because it’s not overly useful as a resource, he invests in neatly everything else...

[StraightWhiteMale]

Interestingly, mr investment - Warren Buffet - doesn’t invest in gold because it’s not overly useful as a resource, he invests in neatly everything else...

He only likes to invest in things that pay a dividend. Gold pays nothing untill you sell it. I do think he lies about gold though. A man of his wealth would have some gold locked away somewhere as a hedge against inflation to protect his wealth. Gold is not really an “investment” It is more of a preservation. Your not making bulk profit you are protecting yourself from losing profit.

[TassieTiger]

True - most ppl want at least some return but I like the reasoning of guarding against inflation.

[Bill]

So probably now is not the best time to buy gold? Or is it actually the best time?

Nope you missed the boat, a few years ago it was $12-1300 oz and you dont buy physical gold you buy the miner like Newcrest, both myself and my brother have done particularly well sensing that as a producer they finally had got the right management in, production went up and costs down, share price has tripled but gold only went up 25%.

[Sergeant Hartman]

Lol so that's like getting bank shares, as it's safer to get Australian bank shares and get better returns than keeping money in bank

[Bill]

Not really mate, it's about profitability and slight uptick in gold prices can lead to a huge share price increase.

The key to any commodity is knowing how the whole well ur companies performs against its competitors and getting the timing right.

[StraightWhiteMale]

I will stick to owning the physical over a piece of paper to a claim. A lot of the claims are owned by multiple people for metal that is not even out of the ground yet. The next 10-15 years are going to be very rough for world stability. The crash of 1929 was nothing like what is coming.

Part 4 of banking act of 1959 states the governor general can steal our gold. Our private property can be stolen. What did Charlton Heston say about his cold dead hands?

[TassieTiger]

The key to any commodity is knowing how the whole well ur companies performs against its competitors and getting the timing right.

So your a billionaire then ? If anyone knew how to time the markets - they’d be Rich as North Korea,
I implore you to listen to the podcast RE Warren buffets bet vs those that thought they could read the market - it’s bloody interesting and outright proved - no man, computer, machine, can predict emotion in the market.

[StraightWhiteMale]

So your a billionaire then ? If anyone knew how to time the markets - they’d be Rich as North Korea,
I implore you to listen to the podcast RE Warren buffets bet vs those that thought they could read the market - it’s bloody interesting and outright proved - no man, computer, machine, can predict emotion in the market.

Of course everybody knows “buy low, sell high” or even short the market but it really is not that simple. As you stated, the market is an animal all of its own and no crystal ball exists that can predict what tomorrow brings. One can make educated guesses but in reality its a guessing game.

[Bill]

Tassie Tiger investing in anything requires knowledge which only comes from research, the more the you do the lower the risk.

[StraightWhiteMale]

So you have researched when the next market crash will be and you will sell the day before hey?

[Bill]

Cmon mate if you havent noticed the Dow is down 12% from earlier peaks and it would appear we have gone past a normal 10% correction. I havent bought shares for 2 years as I was happy to watch the Donnie show, sure I missed out the 20% last year but Im comfortable with that.

Straightwhitemale I'm conservative with shares but every few years I get enticed back in, this year will be the best opportunity to grab a heap of cheap stocks at a 30 to 45% discount. Look at Fortuscue, Treasury Reserve, Harvey Norman etc most are already down 15% and with further falls on the cards as corona picks up you really don't need to be a rocket scientist to make a lazy 50% plus return over the next 2/3 years. When is the bottom ?? watch and research, wont be easy to pick but probably in the 2nd half of the year when most of the world has been infected and it has been accepted as here to stay.

[TassieTiger]

So Bill - your telling me that you are a better inverter than Warren Buffett ? Because even he has said - it’s a 99.9% guess.
The superannuation funds are currently reeling - with their supercomputers, tech heads and ecommerce super stars they too can’t predict highs and lows...but you can? Well mate...self confidence is one thing, drlusion is another lol

I vote we all start an investment group - following Bills unloseable advice. ?

[Bill]

Cmon tassie tiger whats Buffet got to do with Coronavirus ?? Super is Super and its something you cant touch til you retire. Stick with industry funds, easy to research the Top 10 funds and see their returns over the last decade.

Business will return to normal in a year or 3 and guess what most of whats lost in the crisis will be returned. Highs and lows ?? hey thats the fun trying to pick it

[TassieTiger]

Sorry, I read into your post as you having the ability to call the bottoms and peaks of shares - it’s a bit of fun if you are “playing” but There’s no fun in ppl losing retirement funds / plans...as tens of thousands have done in 08 and last week, because industry leaders can’t really predict s**t...and neither can anyone.

[wanneroo]

Sorry, I read into your post as you having the ability to call the bottoms and peaks of shares - it’s a bit of fun if you are “playing” but There’s no fun in ppl losing retirement funds / plans...as tens of thousands have done in 08 and last week, because industry leaders can’t really predict s**t...and neither can anyone.

It's down to the person involved to manage their risk such as not putting all their eggs in one basket and reducing their risk as they age with more mature companies with stability.

What today's share price is only matters so much, when you sell it is what will count. Lots of people buy at market highs and then turn around and panic and sell. You mentioned RIO and buying it at a high. If you had held that till now, the dividends received would have since paid for a lot of your initial investment and over decades would return a substantial amount.

