by Recyclersteve » Wed Aug 14, 2024 4:26 am
I don’t feel that sorry for someone gullible enough to give others gold to store. And I speak as someone who had about $186k in coins stolen from a storage locker in 2019.
Also, one company that could potentially benefit from this is A-Mark Precious Metals, as their company is publicly traded under the symbol AMRK. I’ve traded it many times over the past several years and made pretty good $. You do have to be patient, however, as it will do nothing for, say, 6-9 months or so before making a move back up.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.