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Anyone own physical Gold?

  • #161
  • Jul 17, 2019 12:28pm Jul 17, 2019 12:28pm
Quoting SurfsUp
{quote} Nothing inherently gives it the value....at some point way back in human history someone picked it to be valuable. The rest is passed down socially. imo.
Yeah, I am aware of that.. also the data supports that... Main markets are jewellery and investments/reserves (still), rather small chunk goes to industry etc..
That is one of the reasons I suspect DNA imprint Because as we know societal norms have/d rather good "volatility" but the GOLD is constant... among other FEW constants, yeah we know what we are talking about But let me give you this experience... I was at my time, influenced by the SILVER jewellery hype or even it's "powers... but I was VERT disappointed when I found my necklace GRAY... I was completely shocked that I have to maintain necklace.. and not so rarely.. Yeah I didn't get the PUREST silver necklace, but still... Completely rejected the SILVER jewellery.. since I didn't even think about maintaining it, coming from gold... So only GOLD for me, but as many of you, I prefer subtle/stealth wealth so maybe WHITE gold also... But then the thing is that some watch maker (you can guess which, won't promote it, if it needs (more) promotion at all perfected the stainless steel so much that many say that it is better looking than white gold

To sum up... Gold just seem to be the most optimal deal.. that you can WEAR, convert, hide, anonymise etc... whatever... You can even time travel anywhere and buy yourself anything with it Just to illustrate the point
Can you afford to take that chance?
  • #162
  • Jul 17, 2019 1:00pm Jul 17, 2019 1:00pm
Quoting auricforecas
{quote} The only problem with land that I am having is this economic uncertainties... but hey... among other alternatives... LAND is like constant... similar to GOLD.. just that the gold is much more mobile and liquid... But again, thumbs up for you portfolio and RICH person mentality

Yeah, i do agree land has economic uncertanties, however, land is essential for life, gold isn't. That's why for me it's a better alternative. Especially where i live, in Croatia the land prices have increased 4 times since 2010, and double in the last 2 years and keep growing. This is due to high demand for land as it's a hot tourist destination and most of my land has direct sea access (all the way to the legal sea boundry).

Gold is more mobile and liquid, but for me that makes it a less safe way of capital storage. Another thing with land is... you don't have to pay anyone to store your land (other then taxes and maintance) and you can do a lot on your land... for example i have an olive tree plantation, it's not many trees, but i love the fact that i can make my own olive oil. It just feels so good to use your own product. And it feels to look at your land and say... that's my. I don't know, for me that's a very fullfiling feeling.

Now over here there was a big problem in the 1950s when there was a Communist regime and land got taken away from people and claimed by the country... but hey, i'm sure if they had gold it'd be exactly the same! And besides, that's the distant past... now we have learnt to have our capital onshore and offshore .

And man... amazing quote!



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Quoting Ef5
One thing I really like about real estate is you can turn it into cash just by getting a mortgage. That way, if you find yourself in a situation like March 2009 when equity prices were mindbogglingly low you could get 4% mortgage and load up on stocks. You'd pay a little on the loan's origination fee and interest, but you'd get a huge return in exchange for it. Sure its risky, but a good way to temporarily lever up if market conditions warrant.
That is an awesome thing about real-estate, it can easily be converted into cash... however, I don't think i would have the guts to do that, the reason for this is, i'd remember all the people who did that during the great depression in 1930s( i know it was a different situation)... and then they ended up losing everything... BUT when i think of it...doing that with only a small portion of your land... the risk reward ratio would be awesome and that could generate huge returns in the long run while having an acceptable risk.

Indeed, it's very risky, but who ever got anywhere without any risk!

That's why i love real estate, and that's why it'll always be my last resort.
Through the light of enlightenment, darkness unveils the path of truth.
  • #163
  • Jul 17, 2019 2:13pm Jul 17, 2019 2:13pm
Quoting Vorenzd
Hello! How i store my money?
Nice setup Vorenzd.

Do you manage the rental properties yourself?
If you have faith in our leaders of commerce, don't buy gold.
  • #164
  • Jul 17, 2019 2:28pm Jul 17, 2019 2:28pm
Quoting Goat
{quote} Did not know that. You must be an accountant!
Haha, no. I'm not that boring.
If you have faith in our leaders of commerce, don't buy gold.
  • #165
  • Edited 5:28pm Jul 17, 2019 5:01pm | Edited 5:28pm
Quoting 676f6c64
{quote} Nice setup Vorenzd. Do you manage the rental properties yourself?
I don't because i simply don't have time or expertise for it as there are many different properties with different purposes. I outsource it to a local proprety managment agency,they do a pretty good job.

