Posted on 09/11/2012 8:29:15 PM PDT by dennisw
Better late than never I guess. And as they say on Zerohedge, “silver, bitchez”.
I’ll never understand.. the dollar is crashing or at least the rate of inflation is about to explode and people are willing to trade their gold for soon-to-be worthless dollars. It don’t make a lick of sense.. but I hear offers all day long on radio ads.
Hmmm. The “Bond King” who makes his living buying cheap bonds, says that people should sell bonds and buy gold. I wonder who will buy those bonds from them?
http://www.theaureport.com/pub/na/13278
Another good one for doom and gloomers and silver bugs and gold bugs
I always thought Connery was the Bond King.
I’m sure Bill was always buying gold. But he’s in the bond promotion and selling business so he never discusses it, it is bad for business. He is worth 1-2 billion and prolly has a lot in gold and bonds. Some stocks I suppose
Rothschilds = Buying Gold
Goldman Sachs= Buying Gold a month ago Duh
I have found this website to be a very useful source of information on the economy, gold, and silver.
http://goldismoney.info/forums/
I have found this website to be a very useful source of information on the economy, gold, and silver.
http://goldismoney.info/forums/
“...people are willing to trade their gold for soon-to-be worthless dollars. It don’t make a lick of sense.. but I hear offers all day long on radio ads.”
Sellers of gold rely upon their ability to buy gold and sell it for whatever markup they can generate. They can always get more gold. They are not hoarders of whatever they have in inventory, otherwise they would never be able to pay their rent. Nor are they bettors upon a linear, continuous price increase in spot gold. The margins they work on are tiny.
Beats me. However, I do know that Abe Froman is the Sausage King:)
LOL! I just got that.
Is an oil etf just as good?
So who should one buy gold from? Who is legitimate and who charges the least on commissions?
Gold is considered by many to be a currency-equivalent and a storehouse of value. Oil is neither. Oil is a commodity with a utility that varies with, among other things, economic activity. It is not better of worse than gold, just different: more like copper. The closest commodity to gold in the sense of being a currency-equivalent or storehouse of value, would be silver.
Finally, ETFs are a bad way to own anything, including gold: fees, commissions, bid-ask spreads, no security of title, etc. Depending upon the type of ETF, there are upwards of seven reasons to avoid an ETF. Buy the "underlying" asset or, if you desire leverage, use futures contracts and roll them as they come due.
Minimize commissions, bid-ask spreads, storage fees and insurance by purchasing 400-ounce London Good Delivery bars from one of the seven storage members of the LBMA. The bank that can provide all these services (brokerage, storage, insurance, etc.) is HSBC.
That’s just Gross!
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