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Interesting week for gold...

Old 06-20-2019, 01:34 PM
  #21  
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If every investor had 5%!of their assets in physical gold, the price would be 10x higher. Get rid of the paper gold and the price would be much higher...stop the leasing of gold and the price would be way higher.

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Old 06-20-2019, 01:38 PM
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Does it have anything to do with all of the countries like China beefing up thier physical gold supply?
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Old 06-20-2019, 01:39 PM
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Originally Posted by Rjh1960 View Post
Does it have anything to do with all of the countries like China beefing up thier physical gold supply?
no cause other are dumping and Venezuela is getting theirs stolen lol
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Old 06-20-2019, 01:41 PM
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Originally Posted by schoolsout1 View Post
If every investor had 5%!of their assets in physical gold, the price would be 10x higher. Get rid of the paper gold and the price would be much higher...stop the leasing of gold and the price would be way higher.

Me thinks this is wishful thinking on your part.
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Old 06-20-2019, 01:46 PM
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Originally Posted by aubv View Post
Me thinks this is wishful thinking on your part.
not really

at several points in time, 500:1 paper to real metal is traded on the COMEX. The shanghai gold exchange is a physical market. If real metal was traded/held, price would be much higher.
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Old 06-20-2019, 01:51 PM
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Originally Posted by schoolsout1 View Post


not really

at several points in time, 500:1 paper to real metal is traded on the COMEX. The shanghai gold exchange is a physical market. If real metal was traded/held, price would be much higher.
but to what end? To make the price higher?
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Old 06-20-2019, 01:58 PM
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No. They have pitiful gold on hand and use paper to make it appear to be more available than it is. Just like many of the gold ETFs
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Old 06-20-2019, 02:21 PM
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Wish I had bought more when it was $420 or so per ounce. Back in like 2004 I bought a bunch of .1 ounce and .25 ounce eagles. They became my "toy fund." If I decided I couldn't live without a certain pistol or something and the wife disagreed I would just sell off what it took to buy what I wanted. Gold takes up less space in the safe, but is not as much fun to play with.

One of the great things about physical precious metals is when it comes to budgeting it does not show on your bank balance so I find it easier to hold on to. The not so great thing is the risk of buying high and potentially selling low.
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Old 06-20-2019, 02:52 PM
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Originally Posted by mcp1810 View Post

One of the great things about physical precious metals is when it comes to budgeting it does not show on your bank balance so I find it easier to hold on to. The not so great thing is the risk of buying high and potentially selling low.
physical gold is "outside the system," so to say
Nobody knows you have it (for the most part)

I've mentioned before that most here have no idea how their shares of stocks are held in their brokerage accounts (99% of the time). They are held in street name. Should a brokerage go under, it may take a long time for you to get possession of your shares due to the nature of holding it this way. In 2008/2009, several brokerages were on the brink of going BK (etrade was one, IIRC).

There is nothing safer than what you hold in your very own hands...
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Old 06-20-2019, 03:26 PM
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Originally Posted by aubv View Post



Does dusting all of those bars get old? .....
Unfortunately 3% of my assets doesn't even cover the cost of one gold Eagle.

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Old 06-20-2019, 06:54 PM
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$1400
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Old 06-21-2019, 09:37 AM
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Originally Posted by C3D View Post



But in a world where asset correlation unexpectedly occurred (think of the value of every asset plummeting in 2009 so cash became the only thing that held its value), precious metals should form an important — but small — part of every asset portfolio. If you have 3-5% of your net worth in Au/Ag/Pt that’s a good thing.
Exactly. It becomes an insurance position. It won't make you rich but you won't ever be the poorest guy on the block either.
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