Stock Market

#5,451
Pretty sad when the paper gold backstops I have in my 401K are outperforming my mutual funds… Gold’s getting damn close to $4K per ounce:

IMG_2168.jpeg


And yes, I know it’s not that gold is getting more valuable, it’s the dollar sliding faster.

I got in another good sized purchase of physical silver (all walking liberty silver dollars this time, plus one Charlie Kirk memorial coin) a couple weeks ago, but now I’m really wishing I’d thrown in another ounce or two of gold too! LoL
 
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#5,454
91Eunozs said:
I got in another good sized purchase of physical silver (all walking liberty silver dollars this time, plus one Charlie Kirk memorial coin) a couple weeks ago, but now I’m really wishing I’d thrown in another ounce or two of gold too! LoL
Click to expand...
Did you get one of the Intaglio rounds? I like the portrait on the 1 oz better than the limited 2 oz.
 
#5,458
91Eunozs said:
The 1 ounce struck coin; non-colorized and not engraved per-se. This one:


View attachment 8782431
Click to expand...
Nice looking coin!

There were the ones I was talking about, if anyone would be interested. They have a bunch of right leaning rounds.

CHARLIE KIRK MEMORIAL – 1 TROY OUNCE – 39MM – Limited Mintage

limitedmintage.com limitedmintage.com

CHARLIE KIRK MEMORIAL – TWO TROY OUNCES – .999 FINE SILVER – TOTAL MINTAGE: 500 – Limited Mintage

limitedmintage.com limitedmintage.com
 
#5,459
Bigfatcock said:
No shit.

Let me rephrase my question.

How did you lose money in this market?
Click to expand...


A large position in PLTR, which declined sharply Friday. I’m still waaaaay up, just not as much.

And no shit, some people are sticklers for technical accuracy. When I said I lost money, that was technically wrong. So I amended my statement for accuracy.
 
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#5,461
OK, I’m officially getting nervous now… I’m up almost 2% today with my physical gold and silver shares (paper gold/silver) leading the way:

IMG_2179.jpeg


I’ve officially more than doubled my investment in these positions now and my gut’s telling me to sell and just park it in a mutual fund somewhere but man, it’s hard to convince myself to jump off this train!

I’m also that guy who bought Amazon at the IPO, and sold when I doubled my money… Dumbass. Is this another chance at the ring? LoL
 
#5,462
I’m still buying physical gold. That was my one big wrong call this year. When it hit $2,500 per ounce I figured it would cut back to $2,000 and hold around that area. I had brief confirmation of that on the day Trump was sworn in and it dropped to $2,250 per ounce. I started buying again when it hit $2,700 per ounce.

My move now is to switch to fractionals because they’ll be easier to liquidate if need be in the future at most places.

My prediction is for gold to be somewhere between $6,000-$10,000 per ounce in the next decade.

If it drops back to $2,500 then I’ll just baghold and enjoy the new found purchasing power of the Dollar.
 
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#5,463
Pharmseller said:
A large position in PLTR, which declined sharply Friday. I’m still waaaaay up, just not as much.

And no shit, some people are sticklers for technical accuracy. When I said I lost money, that was technically wrong. So I amended my statement for accuracy.
Click to expand...
PLTR back up to $183 today...it's been a roller coaster. There was some news last week that reported there was a problem with the PLTR drones or something along those lines, but Palentir reported that the issue was from a while back, and it was already resolved, the stock price recovered Monday partially, and it's almost back to the $187 price today.

One of my plays I call "my shitty little penny stock" is up 64% today, which gives me a 115% total gain. I have a grand total of $654 in it, and I decided i'm going to ride this bull for all she's worth, and maybe...just perhaps, unlikely, but perhaps, it'll go full microsoft one day, and i'll be a hundred thousandaire. OR....it'll go to $2 by May next year and pay for my daughters last year of college. Fingers crossed for either really.

Good luck to everyone in the markets. May all your picks be winners, and and your investment accounts be fruitful.
 
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#5,465
Bigfatcock said:
I’m still buying physical gold. That was my one big wrong call this year. When it hit $2,500 per ounce I figured it would cut back to $2,000 and hold around that area. I had brief confirmation of that on the day Trump was sworn in and it dropped to $2,250 per ounce. I started buying again when it hit $2,700 per ounce.

My move now is to switch to fractionals because they’ll be easier to liquidate if need be in the future at most places.

My prediction is for gold to be somewhere between $6,000-$10,000 per ounce in the next decade.

If it drops back to $2,500 then I’ll just baghold and enjoy the new found purchasing power of the Dollar.
Click to expand...
Concur.

