With Gold, There's Nothing Like The Real Thing [View article]
People need to ask themselves, "Why am I buying gold?". If you are buying because you think there will be a complete financial collapse, then perhaps you would benefit from several months food & water storage in addition, to calm your nerves. If you are buying for 'portfolio insurance' and maintaining purchasing power then GLD/SLV are NOT good investments as the prospectus has more holes than a Texas traffic sign. Eliminating counterparty risk is paramount to ensuring your asset is there when you really need it. Finally, if you think the financial system is 'basically sound and in recovery mode' and you are focused most on nominal returns with the ease of instant trading, then it is hard to beat ETF's. Just remember to convert your profits into something tangible to maintain their real value.
Protecting Against 'Financial Repression' [View article]
Anyone who thinks 'Financial Repression' is a conspiracy has no idea of the meaning of the word. It is an organized, authorized and public process. There are many places this information is available... for those who care to look. Therein lays the problem: most of society is willfully ignorant and content to remain so and it will cost them dearly.
A Look At Gold Prices From 1800 To 2011 And 10-Year Returns [View article]
I am shocked to see that no one mention that prior to 1971 gold WAS money and dollars were mere receipts. Man... when is this point going to get burned into the minds of men. Gold is money. If you want to know the real value of something, measure it using gold... not dollars.
Book Review: Honest Money by Douglas Gnazzo [View article]
Hey Prof - help me understand why they call the USD the 'Petrodollar', please. Wouldn't that mean the the USD is a commodity based currency? Or am I confusing that with the FRN? How do you store your labour? Help a simple blue collar guy understand.
With Gold, There's Nothing Like The Real Thing [View article]
Go to the London Bullion Market Association's website for more information on the 'good delivery bars'. It seems to me that the dealer you are looking at is fair in their pricing. Most bullion dealers charge for buying it back. Only the best don't.
With Gold, There's Nothing Like The Real Thing [View article]
"Buy back" is also known as 'liquidity'. The bid/ask spread can be quite large - especially is you need to have it assayed before someone will buy it back. Additionally, the time necessary for the assay process could take several days to weeks. The best way to keep it liquid, and to minimize the spread, is to keep it in the LBMA's 'chain of integrity' good delivery standard. Keep this in mind when selecting your bullion provider. Good luck.
An Overwhelmingly Positive Long-Term Outlook For Precious Metals [View article]
With Gold, There's Nothing Like The Real Thing [View article]
Protecting Against 'Financial Repression' [View article]
A Look At Gold Prices From 1800 To 2011 And 10-Year Returns [View article]
Gold is money. If you want to know the real value of something, measure it using gold... not dollars.
Book Review: Honest Money by Douglas Gnazzo [View article]
With Gold, There's Nothing Like The Real Thing [View article]
With Gold, There's Nothing Like The Real Thing [View article]