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Posted: 12/7/2022 1:12:27 PM EDT
[#1]
Quoted: Cashed out my 401k. 17k. Bought gold etf's with it. I'm hoping this was a good decision. Took me a long time to get that much money. Maybe I should have gone 50/50 gold/silver? You're "hoping this was a good decision"? |
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Posted: 12/7/2022 1:13:22 PM EDT
[#2]
What specifically do you mean by “gold etfs”. Spell them out.
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Posted: 12/7/2022 1:13:25 PM EDT
[#3]
The trick is to make this move when stocks are down and gold is up.
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Posted: 12/7/2022 1:14:20 PM EDT
[#4]
When gold hits $5000 try cashing them out for bullion.
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Posted: 12/7/2022 1:16:40 PM EDT
[#5]
The good news is you don’t have much to lose.
The bad news is that 17K in an index fund will more than double in 7-years |
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Posted: 12/7/2022 1:16:50 PM EDT
[#6]
What is ETF? Is that like a piece of paper that says you own gold?
Serious question? At today's spot value 17,000 would be 9.5 tr oz, would rather have the metal |
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Posted: 12/7/2022 1:18:21 PM EDT
[#7]
Lol.
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Posted: 12/7/2022 1:20:08 PM EDT
[#8]
You don't have enough money to think about moving to gold TBH
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Posted: 12/7/2022 1:21:29 PM EDT
[#9]
If in 1990 you invested $17k in Gold, today it would be worth about $78,000
If in 1990 you invested $17k in a DJIA fund, today in would be worth about $212,579 |
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Posted: 12/7/2022 1:31:45 PM EDT
[#10]
Quote HistoryQuoted: You're "hoping this was a good decision"? Checks historical performance of gold… OP, I have some fairly bad news for you… Fortunately, you’re not talking about a very large sum. 
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Posted: 12/7/2022 1:33:23 PM EDT
[#11]
Quote HistoryQuoted: If in 1990 you invested $17k in Gold, today it would be worth about $78,000 If in 1990 you invested $17k in a DJIA fund, today in would be worth about $212,579 Yeah well I can't hold physical DJIA Fund in my hand! |
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Posted: 12/7/2022 1:34:44 PM EDT
[#12]
Trolling...
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Posted: 12/7/2022 1:35:21 PM EDT
[#13]
Quote HistoryQuoted: If in 1990 you invested $17k in Gold, today it would be worth about $78,000 If in 1990 you invested $17k in a DJIA fund, today in would be worth about $212,579  Attached File |
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Posted: 12/7/2022 1:35:39 PM EDT
[#14]
LoL
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Posted: 12/7/2022 1:35:53 PM EDT
[#15]
BASED. You know the difference between CURRENCY and MONEY. nothing backs the dollar, your gold will make you rich when the dollar collapses.
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Posted: 12/7/2022 1:35:57 PM EDT
[#16]
Quoted: Cashed out my 401k. 17k. Bought gold etf's with it. I'm hoping this was a good decision. Took me a long time to get that much money. Maybe I should have gone 50/50 gold/silver? Gold has underperformed stocks and bonds for the last 100 years... Why would you do this? |
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Posted: 12/7/2022 1:37:12 PM EDT
[#17]
Quote HistoryQuoted: Gold has underperformed stocks and bonds for the last 100 years... Why would you do this? Quote HistoryQuoted: Quoted: Cashed out my 401k. 17k. Bought gold etf's with it. I'm hoping this was a good decision. Took me a long time to get that much money. Maybe I should have gone 50/50 gold/silver? Gold has underperformed stocks and bonds for the last 100 years... Why would you do this? It's a new paradigm bro |
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Posted: 12/7/2022 1:38:44 PM EDT
[#18]
I wondered why gold was up today.
Now I know. |
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Posted: 12/7/2022 1:39:03 PM EDT
[#19]
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Posted: 12/7/2022 1:39:06 PM EDT
[#20]
Cashed out as in took a penalty to remove money from your 401k? To buy paper gold? I hope this is a joke post.
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Posted: 12/7/2022 1:40:06 PM EDT
[#21]
If you're under 25 with less than $20k in a 401k you're not making good choices to begin with, so go take a big guess.
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Posted: 12/7/2022 1:40:31 PM EDT
[#22]
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Posted: 12/7/2022 1:41:04 PM EDT
[#23]
You bought a piece of paper at today's spot price??
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Posted: 12/7/2022 1:41:41 PM EDT
[#24]
Quote HistoryQuoted: BASED. You know the difference between CURRENCY and MONEY. nothing backs the dollar, your gold will make you rich when the dollar collapses. Dollar collapses and his gold ETF is worth zero, because the bank and trading platforms that allowed him to buy the ETF are collapsed. |
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Posted: 12/7/2022 1:41:59 PM EDT
[#25]
Quote HistoryQuoted: Yeah well I can't hold physical DJIA Fund in my hand! True, but you could have bought $78,000 today in gold to hold in your hand and still have $134,000 in your 401k.......