In regards to retirement I am an advocate for people having some sort of side hustle or extra income so when they retire they are not dependent on the government or one fund or whatever.

[wanneroo]

Cmon mate if you havent noticed the Dow is down 12% from earlier peaks and it would appear we have gone past a normal 10% correction. I havent bought shares for 2 years as I was happy to watch the Donnie show, sure I missed out the 20% last year but Im comfortable with that.

Straightwhitemale I'm conservative with shares but every few years I get enticed back in, this year will be the best opportunity to grab a heap of cheap stocks at a 30 to 45% discount. Look at Fortuscue, Treasury Reserve, Harvey Norman etc most are already down 15% and with further falls on the cards as corona picks up you really don't need to be a rocket scientist to make a lazy 50% plus return over the next 2/3 years. When is the bottom ?? watch and research, wont be easy to pick but probably in the 2nd half of the year when most of the world has been infected and it has been accepted as here to stay.

I bought Fortescue at around US$2.50 a share, it popped up to over $8 and is now down to $6.50 or so. I see Fortescue as riskier and more exposed than other mining companies as they don't have the diversity in other metals and mining operations. They've just released a dividend of .76 per share which is pretty good and they have left plenty of cash on the table for reinvestment. I expect iron ore demand to slow in China this year so if Fortescue drops back down in the $3 range I will probably take the opportunity to buy more.

I just bought more Shell. Shell is well positioned worldwide for the future as an energy company, not just oil.

[Sergeant Hartman]

Good point there wanaroo it comes down to risk vsc reward. Generally the higher the returns the higher the risk.

Most of the people who lost money after the global financial crisis are those who panicked and sold up. Those who held onto made the mods bank within a year or so and then went onto make huge gains.

Now currently, with my super its high returns, as i still have a decade or more to go. And most years the returns are nearly 10%. With extra cash it goes into the home loan, cuz i am happy with 4% returns. As i am very risk averse.

[Bill]

I bought Fortescue at around US$2.50 a share, it popped up to over $8 and is now down to $6.50 or so. I see Fortescue as riskier and more exposed than other mining companies as they don't have the diversity in other metals and mining operations. They've just released a dividend of .76 per share which is pretty good and they have left plenty of cash on the table for reinvestment. I expect iron ore demand to slow in China this year so if Fortescue drops back down in the $3 range I will probably take the opportunity to buy more.

I just bought more Shell. Shell is well positioned worldwide for the future as an energy company, not just oil.

I couldnt work out why you quoted the wrong share price than realized it was in Yanky peso's

I was in perth last week for work and spoke to a few miners and they dont feel the bite yet but expect the downturn to really hit shortly. Most miners have stared digging up old tyres they had buried cause new rubber is being held up due supply chain issues, some rubber will get thru but other parts will also become an issue so further falls definitely on the cards.

[TassieTiger]

So invest in condims then ?

[Stoney]

So, I started buying my Silver in 2017 when the price was AUD$20 or there about's. Gold was at AUD$1600 or there about's. I was seriously going to buy a 1kg Gold bar @ AUD$1600 plus Perth Mint profit which of course equaled around $56,200 plus, Insurance and Transport. At the price today that bar would be worth AUD$75,000( BID )?. AUD$18,800 profit minus Insurance and Transport for only 3 years. PLUS you have the physical bar in your hand. Not paper, not a computer record, not speculation, not Bitcoin thin air.
PLUS Gold and Silver is NOT taxed when you buy it OR sell it unlike shares. Makes perfect sense to me. Just remember, today is tomorrows yesterday. I am already kicking myself for not getting in on Gold before.it went up. Both Silver and Gold will grow at an expediate rate in the next few years I believe. StraightWhiteMale is on the same page as myself. If I am wrong and there is no market whatso ever for Silver, well then I will cast it into bullets

[TassieTiger]

. Not paper, not a computer record, not speculation, not Bitcoin thin air.
PLUS Gold and Silver is NOT taxed when you buy it OR sell it unlike shares.

But is IS speculation, you e left it to increase but nothing is certain...and are you sure RE tax? I would have thought if you’d make a profit, then your bound to declare it as income, and if you lose when you sell - then you have a write off scenario?

I literally just bought into silver and it dumped lol. Missus was in to me and I told her that we were absolutely covered as far as being attacked by were wolves...

[Sergeant Hartman]

Except now news sites are publishing stories how people with jewelry are rushing to sell it as many think gold price is starting to reach the peak, so lucky make a fair bit of profit.

[straightshooter]

After a visit to the supermarket last night it seems toilet paper is the new gold !

[Bill]

Which is rather silly as we have toilet paper manufacturers in Mt Gambier SA and Wetheril Park in Sydney, just shows how stupid people are.

[StraightWhiteMale]

In Roman times salt was an important commodity.

Speaking of selling jewellery, if you go to the USA you are only allowed to bring the equivalent of 10000USD into the country without declaring it. This includes cash and gold bullion. However if you melt your gold bullion into jewellery it is excluded and does not need to be declared. This is why you see a lot of people going into the USA with massive chains, bracelets, rings etc to bring gold into the country.

[Sergeant Hartman]

But still there is no actual use of Gold. Except jewelry and bullion where you hope. Tomorrow our government can just do like US.... but more, ie no gold bullion or jewellery over 10k can be traded without notifying the tax office