GOLD

[Bob Fechter]

Looks like gold is getting a bounce today (dead cat?).

Did you know that Germany, third largest holder of physical gold in the world, put their gold in the USA during the cold war in case they were invaded?

Did you know they want it back and the US said they can have it in seven years?

What does that mean?

If you're a "gold bug," do you have physical or paper gold?

 

[John Milmont]

I have never really given gold any serious thought. But with the little I know about it, it never seemed like a good investment. Owning physical gold seems bad because of the minting, certification, the way its taxed, and storage fees. We have also seen big jumps in gold prices, something that gold was not supposed to do. Its fallen from about $1800 to $1200 in the past year... If you bought at $1800 an oz, you are pretty much screwed now... plus all of the fees... sheesh!

I think if the situation rises where gold explodes to thousands of dollars an oz, (think $5000+?) conditions will be so bad it probably wont matter...

 

[Bob Fechter]

Another piece to the puzzle;

Gold rush 2013 style has Dubai scrambling - The National

There's a company called Sandstorm, ticker SAND, that bought over 54,000 of its shares back at the end oft rading yesterday. Coincides with the bump up today, thoughts?

 

[Mark]

At least your governments didn't sell all your reserves EXACTLY as the price tanked!

 

[Ian Anderson]

At least your governments didn't sell all your reserves EXACTLY as the price tanked!

Mark
But that would not be Gold ----- that would be Brown!,

 

[Stephen Ducker]

At least your governments didn't sell all your reserves EXACTLY as the price tanked!

...& Balls says he'll solve the debt problem by borrowing more.

 

[Mark]

Sometimes I just want the pain to stop!

 

[Keith]

Mark
But that would not be Gold ----- that would be Brown!,

He shoots! He scores! :laugh:

 

[Pete McCluskey.]

Looks like gold is getting a bounce today (dead cat?).

Did you know that Germany, third largest holder of physical gold in the world, put their gold in the USA during the cold war in case they were invaded?

Did you know they want it back and the US said they can have it in seven years?

What does that mean?

If you're a "gold bug," do you have physical or paper gold?

I own physical gold, purely as an insurance against inflation, the way I look at it
200 years ago an ounce of gold would buy a Savile row suit. Today an ounce of gold will buy a Savile row suit.

And if the shit hits the fan bit time you can stick a couple of ounces where the sun don't shine and get the hell out of dodge.