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Gold, beautiful and useful

T

trader

Professional
so for those of you investors out there https://www.livepriceofgold.com/

I'm living the dream, took profits this am on miners, hope you are doing well too.
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A hedge on inflation but hard to move around and you have to find someone to buy them. In my area it’s mostly pawn shops and you will be lucky to get 70% of spot. I have some silver, gold and copper coins on hand.
I would rather have land. Not making anymore of it and if crap hits the fan I can live off of it.
Each person’s situation is different; think it through before investing.
 
SaltyMonkey said:
A hedge on inflation but hard to move around and you have to find someone to buy them. In my area it’s mostly pawn shops and you will be lucky to get 70% of spot. I have some silver, gold and copper coins on hand.
I would rather have land. Not making anymore of it and if crap hits the fan I can live off of it.
Each person’s situation is different; think it through before investing.
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Until the S really hits the fan and the government decides it ain’t yours no more. Really just don’t pay the taxes for 3 years and they’ll sell it on the courthouse steps. Is it ever really yours ?
 
btw a commonly held misconception is that you must actually have the bars or coins on hand, but in the 21st century you can store your bullion elsewhere and go and get it should you need it. Tradeable on 24 hour international exchanges such as https://www.bullionvault.com Most stock exchanges aren't open 24/7 7 days a week. Can't do that with land. Someone will immediately respond - if you don't hold it you don't own it. Which is the point about paying property tax. And what if you need to sell your property in 30 seconds? Good luck with that. You may never really own anything here, but you'll want to control it. Have some in hand, have some out of the country, just some advice.
 
trader said:
btw a commonly held misconception is that you must actually have the bars or coins on hand, but in the 21st century you can store your bullion elsewhere and go and get it should you need it. Tradeable on 24 hour international exchanges such as https://www.bullionvault.com Most stock exchanges aren't open 24/7 7 days a week. Can't do that with land. Someone will immediately respond - if you don't hold it you don't own it. Which is the point about paying property tax. And what if you need to sell your property in 30 seconds? Good luck with that. You may never really own anything here, but you'll want to control it. Have some in hand, have some out of the country, just some advice.
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understood but what’s the point of owning paper gold certificates?
Would I not better served owning stocks , fiat currency or bitcoin? I do see the value of precious metals and think it’s good to have some in your nest egg. I would prefer actual gold to paper certificates of futures mining possibilities.
 
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SaltyMonkey said:
understood but what’s the point of owning paper gold certificates?
Would I not better served owning stocks , fiat currency or bitcoin? I do see the value of precious metals and think it’s good to have some in your nest egg. I would prefer actual gold to paper certificates of futures mining possibilities.
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quite right SM, I don't recommend paper gold. I do recommend bullion, bars ingots coins. On hand and on deposit. No futures for me, that's a young man's game it's been said. However, real bullion miners? Now that I do own and trade - $$$
 
Maybe I am missing something, but if it really gets bad, who is going to buy your metal? Trying to imagine a Great Depression scenario; or disruption of the internet, or massive rioting, in which gold would be useful for more than filling teeth. Especially paperwork saying you have some gold stored somewhere. If you are prescient enough to sell before everything turns to fecal material, please let us here know when it is gonna happen!
 
3L120 said:
Maybe I am missing something, but if it really gets bad, who is going to buy your metal? Trying to imagine a Great Depression scenario; or disruption of the internet, or massive rioting, in which gold would be useful for more than filling teeth. Especially paperwork saying you have some gold stored somewhere. If you are prescient enough to sell before everything turns to fecal material, please let us here know when it is gonna happen!
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+100.

Unless there's a system of govt to establish a value for something then it's only worth the same as something else. And there's a lot of fake gold out there.

And you can't eat it.
 
Talyn said:
+100.

Unless there's a system of govt to establish a value for something then it's only worth the same as something else. And there's a lot of fake gold out there.

And you can't eat it.
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it's listed on an exchange and you can sell or buy 24/7, I use it and it works. Give it a go - real metal, not fake paper
 
It pays to read the post(s) that one person is responding to, when its not your own, before you speak up.
 
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