posted on 03/10/2013 9:40:58 AM PDT
To: Jet Jaguar; jiggyboy
posted on 03/10/2013 9:45:25 AM PDT
No economist am I but previously in investing these types of articles are published just as a major broker is getting a huge sell order and needs to place it.
If I were a buyer of Gold, I’d insist on NOTHING but physical possession of it. Buying the so called ‘paper’ would be unthinkable to me. If security of my physical possession is a concern, that’s what safes are for. One can always rent a ‘deposit box’ at the bank as well, but I’d prefer a nice big(at least 1,000lbs) fire-rated safe, bolted to my basement floor to store things in.
posted on 03/10/2013 10:01:29 AM PDT
(Department of Homeland Security, Certified - "Right Wing Extremist")
That's the reason all currency, money relegated to having value but has none is known as fiat money
, to mean it has no intrinsic value, its value simply by government fiat, government proclamation, the government simply saying so.
(It has nothing to do with the Italian automobile manufacturer, FIAT, which many say due to its poor workmanship is an acronym for, Fix It Again, Tony .)
posted on 03/10/2013 10:07:12 AM PDT
(BHO:"Now, I am become Death, the destroyer of worlds by way Oppenheiner at Trinity NM)
and when the government then demands that you turn in all your gold to them and makes it illegal to own gold (this was done before)... what are you going to do then?
face it... when the end comes... there is no way to escape and no right answer.
posted on 03/10/2013 10:08:23 AM PDT
(Obama lied .. the economy died.)
Under normal circumstances, a $1,800 spot gold price would mean U.S. Gold Eagles around $1,890 a 5% premium.
Why would anyone pay the spot price for 1oz of pure gold (99.99%) for a 1oz coin coin that is only 91.6% gold?
posted on 03/10/2013 12:02:59 PM PDT
To: chuckles; Diana in Wisconsin; Boogieman; BipolarBob; yldstrk; nodakkid; Aquamarine; BenLurkin; ...
posted on 03/10/2013 12:51:35 PM PDT
(too much of a good thing is a bad thing --- Joe Pine)
To: jiggyboy; PA Engineer; blam; TigerLikesRooster; Cheap_Hessian; CJinVA; Jet Jaguar; ...
Looks like some folks want more of that gold money in stocks and bonds for now.
posted on 03/10/2013 1:33:36 PM PDT
(We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
I guess we are finding out how the whole idea for the 12 trillion dollar Platinum coin which washes away or backs all of our National Debt came from.
They have been doing pretty much the same thing with gold for the last decade or so.
posted on 03/11/2013 12:24:47 PM PDT
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