I've always been doing the same thing :

1. Search, invest(risky), trade.
2.Invest the capital you earned from trading/investing(riskier) into "safer" investments(real estate, small buisnesses etc).

It works like a charm.

I'm mostly into long term trading on various assets, but here on metalsmine i focus on intraday gold trading, i find it very interesting and so far profitable.
What i'm trying to say is that i'm not an entrepreneur, i'm just an economist and an analyst, and with that, a trader and an investor.

I outsource everything else, i don't want to lose my focus.
Through the light of enlightenment, darkness unveils the path of truth.
  • #166
  • Aug 5, 2019 1:42pm Aug 5, 2019 1:42pm
Has anyone used Lear Capital? They advertise on the TV all the time and it looks like such a scam. It looks like they are praying on old people
If you have faith in our leaders of commerce, don't buy gold.
  • #167
  • Aug 6, 2019 1:43pm Aug 6, 2019 1:43pm
I am thinking about buying some REAL gold, in physical form, from some most reputable bank directly... Happily for me, CH and AT are rather close to me... rather short (euro)trip But what I would like to do is to convince myself that it is the real gold I am having... Yeah, I know, buying from reputable source it is a guarantee, but still, would like to be sure for YEARS... to come... So anyone have a good, very reliable tool to measure the gold? Some rather retarded methods (buoyancy etc...) seems to be rather good. The one that I would trust the most is some form of x-ray based spectrometer... Will ask one professor that found out fake museum golden coin that passed rather good screening... I think it was something about buoyancy, which didn't convince me as a best method but I think it would be rather good one

I mean isn't anyone afraid of buying FAKE.. which is particular hard at larger pieces.. and what's more... what if someone replaces them later?
Yeah, a little paranoia doesn't hurt right? "Trust, but verify" or something, they say...
Can you afford to take that chance?
  • #168
  • Aug 7, 2019 4:42pm Aug 7, 2019 4:42pm
Quoting auricforecas
But what I would like to do is to convince myself that it is the real gold I am having...
I hear ya. All the methods to test if gold is real seem pretty dodgy: https://www.bullionbypost.com/index/...-gold-is-real/

You gotta pour acid on it and then bang the hell out of it... brilliant.
If you have faith in our leaders of commerce, don't buy gold.
  • #169
  • Aug 7, 2019 4:43pm Aug 7, 2019 4:43pm
Quoting 676f6c64
{quote} I hear ya. All the methods to test if gold is real seem pretty dodgy: https://www.bullionbypost.com/index/...-gold-is-real/ You gotta pour acid on it and then bang the hell out of it... brilliant.
Yeah, they are doing this in the gold stores... but it is only for surface... I would be interested if whats inside the bullion is really gold.. and not some bullshit
Can you afford to take that chance?
  • #170
  • Aug 8, 2019 10:29am Aug 8, 2019 10:29am
Quoting auricforecas
{quote} Yeah, they are doing this in the gold stores... but it is only for surface... I would be interested if whats inside the bullion is really gold.. and not some bullshit
Yeah, its like a steak. You gotta cut that thing open to ensure it's legit. You don't want it only looking good on the outside!
If you have faith in our leaders of commerce, don't buy gold.
  • #171
  • Aug 8, 2019 5:17pm Aug 8, 2019 5:17pm
Quoting 676f6c64
{quote} Yeah, its like a steak. You gotta cut that thing open to ensure it's legit. You don't want it only looking good on the outside!
Well, I have personally done x-ray spectrometry and I think it is one of the hardest thing to cheat... because any metals... gets in the spectrum. In fact... since then it got me wondering... if there is really any safe place to HIDE it.. since they can also locate it... So the STORAGE is even harder for someone not to find out... Yeah, banks would seem to be a good option, rather cheap... you can also insure it (but they must witness it first)... There are also some rather anon storage options... but I do not want to promote them since they are so rare already... but yeah, you could google them out rather fast I think... But the thing that many people imagine, that they will just stash it somewhere in apartment, house.... it is rather easy to find it if one is looking... WELL yeah! LEAD yea? Take a wild guess what people might first think of if they would find MASSIVE lead... in the spectrometry... GOLD is behind it ? So that would be my second "problem"... after checking if it is REALLY gold.. and secondly.. how to stash it.. privately/anon
Can you afford to take that chance?
  • #172
  • Aug 8, 2019 5:54pm Aug 8, 2019 5:54pm
Quoting auricforecas
{quote} Well, I have personally done x-ray spectrometry and I think it is one of the hardest thing to cheat... because any metals... gets in the spectrum. In fact... since then it got me wondering... if there is really any safe place to HIDE it.. since they can also locate it... So the STORAGE is even harder for someone not to find out... Yeah, banks would seem to be a good option, rather cheap... you can also insure it (but they must witness it first)... There are also some rather anon storage options... but I do not want to promote them...
Banks are not a good option. Gold is to a great extent an insurance against systemic collapse and you are not potentializing this by letting it in the banking system. You may say it's forbidden for the bank to hit their client's vaults, but exceptionnal events calls for exceptionnals actions...

