PMGOLD - Perth Mint Gold ETF

[Dona Ferentes]

At this rate it won't be long before PMGOLD hits $60.

like, this morning??

 

[Garpal Gumnut]

like, this morning??

View attachment 210544

My thoughts exactly.

gg

 

[Casper18]

PMGOLD's unit price is now comfortably above $60 and probably will go even higher. But with the amount of public interest and media hype about gold lately, I am hesitant to add more to my holdings right now. It would've been nice to have bought more earlier, but oh well, that's the benefit of hindsight.

 

[finicky]

. It would've been nice to have bought more earlier, but oh well, that's the benefit of hindsight.

@Casper18, If you're a noob to gold you won't want to consider complicated strategies with options or whatever and I can't do them anyway. Owning any gold at all puts you in a minority. But you sound a bit wistful so I came up with a few scenarios you might consider:

• Buy gold at an all time high, but set a stop-loss.
• Buy Gold at an all time high and hold whatever happens, believing you'll be rewarded with a few years of patience. See Northstar chart for one outlook.
• Wait for a significant or even severe pullback and buy gold. Be prepared to miss out if it doesn't happen, there are other things: golf, drugs, SeanK goes scuba diving in Indonesia - pointless.
• Don't buy Gold directly at all. Wait for a correction in gold miners or developers and buy them for leveraged but risky exposure to gold. Maybe an etf like GDX* if you don't follow miners?

A no fee complimentary glimpse into my amazing mind.

GDX has outperformed PMGOLD over a 1 year timespan
Orange line is GDX

 

[Sean K]

@Casper18, If you're a noob to gold you won't want to consider complicated strategies with options or whatever and I can't do them anyway. Owning any gold at all puts you in a minority. But you sound a bit wistful so I came up with a few scenarios you might consider:

• Buy gold at an all time high, but set a stop-loss.
• Buy Gold at an all time high and hold whatever happens, believing you'll be rewarded with a few years of patience. See Northstar chart for one outlook.
• Wait for a significant or even severe pullback and buy gold. Be prepared to miss out if it doesn't happen, there are other things: golf, drugs, SeanK goes scuba diving in Indonesia - pointless.
• Don't buy Gold directly at all. Wait for a correction in gold miners or developers and buy them for leveraged but risky exposure to gold. Maybe an etf like GDX* if you don't follow miners?

A no fee complimentary glimpse into my amazing mind.

View attachment 210688

GDX has outperformed PMGOLD over a 1 year timespan
Orange line is GDX

View attachment 210690

Did you use ChatGPT to produce that post?

 

[Dona Ferentes]

Did you use ChatGPT to produce that post?

we're so lucky to have such an amazing mind to grace ASF

 

[finicky]

Sean is unwittingly acknowledging that I'm as intelligent as A.I.