- Nov 12, 2017
- 1,602
- 3,947
As a "older" millennial, I have largely been investing in broad index funds in the stock market, real estate and more recently crypto currency. I have a decent amount of cash left inside a roth IRA and I have physical gold / physical silver available for purchase at my broker.
I was always thinking of putting a small amount of my portfolio into precious metals, gold and silver. Their prices seem to have come down some.
I am looking at Silver, its ATH was nearly $50 in the 70s and now it is trading for half that amount. Wtf. That is horrific taking into account inflation. Gold does not seem to be a whole lot better.
I would like to have them as a hedge against a market selloff and inflation, but Silver has been horrific against inflation, and Gold is not a whole lot better. What am I missing here?
Don't need financial advice. Just need a boomer to explain the bullish case for precious metals. The minimum return I should expect from any investment is at the very least keep up with inflation.
I was always thinking of putting a small amount of my portfolio into precious metals, gold and silver. Their prices seem to have come down some.
I am looking at Silver, its ATH was nearly $50 in the 70s and now it is trading for half that amount. Wtf. That is horrific taking into account inflation. Gold does not seem to be a whole lot better.
I would like to have them as a hedge against a market selloff and inflation, but Silver has been horrific against inflation, and Gold is not a whole lot better. What am I missing here?
Don't need financial advice. Just need a boomer to explain the bullish case for precious metals. The minimum return I should expect from any investment is at the very least keep up with inflation.
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