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Anyone own physical Gold?

  • #101
  • Jun 11, 2019 12:18pm Jun 11, 2019 12:18pm
Also one thing that might be a good investment or at least a good value preserver is "The Gold Watch".
You can even pass it down for generations...
Inserted Video

If you invest in gold watch, you invest in gold also... If you happen to choose the famous brand with somewhat limited production, even greater...
It can be bought used or new... In fact, if buying used, you might "model" the future prices a bit more accurately since we already have the past
price movements, over different periods, we know how many were there, if the design was radical changed after etc...

I do not want to promote any brand here, but I think when one wants to have collectable golden watch that will preserve value well (judging by the past), we do not have much choice on the brands

Also you can attach it quickly (if needed) and have some real vale with you.. you get some attention (if you want)... And wherever you are maybe getting stuck (in the world).. you can sell it rather fast... if not better... by the weight in gold alone and pull yourself out of anywhere you are being stuck in
Can you afford to take that chance?
  • #102
  • Jun 11, 2019 5:34pm Jun 11, 2019 5:34pm
Since Venezuela has come up a few times, here is an interesting article that touches on the price of gold in Venezuela: https://www.metalsmine.com/news/9232...uelan-currency

Quote
But it still hasn't come close to keeping up. According to Claude Erb, a former commodities and fixed income manager at TCW Group, the real price of gold in Venezuelan currency terms has fallen more than 60% over the same period.
If you have faith in our leaders of commerce, don't buy gold.
  • #103
  • Jun 11, 2019 5:55pm Jun 11, 2019 5:55pm
Quoting 676f6c64
Since Venezuela has come up a few times, here is an interesting article that touches on the price of gold in Venezuela: https://www.metalsmine.com/news/9232...uelan-currency
Interesting article. I think auricforecas also mentioned this in one of his/her (sorry if the gender pronoun is incorrect) earlier comments. I think the idea was the gold rises just before inflation and then falls as the inflation worsens.

Hmmm...I may have to rethink my long term plan.
@xxxx§|[::::::::::::::::>
  • #104
  • Jun 12, 2019 11:43am Jun 12, 2019 11:43am
Quoting auricforecas
Also one thing that might be a good investment or at least a good value preserver is "The Gold Watch". You can even pass it down for generations... https://www.youtube.com/watch?v=YFtHjV4c4uw If you invest in gold watch, you invest in gold also... If you happen to choose the famous brand with somewhat limited production, even greater... It can be bought used or new... In fact, if buying used, you might "model" the future prices a bit more accurately since we already have the past price movements, over different periods, we know...
You're absolutely right! The problem for me is I don't like wearing gold jewelry. So far I love trading gold but detest wearing it!
  • #105
  • Jun 12, 2019 1:48pm Jun 12, 2019 1:48pm
Quoting Metallurgy
{quote} You're absolutely right! The problem for me is I don't like wearing gold jewelry. So far I love trading gold but detest wearing it!
Well yeah I totally get you! But you do not have to wear it at all. And wear it only as a part of an emergency (maybe) Like this famous watch "********* EMERGENCY" where you could pull the trigger and they come to rescue you... Similar to golden watch, you can sell it in a lot of places, if nowhere else, at a local jewelry (many of them buy gold on the spot)... to get some EMERGENCY money or have some GOLD-backed assets in case of credit cards doesn't work... in sime fine club/hotel you are in for example I would not recommend taking it to some "LOST IN PARADISE" adventure however But would be good in some developed countries, safe... when you are at peace that you can cash any bill should cards/cash be down/stolen

In addition, there are some STEALTH wealth options (white gold disguised as silver/metal and with STERILE dials (very rare, but can be factory ordered)..
You can have other golden things too and they could be stealthy also

But wouldn't you love to wear GOLDEN watch as a mood set, ritual.. to put you into the DOER, gold trader
Noone can even see you, but can make wonders for your mind (positive thinking loop etc
Can you afford to take that chance?
  • #106
  • Jun 13, 2019 11:43am Jun 13, 2019 11:43am
BTW

If you are buying coins/bars for long term storage make sure you use protection (air tite cases are currently my favorite).

