Disagreement makes the market. I was closely involved with the launch of a major Gold ETF, and friends were involved in listing many of these commodity-based ETFs and securing SEC approval. That said, I am not a metals trader, but I do enjoy financial fireworks. Good luck with your positions.
www.heygotrade.com
Where is your safe located in the house? And when is your next hunt planned?
I forget the story, but some grandee was once accused of talking his book, and the fellow replied: Of course, I’m talking my book! Who else’s book would I discuss? Personally, I’m fascinated by the hold that gold has on so many people. I know a hedge fund manager who carries iPhone pictures of his gold bars that he has in a Swiss vault just in case the world gets sporty. My father - against my advice - began buying physical gold when spot was below $1,000. He has many coins now in his safe, and I would like to sell them but it is not an easy transaction. I cannot recall how many times I have encountered doubts that there was enough gold in London, or elsewhere, to back up the big ETFs. I always thought silver was the poor man’s gold - until last year when it caught a massive bid, and especially as investors moved it from London to the US to get ahead of feared US tariffs. I do know that there is not enough gold for major investors (pensions, etc) to build meaningful positions, and that has always intrigued me, especially as central banks have been gold buyers. I see this morning that some of the big banks are talking up gold, again. These are very interesting times.@Rimbaud, I have tried to share both sides of the coin. From my perspective and opinion. But my biases have broken through.
For investing similar to the stock market. I think ETFs are best for most people.
Physical metal is more like holding physical ammunition versus an investment in an ammunition company.
Different purposes for both. Physical metal is a PITA to move quickly and selling through a store is very costly. So it’s best to sell directly on the street which is time consuming and sketchy.
Pros and Cons to both. I think we agree that Most people are best served by ETFs
Gold ETF vs Physical Gold: Which Is Better When Prices Rise?
Gold prices are rising. Compare Gold ETF vs physical gold and learn which option makes more sense for modern investors today.
Incredibly, religious festivals there and across Asia can sway gold prices. Gold is given as gifts and women are adorned w gold jewelry st wedding time because they are allowed to keep that as their property. The price volatility caused by the latter was a key reason the World Gold Council was tasked w creating a gold ETF.
I was told by a older gentleman.
I heard from a guy from one of the v old Philadelphia families that another guy from a v old family likes to buy high-grade diamonds. All the dealers know him, and call him when they get highly-rated diamonds. This guy buys the diamonds, puts them in metal coffee cans, and then cements them into the wall of his townhouse basement. His other hobby is even odder. He likes to sneak pistols into places that pistols are not allowed, including White House State Dinners, airplanes, etc. This is one of the craziest stories I’ve heard.
“You can’t trust everything you read on the internet”?!?
