Gold ( PMs ) vs. FTSE 100

[Pete]

Over the last 3 years it is very interesting to compare the growth chart of big gold mining companies ( red ) versus the good old FTSE100 ( blue ). Anyone who is intent on building up their nest-egg based on only PMs might wish to diversify. So many of you young stackers in the last few years seem to be hooked on the shiny metal - but don't fall in love with it if you are going to count on it later. Us oldtimers, most likely have built up some other assets, maybe a house, maybe a decent pension pot so we can afford to risk a flutter on PMs but we have something to fall back on. Of course many of you will look at the 60% fall in value in such a short timeframe and think the tide will turn and rapidly reverse this, making big gains - who can tell ? Enjoy stacking, but if counting on this for survival later then make sure you have something else on the stove cooking.

 

 

 

 

[garthy]

I sold my mining stocks last week, fresnillo and hochschild mining, i will get back in at some point as I feel there's a good chance the red and blue lines on that chart will at some point cross over, just need to get the timing right.

[Ares]

Very much so, right now most of my money is in PMs but that's mainly down to not having a whole lot of money & not much else to spend it on. Got a pay check coming in and the majority of that is probably finding it's way into a savings account. It'll be spent on rent or some such after a year anyway.

[II DALTON II]

I'm looking into good dividend paying stocks right now. I know the markets are at highs but I'm sure it won't matter too much in 30+ years time when I cash out. I'm building a fund in which I just throw X amount of cash into it every quarter and over time let it build up and compound.