Coin prophylactics are not as simple as you would think. I found a good reference page recently. Hopefully it helps you guys as much as it helped me: https://www.air-tites.com/coin_size_...m#.XQJ8xVVKiCi
careful not to step in a pile of it
  • #107
  • Jun 13, 2019 12:17pm Jun 13, 2019 12:17pm
Quoting bulltrap
BTW If you are buying coins/bars for long term storage make sure you use protection (air tite cases are currently my favorite). Coin prophylactics are not as simple as you would think. I found a good reference page recently. Hopefully it helps you guys as much as it helped me: https://www.air-tites.com/coin_size_...m#.XQJ8xVVKiCi
Thanks that's good info. I saved it for future reference.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #108
  • Jun 13, 2019 2:14pm Jun 13, 2019 2:14pm
Quoting Metallurgy
{quote} You're absolutely right! The problem for me is I don't like wearing gold jewelry. So far I love trading gold but detest wearing it!
Metallurgy you could always have the woman in your life wear it instead. There are the obvious earrings, bracelets etc or you could get a little crazy with it.
careful not to step in a pile of it
  • #109
  • Jun 13, 2019 3:20pm Jun 13, 2019 3:20pm
Quoting bulltrap
{quote} Metallurgy you could always have the woman in your life wear it instead. There are the obvious earrings, bracelets etc or you could get a little crazy with it.
She doesn't like it either White gold has sufficed for now. Also, I think I need to clean my PC after viewing that site - HOW MANY ADS?!
  • #110
  • Jun 13, 2019 7:26pm Jun 13, 2019 7:26pm
Quoting Metallurgy
HOW MANY ADS?!
oh DailyMail UK
careful not to step in a pile of it
  • #111
  • Jun 14, 2019 9:08am Jun 14, 2019 9:08am
I came across this last night: https://www.metalsmine.com/news/9244...tation-jewelry

The highlight is a 14K Gold necklace for $2,400. Wise investment...?

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 300 KB
If you have faith in our leaders of commerce, don't buy gold.
  • #112
  • Jun 14, 2019 12:54pm Jun 14, 2019 12:54pm
Quoting 676f6c64
I came across this last night: https://www.metalsmine.com/news/9244...tation-jewelry The highlight is a 14K Gold necklace for $2,400. Wise investment...? {image}
If you like ugly necklaces
If in doubt, paddle out!
  • #113
  • Jun 14, 2019 1:17pm Jun 14, 2019 1:17pm
Quoting bulltrap
BTW If you are buying coins/bars for long term storage make sure you use protection (air tite cases are currently my favorite). Coin prophylactics are not as simple as you would think. I found a good reference page recently. Hopefully it helps you guys as much as it helped me: https://www.air-tites.com/coin_size_...m#.XQJ8xVVKiCi
That is why I LOVE gold more than anything.. it is completely maintance free, unlike silver.. I liked silver in one time of my life.. but was totaly dissapointed with maintance... Gold is PERFECT everytime, maintance free... You could throw/burry/store it anywhere...
Can you afford to take that chance?
  • #114
  • Jun 14, 2019 3:15pm Jun 14, 2019 3:15pm
Quoting auricforecas
{quote} That is why I LOVE gold more than anything.. it is completely maintance free, unlike silver.. I liked silver in one time of my life.. but was totaly dissapointed with maintance... Gold is PERFECT everytime, maintance free... You could throw/burry/store it anywhere...
I don't disagree. Of course, gold is king. Always has been, always will be. They both are good buys right now, but I'm leaning towards silver. I see silver as the better shorter term physical investment right now based on the gold/silver ratio.

