Everyone is talking about Gold now, it is a sign for me to take profits on my Gold mining ETF! Well that and this chart:
Since I bought GDX - Gold Minders ETF on April 19 2021 it beat S&P500 and even QQQ! I liquidated half of my GDX position today...
I have some...my partner said last night, should we sell some? I'm like, fuck no, what sort of pirate sells his gold!
She wasn't impressed.
Well it depends on your goals for holding gold and if it is physical gold. Mine was gold miners and physical silver ETF. I am slowly scaling out of physical silver ETF and now out of gold miners ETF. I feel that these gold and silver ETFs are in the parabolic phase of the bull market and it is only a matter of time before they will have a severe correction and be dead money for a while. If gold is not in a speculative bubble right now I don't know what is:
I will take 4% in Money Market fund for now until I decide where to move it...
And I am scaling out of silver because of this:
It is much worse than gold long term performance wise and it tends to pop like in 1979 then drop and do nothing for over twenty years then another pop in 2010 then again dead money for a decade and now is another pop that is bigger than the previous two...
Looking good for you :)