If you’re long the dollar you’re eating dirt, if you’re long gold like the “cool kids” are, you’re banking coin.
Gold, hit a new record high ~ $1041 an Oz. This is great news for miners and anyone related to the industry. Why is it climbing you ask? Just go read “JakeGint’s” postings, the guy has been pushing precious metals forever and being the clever, regal character that I am, I listened. On that note, thank you Jake, rising fictitious stein filled from a green imported bottle. On a side note, I remember when gold was 250 an oz in University… I digress.
Looking through my portfolio I realize that I did buy some stocks near the recent bottom, not on the day of the bottom but the trading session before as seen in the comments here.
I sold the majority of my precious metals on the first rip gold had a few weeks ago. Took most egregious profits and have been buying it back since, at a lower price of course.
I now hold 60% of my original ELD.TO(avg ~$11.70) position, sadly just slightly lower than what I sold out previously.
I own a decent position in YRI.TO(avg, $11.25) and bought some EDR.TO(avg, $2.76) recently.
For you yanks, that’s EGO, AUY and EXK.
I’m deciding whether I should just sell a bunch now, frankly I don’t work anymore and am touring the world so I’m more inclined to take profits when I can, flip side is do I really need more money sitting in my account earning nothing as the gov has effectively castrated the few, the proud, the savers!?!?!
Oh decisions, but enough of this, I’m off to go play some golf.
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On a side note, I remember when gold was 250 an oz in University… I digress.
2001 — I was buying physical at $270 and RGLD at under $4.
Unfortunately, I sold a ton at $9 and $10.
Won’t be making that mistake again…
Is this Dubz, then??
yes, this is dubz.