I've been holding gold almost all year and its been a few times at ath or close to it but now it just skyrocketed and tbh I might take the profits. I'm not an expert but I don't see the US being where it is right now in the next 10 years in terms on power in the market and it concerns me since I will be holding for atleast 25yrs
Gold at ath and I'm scared with Vanguard and the rates, time to take profits?
byu/ShowerAny5898 ininvesting
Posted by ShowerAny5898
15 Comments
Find a trustworthy pro. You don’t have the temperament to manage money.
You sell when you have something urgent to pay for. Otherwise you prolly making a mistake. Best of luck out there.
I wouldn’t worry about it.
The US will be fine, too.
If you sell do you plan to rebuy later?
If you do plan to rebuy, at what value is your goal?
If it never gets to the goal value, what do you plan to do with the money? Just let it sit?
Selling for a profit is the easy part, knowing when to buy back in is the problem. You wrote that you plan to hold for 25 years, why do you care what it does in 5-10 years then? That’s called timing the market and you can find thousands of articles and videos that show you it doesn’t work for most people.
Gold will continue to do just fine, with normal dips along the way. I’d love it if gold collapses and the fear trade disappears, because it would mean the US economy has regained all footing and is off to even higher highs and avoid recession. But since that scenario is not going to happen, keep your gold and let it ride, worse things lay ahead if the current path is maintained. Stocks are ridiculously concentrated and at all time highs too, the SP500 is really just tech bros holding up the market by selling chips and AI to each other – it won’t last.
Taking profits is never a mistake if you want to play the trading game. Gold just broke out of a long-term consolidation pattern. I think theres lots of room for gold to continue running up for at least another few weeks but if you’re just trying to invest and were holding gold to preserve wealth, then the new all time high is exactly what you are looking for and you should keep holding to diversify your portfolio.
ah being scared is perfect for markets i heard
Gold is gambling, if you’re up get out and get into broad market index funds, set and forget, don’t time the market.
Sell half.
Selling your winners and plowing the money into your losers is like cutting your flowers and watering your weeds.
I’m holding unless I really need to sell some for an emergency. The reason I started stacking is to be able to survive when I’m old and can no longer work. Who knows where social security will be when I reach retirement age and they keep upping the retirement age.
One of my sharp trading friends just opened a short on GDX but that’s the miners who don’t trade strictly the same as physical. His holding times are very short though.
I bought gold in 2000 and haven’t even looked at it in over 15 years. Too much of a pain to dig it out.
What’s telling you to sell? Gold has nothing to do with USA probably the opposite. I’d be saying that about stocks.
Let’s take a look at a few things:
1. They just printed 1.1 trillion in 2 months (debasement). Good for gold
2. Foreign central banks now own more gold than treasuries (good for gold, they don’t sell after just buying)
3. UK bond market gone, bailout coming. Good for gold.
4. Trump openly saying he who holds the gold make the rules. Good for gold.
5. Brics – they don’t trust each others fiat, they need backing and it will be gold. Good for gold
6. De-dollarisation – USA is done, they will print into atleast stagflation if not hyper inflation. Good for gold.
I could keep going but the reality is the debt markets look absolutely cooked and the USA is getting sidelined. Gold will be the reserve currency (central banks are buying record amounts, you follow the guys who issue the fiat it’s the easiest trade in history). At some point the USA defaults or hyper inflates currency. The latter seems possible as they aren’t going to stop spending. I did some rough maths 85 trillion by 2035 and that conservative and doesn’t account for a massive stimulus round if we go into deflation. It’s going to go deflationary shock into hyper inflation. Just keep the gold it’s got a floor now. Again central banks aren’t sellers. Also flight to bonds for safety is off (your seeing it right now in UK and the spike in gold silver), once this market rolls (could be 2 months could be 2 years) the run to gold is going to be so fast 10,000 per ounce is conservative. Also factor in as gold is going up now all the big funds have a fiduciary requirement to consider it. Most are holding sub 1% gold because no yield but if you can’t trust the bonds your buying (issuer hyper inflates currency) you have to buy gold. If allocation goes to even 5% (or maybe 10%) that wall of money is going to send gold so high.
Bottom line. Why would you sell gold right now?
I rebalanced from
100% stocks to 70% stocks and 30% bonds about a month ago for the same reason. I’m happy to take the profit. I am about to cross 40 so part of it is de risking. But honestly there are too many macroeconomic factors for me to feel completey comfortable. I’m willing to take a couple percent lower return on the bonds for a while and see myself through this turbulent period . If it all goes to hell I’ll have enough to cover my house and kids college
What are your thoughts on Gold being re-evaluated?
The stock market makes a new high 8% of the time
https://www.alger.com/Pages/OnTheMoney.aspx?pageLabel=AOM362#:~:text=Historically%2C%20the%20S
it still goes up after it makes a high. That’s how it keeps making new highs.
I don’t understand why people are scared of highs.