I know that the .9999 silver coins are tough to maintain. I don't buy those. But the .999 American Eagles kept plastic stored in the safe don't spot from my limited experience. Do you have anything that would sway me from stacking more silver coins?
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #115
  • Jun 15, 2019 1:23am Jun 15, 2019 1:23am
Quoting EventsTrader
{quote} I don't disagree. Of course, gold is king. Always has been, always will be. They both are good buys right now, but I'm leaning towards silver. I see silver as the better shorter term physical investment right now based on the gold/silver ratio. I know that the .9999 silver coins are tough to maintain. I don't buy those. But the .999 American Eagles kept plastic stored in the safe don't spot from my limited experience. Do you have anything that would sway me from stacking more silver coins?
Thanks for the info! Do I have anything swaying you from stacking? Not really But I am not expert for silver. I can however maybe boost your confidence with that activity (that I might consider myself, must research first) with quoting one book that I think is very good (I won't mention it again, because I did some times in previous posts), but I will give you quote here, you can find the rest: ""Silver should be trading at a ratio of 20-25.". IF that is correct (Gold/Silver currently at 90), then there is SERIOUS profit laying right there The idea is/was that around the crisis.. they come closer (the ratio gold/silver) And since betting on the next crisis (on the buy side, not short squeeze) seems to be never a bad idea (be prepared... you have hedged luck.. if no crisis... PERFECT.. goodlife... if... GOOD returns
Can you afford to take that chance?
  • #116
  • Edited 2:26am Jun 15, 2019 1:40am | Edited 2:26am
Quoting auricforecas
{quote} Thanks for the info! Do I have anything swaying you from stacking? Not really But I am not expert for silver. I can however maybe boost your confidence with that activity (that I might consider myself, must research first) with quoting one book that I think is very good (I won't mention it again, because I did some times in previous posts), but I will give you quote here, you can find the rest: ""Silver should be trading at a ratio of 20-25.". IF that is correct (Gold/Silver currently at 90), then there is SERIOUS profit laying right...
Thanks for the reply. You've confirmed a lot of my thinking. The risk/reward is very favorable.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #117
  • Jun 15, 2019 3:43am Jun 15, 2019 3:43am
Quoting 676f6c64
I came across this last night: https://www.metalsmine.com/news/9244...tation-jewelry The highlight is a 14K Gold necklace for $2,400. Wise investment...? {image}
Hey 676f6c64,

Custom made pieces like that are not a good investment. 14K Gold is worth about $25 a gram. However, On average, retailers mark up what they pay for gold by 25-30%. Then you have to pay for fabrication of the custom piece. Without knowing how much it weighs and if comes with a necklace, there is no real way to decide if its a good deal. To me it looks like at most 30 grams of 14K Gold if it does not come with a matching necklace.

Just stick with coins and bars and stay away from all that jewelry nonsense. Jewelry is worse than cars. You lose 50% or more of value as soon as you walk out the door. Think of it. Tiffany's is selling THIS necklace with a 18 in chain all in 18K Gold with a 0.06 Karat Diamond for $1650.

So no. It is not a good deal. New jewelry NEVER is. EVER.

- Ric
Be humble or get humbled
  • #118
  • Jun 17, 2019 10:21am Jun 17, 2019 10:21am
Quoting riclater211
Hey 676f6c64, Custom made pieces like that are not a good investment.
I know it's a terrible investment, but I just really like PlayStation.

Don't worry, I definitely won't be buying that thing.
If you have faith in our leaders of commerce, don't buy gold.
  • #119
  • Jun 17, 2019 2:10pm Jun 17, 2019 2:10pm
Quoting riclater211
{quote} Hey 676f6c64, Custom made pieces like that are not a good investment. 14K Gold is worth about $25 a gram. However, On average, retailers mark up what they pay for gold by 25-30%. Then you have to pay for fabrication of the custom piece. Without knowing how much it weighs and if comes with a necklace, there is no real way to decide if its a good deal. To me it looks like at most 30 grams of 14K Gold if it does not come with a matching necklace. Just stick with coins and bars and stay away from all that jewelry nonsense. Jewelry is worse than...
Unless you get a good PAWN deal or good collectors items... than it is just worth more than just weight in gold.
Can you afford to take that chance?
  • #120
  • Jun 18, 2019 8:01am Jun 18, 2019 8:01am
https://www.metalsmine.com/news/9255...headed-up-says
"anyone who doesn't have at least 5% of their wealth in physical gold right now is missing out on the greatest wealth insurance that exists"
Keep It Simple With Sentiment (KISWS) - Trade and Profit like the Pros!
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