4 ms·
I was thinking of buying some gold mining company or gold ETF shares a while ago. Still time for the ETF buy I suppose, but maybe wait for a dip before buying t
by sawaruna 6y ago
I was thinking of buying some gold mining company or gold ETF shares a while ago. Still time for the ETF buy I suppose, but maybe wait for a dip before buying the former.
- Kenji 6y agoDon't buy when it's high! You're way too late now.
- rapsey 6y ago> but maybe wait for a dip before buying the former. No real dips for the last 60 days. There might be one that goes below current level in the near future but there also might not be.
- perfunctory 6y ago> There might be one that goes below current level in the near future but there also might not be. Insightful.
- Humphrey 6y agoOr just buy the real thing? The problem is since we can't know the future, it's hard to tell if it's a dip or not. I've bought a small amount in the past year by deciding on a price that I'll buy at if it drops below that. It worked out for me, buy it could have equally not dropped or plunged. #prettyMuchGambling
- johnyzee 6y agoThe real thing is the best thing, but typically you lose about 10% in transaction costs (dealers have around 5% spread on both the buy and the sell). You can decrease that somewhat with larger transactions, but you'll take a pretty big hit upfront.
- Humphrey 6y agoAbsolutely! Although I've been getting closer to 2-3% for gold. Silver though has a much larger spread, the price has to increase significantly to not loose money.