Quote:
Originally Posted by Barry-xlovecam
Have you considered just where you will store the gold?
The Greek government shut all the banks down for weeks when there was a crisis  This is how governments do things. In a real crisis gold stored in safety deposit boxes might be confiscated, with a government note securing it's value tendered, just to make the confiscation constitutional.
Bury it in your backyard, store it uninsured in a home safe in the basement? |
Yes you right I would stay away from safety boxes in banks.
Backyard or hidden in basement, why not...
Quote:
Originally Posted by lezinterracial
Oh yeah. I tend to go for rounds. I like stuff with a cool design. I will pay a little extra for something like "Year Of The Dragon" or "Year Of The Snake". Always have to say 1 Once .999 Silver.
You probably already know this - but stay away from anything clad or leaf.
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If you like design, have you looked at the chinese panda coins?
Quote:
Originally Posted by Vendot
Looks like gold rallied this week as shorts got squeezed, could be a turning point as the fourth quarter tends to be a period when gold rallies due to higher demand from India/China festival periods and usually goes into at least February due to Chinese new year.
Then there's the all the talk coming out that raising rates in September is now likely off the table but commentary I read says that the buildup to raising rates has already been priced in and even if rates go up, they'll stay low for a very long time and comfortably below the rate of inflation (which is higher than what's reported). Plus we have an overdue stockmarket correction (Dow closed down 500pts on Friday).
Then last week I read Druckenmiller (Soros ex partner) put a big bet on Gold in second quarter:
Stanley Druckenmiller's $300 Million Bet on Gold - Equities.com - Global Financial Community
I would suggest your timing is good.... it's prudent for everyone to have (at least) 10% exposure to gold and/or silver but physical should ideally be geographically diversified from a storage point of view. Whilst I very much doubt the US would confiscate people's gold again, it might be sensible to store outside your country of residence because when things turn bad your government will love your gold as much you do. |
Yes I noticed the boost this week. I wonder if gold already hit bottom low for this time, or if it can turnaround and go down to $1000.
Quote:
Originally Posted by MrDeiz
Can you tell me, please, when exactly the world has been stable during the past 2,000 years? Very appreciated
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Just trying to protect myself. I suspect it could soon get worse than the 2008 real estate crisis. Even if it won't I still have my gold without loss.
Quote:
Originally Posted by VikingMan
But Krugerrand s from golddealer.com. Paying extra for Gold Eagles is gay.
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What's the difference in price ?
Over here there's about $11 bucks difference, no big deal.
Nothing wrong getting 3 kruger and 3 gold eagles to diversify even if both are gold.
What you guys think of the fortuna PAMP bars ? I'm considering getting a few of those as well.