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Posted: 12/7/2022 1:42:02 PM EDT
[#26]
Doesn't count unless you have pre-33 gold coins buried in your back yard.
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Posted: 12/7/2022 1:42:08 PM EDT
[#27]
Quote HistoryQuoted: BASED. You know the difference between CURRENCY and MONEY. nothing backs the dollar, your gold will make you rich when the dollar collapses. Screen name checks out |
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Posted: 12/7/2022 1:42:43 PM EDT
[#28]
OP WHY DID YOU BUY A PAPER PROMISE?
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Posted: 12/7/2022 1:42:54 PM EDT
[#29]
Not sure if parody thread or genuinely bad decision
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Posted: 12/7/2022 1:43:16 PM EDT
[#30]
OP
Hope is a poor investment method. Making 100% bets on any one asset is risky as hell. Good luck, because you will need it. |
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Posted: 12/7/2022 1:45:15 PM EDT
[#31]
Quote HistoryQuoted: Screen name checks out Noooooooo I read it in basically all the silver threads. |
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Posted: 12/7/2022 1:45:52 PM EDT
[#32]
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Posted: 12/7/2022 1:45:58 PM EDT
[#33]
Good luck.
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Posted: 12/7/2022 1:46:17 PM EDT
[#34]
Quoted: Maybe I should have gone 50/50 gold/silver? Silver has been out performing gold today. Could go 100% silver. I actually did trade SLV last week. |
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Posted: 12/7/2022 1:47:20 PM EDT
[#35]
Quote HistoryQuoted: When gold hits $5000 try cashing them out for bullion. If it’s not bullion or coins , seems like a bad idea |
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Posted: 12/7/2022 1:47:32 PM EDT
[#36]
Quote HistoryQuoted: You're "hoping this was a good decision"? Quote HistoryQuoted: Quoted: Cashed out my 401k. 17k. Bought gold etf's with it. I'm hoping this was a good decision. Took me a long time to get that much money. Maybe I should have gone 50/50 gold/silver? You're "hoping this was a good decision"? FPNI I wonder how many thousands of people have thought this was a good idea over the last 50 years... |
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Posted: 12/7/2022 1:48:04 PM EDT
[#37]
I thought half the fun for you precious metals guys is having the stuff in your hands, spreading it out to adore it, and rolling around with it on the bed like Scrooge McDuck.
Shares in a gold fund doesn't sound like much fun at all. |
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Posted: 12/7/2022 1:49:05 PM EDT
[#38]
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Posted: 12/7/2022 1:49:39 PM EDT
[#39]
Gold shouldn't be looked at as an investment, in my opinion. It performs horribly compared to most other options.
You'd have been much better off leaving it in your 401K and moving it all to the S&P500 instead of whatever super conservative funds it was in by default. |
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Posted: 12/7/2022 1:51:42 PM EDT
[#40]
Quote HistoryQuoted: I thought half the fun for you precious metals guys is having the stuff in your hands, spreading it out to adore it, and rolling around with it on the bed like Scrooge McDuck. Shares in a gold fund doesn't sound like much fun at all. I had more fun trading iron condors. Though I don’t understand why they call them iron condors if they are actually silver. |
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Posted: 12/7/2022 1:52:55 PM EDT
[#41]
OP should've went to Rosland
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Posted: 12/7/2022 1:54:02 PM EDT
[#42]
Can't be real.
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Posted: 12/7/2022 1:56:15 PM EDT
[#43]
Quote HistoryQuoted: If in 1990 you invested $17k in Gold, today it would be worth about $78,000 If in 1990 you invested $17k in a DJIA fund, today in would be worth about $212,579  Attached File |
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Posted: 12/7/2022 1:58:44 PM EDT
[#44]
Gold is about 500x oversold on paper.
Unless you took possession, you may never see it. And you'll lose money in any recovery. Never get out of the market. This was a terrible decision. If you're looking to get rid of any more money, let me know and I'll PM you my address. |
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Posted: 12/7/2022 1:59:03 PM EDT
[#45]
Quoted: Cashed out my 401k. 17k. Bought gold etf's with it.  |
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Posted: 12/7/2022 2:02:19 PM EDT
[#46]
IOUs are better than the real thing. Right, OP?
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Posted: 12/7/2022 2:04:37 PM EDT
[#47]
Quote HistoryQuoted: Trolling... ‘Course he is. But the weirdest part, is how he chose $17,000. “Wherever mindless trolling meets hopeless poverty, you will find OP”. |
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Posted: 12/7/2022 2:05:52 PM EDT
[#48]
In for the disappointment
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Posted: 12/7/2022 2:05:56 PM EDT
[#49]
Should have bought 17K in physical Gold such as coins or bullion
It's pretty to look at |
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Posted: 12/7/2022 2:08:20 PM EDT
[#50]
OP is rich and trolling. He has at least 17K in computer hardware.
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