Back before I retired the second time (read: back when I had a paycheck! LoL), I tried to buy a tube of silver dollars, and 1 ounce of gold every month. Wish I’d done more…

Now buying 1 gram ”bars” of gold, and still buying silver dollars too but usually only a few at a time since I’m now on a semi-fixed income. Bought another tube of 20 a couple weeks ago, and feel pretty good about it even though I paid more than twice what I was paying just a few years ago.

Most of my silver was bought at $16 - $20 per ounce; I bought a bunch when it was selling for less than the production cost back around 2013. Again, wish I’d bought more.

I think you’re correct on the top, and it may go even higher than that. But it’s not that the gold or silver is worth more, the dollar’s simply sliding in value very quickly now.

Hold onto your socks, it’s gonna be a wild ride!

————-

EDIT: Fuck it… Just pulled $ from the money market account tied to my 401K and bumped my Sprott Gold holdings by another 5%. 😱😱

Also bought another sleeve of silver dollars and a couple grams of gold from Money Metals. Fuck me, I’m too easily influenced by current events…even if I’m the one ‘reporting’ those events! LoL

Funniest part of this though is since the purchase has a secondary authentication that goes to my wife’s cell phone (I rarely carry mine now), her response when she sent me the verification code was “If you’re gonna buy gold and silver, you need to slow down on ammo purchases this month…or maybe buy more.” Love that gal! 😝
 
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#5,468
Well, Gold’s now over $4200 per ounce, and silver’s over $55 per ounce… Holy shit.

That 5% bump I did a week or so ago in my Sprott gold and silver positions is paying off bigly:

IMG_2271.jpeg


This is scary stuff TBH.

A couple buddies who are a lot smarter than me at this stuff are saying that silver is very under valued vs. its normal/historical valuation against gold. They’re telling me they won’t be surprised if silver hits $100 per ounce by early next year.

Don’t know if that’s gonna happen, but sure glad I bought more earlier this year!

—————
Edit: Whenever we see big spikes in the price of gold, we normally also see an even bigger jump in silver; that hasn’t happened yet on the current gold run:

IMG_2274.jpeg
 
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#5,469
We started out my youngest son in the market after many conversations he had with me about which Airsoft he should buy, or should he get an eScooter with his birthday money. I explained opportunity costs with the silly toys, and that my current self would have told my 10yr-old self to invest all the birthday money instead.

“Investments? What’s that....?” I gave him a crash course in the market and he said, “Why hasn’t anyone told me about this before?"

My wife opened up a trading account for him and put all his birthday money into the Democrat Congressional Whales corruption insider trading index ETF, NANC.

Last I checked, it’s total value was up 71% since Feb 2023. Now it’s up 83.17%. The only problem is for day traders who want to short or make put strategies. The Congressrats aren’t required to report their earnings for 45 days, so you aren’t getting real-time insider info, but the ETF is diversified across multiple industries.

There’s one for Republicans too called GOP, last I checked they were 41% total market gain since Feb 2023, now they’re up 45.67% as of this hour/today.

He’s going to learn about politicians in a totally different way, LOL. It doesn’t get more realpolitik than that.
 
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#5,470
How do you think Congressmen communicate hot info with their brokers?

I wonder if it’s ETE encrypted text, which means NSA and big tech watches them in real-time. They do stupid things all the time because they know they have stay-out-of-jail-free cards, as long as they stay loyal to the club.

Remember when Mike Pompeo was making a big stink about having access to ETE with the tech giants, then went silent and stopped asking about the issue?

And the recent revelations that Congressional Dems were spying on Republicans’ cell and email communications using the Intel Community?
 
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#5,472
My brokerage holdings. (in descending value)

SPY (S&P 500, everybody should have this)
TSLA (high PE, but it just goes up, don't really have an exit plan, my bad)
AAPL (status symbol, keep buying those phones kids) I'm on Android FWIW
AMZN
NVDA
FBTC (buying this was a mistake, but only 2%)

The PM ride (Au and Ag) has been exceptional as of late, but I liquidated a chunk of this over the last 6 weeks to be mortgage free.
 
#5,473
hollowoutadime said:
My brokerage holdings. (in descending value)

SPY (S&P 500, everybody should have this)
TSLA (high PE, but it just goes up, don't really have an exit plan, my bad)
AAPL (status symbol, keep buying those phones kids) I'm on Android FWIW
AMZN
NVDA
FBTC (buying this was a mistake, but only 2%)

The PM ride (Au and Ag) has been exceptional as of late, but I liquidated a chunk of this over the last 6 weeks to be mortgage free.
Click to expand...
Nice job on the mortgage! 😎

I feel the same way about AAPL. We're Android users but if people want to pay the Apple tax, I'll take some of those gains and dividends 🤣

AMZN is struggling this year but has been good in the past.
 
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