I'm not a goldbug herbie, but I do own a large number of silver coins, silver objects, some gold coins, and gold objects so I can hold up my hand as a vested interest in gold, except that I do better as gold crashes rather than out of an increase in gold.
It's a beautiful metal. I may consider selling it now.
Any expressed market opinion is my own and is not to be taken as financial advice
I'm not a goldbug herbie, but I do own a large number of silver coins, silver objects, some gold coins, and gold objects so I can hold up my hand as a vested interest in gold, except that I do better as gold crashes rather than out of an increase in gold.
It's a beautiful metal. I may consider selling it now.
I am in the same boat. If there is a flight to safety in UST's, I do very well but my gold suffers a bit.
Gold is something you buy and try to forget about for ten years or so. I don't watch the gold price daily like I would watch a stock. If I wanted to day trade gold I would buy gld but it is too complex and shady a market to fully understand. When I buy shares I buy into sectors and companies that I know something about.
I don't buy coins because they have a hefty premium attached although they are much more pleasing to the eye than 10oz cast bullion bars.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
Its just a metal Peter Sells for more than some but just a metal none the less.
Not really of any use for anything practical or useful, not like say 6061 t6 ally or Core-ten. All its really good for is shiny baubles and vanity.
Gossamer
11 Sep 2014, 10:46 PM
Peter is a person who clearly enjoys watching other people suffer financial ruin.
Fools and their money and all that Maybe if the goldbuggerers actually did something productive instead of speculating on a near useless metal and then make out that they are some sort of financial wizards when really all it is is fear and sheep.
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
I am in the same boat. If there is a flight to safety in UST's, I do very well but my gold suffers a bit.
Gold is something you buy and try to forget about for ten years or so. I don't watch the gold price daily like I would watch a stock. If I wanted to day trade gold I would buy gld but it is too complex and shady a market to fully understand. When I buy shares I buy into sectors and companies that I know something about.
I don't buy coins because they have a hefty premium attached although they are much more pleasing to the eye than 10oz cast bullion bars.
I was a coin collector, so my collection goes back some decades. Not just silver and gold but lots of copper as well, mostly early Australian coins. Never did buy a 1930 penny but I had the chance at a good price - I shoulda but didn't.
How long does one carry this stuff around for before getting rid of it? Can't take it with you, it weighs a ton.
Any expressed market opinion is my own and is not to be taken as financial advice
Its just a metal Peter Sells for more than some but just a metal none the less.
Not really of any use for anything practical or useful, not like say 6061 t6 ally or Core-ten. All its really good for is shiny baubles and vanity. Fools and their money and all that Maybe if the goldbuggerers actually did something productive instead of speculating on a near useless metal and then make out that they are some sort of financial wizards when really all it is is fear and sheep.
Frank,
Every government treasury on the planet holds Gold.
Rich people love the stuff (sign of wealth and all that).
We wouldn't be able to go into space without it.
Maybe one day, you might have enough left over cash to be able to afford some for yourself.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
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