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Thank you for your feedback, I appreciate it. It's really crucial, many investors don't realize the importance of holding "real" gold. Many still do have some type of investment certificate, which carries significant counterparty risk. Best, Daniel
On Feb 08 03:01 PM silverwood wrote:
> I would like to commend the author for a good article. He gives some
> good advice;
> "We are seeing things that were unimaginable a year ago and are buying
> substantial amounts of physical gold bars for our clients, normally
> at their request. Some of them are then flying to Switzerland and
> visiting their bank in order to take physical delivery of the gold
> bars and coins just to lock them up in a private safe box. They want
> to make sure they get the “real” deal, not just some type of investment
> certificate which might be linked to the gold price, but has also
> significant counterparty risk."
> I concur entirely and if you don't hold it (physical gold/silver)
> you don't really own it.
> Also the author 's chart shows we are in a consolidation period from
> the 2008 high. Within the period we have witnessed a down trend maked
> by successive lower highs and lower lows. This has given way to new
> uptrend which has broken above the that down trend line. We are bumping
> up against resistance in the $920- $940 area. Once through that resistance
> zone and we will be rapidly challenging the old 2008 high. God speed
> I say!
Feb 13 09:51 AM
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Thank you for your feedback, I appreciate your detail and qualified opinion. Gold has moved quite a bit since the article came out but I really think this is a much longer-term story. Best, Daniel
On Feb 08 07:18 AM SW Richmond wrote:
> The gold battle isn't over. Another important factor for small gold
> investors is the ability to hold on to it through a forced liquidation.
> The smashing of gold's price late last year has been attributed to
> forced liquidation by hedge funds, selling 'good' assets to raise
> cash to stay alive. IMO small investors must remain aware of this
> possibility and maintain a cash position capable of defending their
> gold position. The scenario I fear most is a sustained deflationary
> period (forced liquidation) followed by high / hyperinflation. Were
> such a scenario to unfold, small investors could find themselves
> forced to sell their gold and raise cash in a last-ditch effort to
> meet other obligations, only to be hit afterwards with massive inflation
> / devaluation of fiat currencies once 'their' gold is in someone
> else's hands.
> Strong hands are necessary to hold gold.
Feb 13 09:48 AM
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