Stock Market

[91Eunozs]

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:

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

 

[Bigfatcock]

I’m still buying physical gold. I can see $6,000-$10,000 per ounce in the next decade. Or it could go to $2,500. I win either way.

 

[BigTex]

Same. If you don't hold it, you don't own it.

 

[tightInThePants]

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

Did you get one of the Intaglio rounds? I like the portrait on the 1 oz better than the limited 2 oz.

 

[91Eunozs]

Did you get one of the Intaglio rounds? I like the portrait on the 1 oz better than the limited 2 oz.

The 1 ounce struck coin; non-colorized and not engraved per-se. This one:

https://www.moneymetals.com/charlie-kirk-the-fight-continues-struck-1-troy-ounce-999-pure/2446

 

[Pharmseller]

How did you lose money?

The value of my portfolio decreased.

I didn’t sell so technically I didn’t lose money, but my ability to borrow against it decreased.

 

[Bigfatcock]

The value of my portfolio decreased.

I didn’t sell so technically I didn’t lose money, but my ability to borrow against it decreased.

No shit.

Let me rephrase my question.

How did you lose money in this market?

 

[tightInThePants]

The 1 ounce struck coin; non-colorized and not engraved per-se. This one:

https://www.moneymetals.com/charlie-kirk-the-fight-continues-struck-1-troy-ounce-999-pure/2446

View attachment 8782431

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

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

limitedmintage.com

 

[Pharmseller]

No shit.

Let me rephrase my question.

How did you lose money in this market?

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.

 

[Bigfatcock]

A large position in PLTR, which declined sharply Friday.

Ahhhh.

 

[91Eunozs]

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:

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

 

[Bigfatcock]

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.

 

[Short-bus]

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.

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.

 

[Bigfatcock]

I started adding into Intel at $25 now that uncle sugar has a stake in it.

 

[91Eunozs]

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.

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!

 

[Bigfatcock]

Damn, I hope the market goes down another 20%.

I’m glad I trimmed half of my calls before today.

Just going to sit for a spell and see which way it decides to commit to.

 

[91Eunozs]

Up another 1% on my “zombie apocalypse” gold and silver funds today…

…and gold is slowing down, but still up: