Adjusting My Gold Buying Strategy

4 months ago

The biggest downside to weak and chaotic financial markets is that makes other assets more appealing. The go-to for most is either US Treasury bonds or gold. Considering how inept the current administration is, it's no surprise that most have flocked to gold

As people flock to gold, the price climbs rapidly. While that's great because the gold I have has significantly appreciated in value, it's bad because I can't buy as much as I did. Sadly, my metals budget did not keep in step with the increase in gold price.

(Created with Bing)

Before the huge increase in gold, I was buying about 1/10oz per month. With spot price now at just under $2400/oz, I'll have to reduce that. I'm guessing I'll probably end up buying a 2-2.5 gram bar each month instead. While I'm not happy with having to reduce how much gold I buy, sacrifices have to be made. I'm sure once things calm down, the price of gold will come back down. Until then, I keep buying what I can, when I can.

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17 comments

@bulliontools 71

4 months ago

!hiqvote

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@bitcoinman 75

4 months ago

!hiqvote !PIMP

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@hiq.smartbot 56

4 months ago

@bitcoinman, the HiQ Smart Bot has recognized your request (3/4) but the mana is too low. Try again later.

As a consolation, @bitcoinman gets !PIZZA from @hiq.redaktion.

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@thepimpdistrict 61

4 months ago

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@hiq.smartbot 56

4 months ago

@bulliontools, the HiQ Smart Bot has recognized your request (1/3) and will start the voting trail.

In addition, @bulliontools gets !PIZZA from @hiq.redaktion.

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@pizzabot 59

4 months ago

PIZZA!

$PIZZA slices delivered:
@hiq.smartbot_(2/5) tipped @bulliontools

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@ssg-community 69

4 months ago

You received an upvote of 89% from Precious the Silver Mermaid!

Thank you for contributing more great content to the #SilverGoldStackers tag.
You have created a Precious Gem!

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@kerrislravenhill 73

4 months ago

I've stepped up on my gold stacking beginning almost two years ago. My preferred gold/silver ratio is way too far to silver. Gold is always steady and reliable versus silvers potential, darn I must be feeling old.

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@pocketechange 71

4 months ago (Edited)

If I decide to buy Gold Bars or Rounds, I'll be paying $90 per Ounce in Gold Coins...

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@bozz 81

4 months ago

I guess buying some gold is probably still better than buying no gold!

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@bitcoinflood 80

4 months ago

Think of it this way for the same amount of money you can now stack MORE gold or silver

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@hivebuzz 74

4 months ago

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