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9dashline

9dashline

Captain
Registered Member
FriedButter said:
Isn’t gold stocks different tho? Gold ETFs are suppose to hold “paper gold” like a bank/fund but gold stocks tend to be gold mining companies.
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US dollars used to be a paper iou deposit on a claim of gold. Then Fort Knox turned up empty

Gold ETF is a deposit on gold... Now they finding those gold doesnt exists

Seeing a pattern now? Next its gonna be StableGold or Gold NTFs

Only real gold in hand counts...
 
C

CMP

Senior Member
Registered Member
9dashline said:
R

Real gold is elemental gold AU created in heart of supernova, no such thing as inferior quality if assuming its 24k and 99.99% etc
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I see you have not followed the recent news of Australia being caught doping gold coins/bars/bricks with other metals. Now just imagine all the ones that haven't been caught yet.

Unrelated but Medvedev, Lavrov, and the other dude look to be having a good time.
 

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gelgoog

Lieutenant General
Registered Member
I think having up to 10% of your savings in actual physical gold is a pretty sound investment.
But if people run into physical gold too much there is always the risk the state could confiscate the gold eventually. The US did it before WW2.

So you might have physical gold, but they will stop accepting it in financial transactions by fiat, you will have to trade it in the black market basically. It will not be convertible into cash. And that is assuming they don't actually knock on your door in case you bought physical gold to try to get it from you.
 
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