There are some brokers that let you hold physical precious metals in a vault, that's what you need. You can even arrange delivery.

Now they make diamonds with almost identical characteristics with the natural ones (next to impossible for the best equipment to control it). For precious metals, it's not that hard to control, but there may be some loss associated with the process. But it's cheaper to purchase from a reputable source without having to control.
  • #173
  • Aug 8, 2019 6:20pm Aug 8, 2019 6:20pm
Quoting AiWoZhongHua
{quote} Banks are not a good option. Gold is to a great extent an insurance against systemic collapse and you are not potentializing this by letting it in the banking system. You may say it's forbidden for the bank to hit their client's vaults, but exceptionnal events calls for exceptionnals actions... There are some brokers that let you hold physical precious metals in a vault, that's what you need. You can even arrange delivery. Now they make diamonds with almost identical characteristics with the natural ones (next to impossible for the best...
Yeah I hear you The vaults are much more protected since they are protected against banks insolvency... But yeah, I am very well aware of that happens when shit seriously hit the fan.... But would the brokers really be better choice at those times? Brokers might be exposed heavily in the times we are mentioning here... I would have less problem trusting some reputable private, "backed" company... that stores vaults only, without some economic cycle related jobs... just vaults... with or without ID...
Can you afford to take that chance?
  • #174
  • Aug 8, 2019 6:33pm Aug 8, 2019 6:33pm
Quoting auricforecas
{quote} Yeah I hear you The vaults are much more protected since they are protected against banks insolvency... But yeah, I am very well aware of that happens when shit seriously hit the fan.... But would the brokers really be better choice at those times? Brokers might be exposed heavily in the times we are mentioning here...
On the company I know of, it's clearly stated that the broker can't put his hands on the previous metals. He is just an agent, there is a commission (much lower than any bank) that pays the broker and also consists of an insurance which is not provided by default in the banks.

The vaults are in reputable, stable locations, known for their respect of private property.

I don't have to care if my broker goes bankrupt and under no circumstance it can be taken away.
  • #175
  • Aug 8, 2019 6:36pm Aug 8, 2019 6:36pm
Quoting AiWoZhongHua
{quote} On the company I know of, it's clearly stated that the broker can't put his hands on the previous metals. He is just an agent, there is a commission (much lower than any bank) that pays the broker and also consists of an insurance which is not provided by default in the banks. The vaults are in reputable, stable locations, known for their respect of private property. I don't have to care if my broker goes bankrupt and under no circumstance it can be taken away.
Nice man.. So there is an insurance company that backs this in case broker goes south and/or steals? Care to share the brokers info or rather not?
I do not 2-3 locations w-wide that are very good, but not sure if I should promote them... they are 100% legal and everything, but you know how it goes... when enough money/spotlight... things might be forced to change... They offer anonymous vault rent even... with optional insurance! 1 of them is in Europe, one in Asia and one in US (Nevada), the last one is pretty clear I think
Can you afford to take that chance?
  • #176
  • Aug 8, 2019 6:51pm Aug 8, 2019 6:51pm
Quoting auricforecas
{quote} Nice man.. So there is an insurance company that backs this in case broker goes south and/or steals? Care to share the brokers info or rather not? I do not 2-3 locations w-wide that are very good, but not sure if I should promote them... they are 100% legal and everything, but you know how it goes... when enough money/spotlight... things might be forced to change... They offer anonymous vault rent even... with optional insurance! 1 of them is in Europe, one in Asia and one in US (Nevada), the last one is pretty clear I think...
I don't know if I can give detailled info too, it would be so much easier...

Let's put it this way, you just transact with the broker. Then your precious metals are stored in vaults from specialized "vaulting companies", think loomis, brinks...

Well, the company I know of does not garanty anonymity but will provide information to the government only if requested with court order. If you do some shady business, your account will just not be able to be opened.
  • #177
  • Aug 11, 2019 2:01pm Aug 11, 2019 2:01pm
Ok was just in a jewelry (gold) store today... And I am glad I did... It is nice to hear their perspective and services...
They had like mini gold bars to buy.. and gift cards with 1g or something... But it seems the price for (over) 10g+ is the same... they charge 11% premium (over the market).... but you do get physical golden bar.. and they say you can bring it back anytime and they buy it... I think at direct market price... or very close to it...
They had 2 dfferent golden bars... for 10g.. one with their logo and one SWISS.. I think Argor Heraeus... Both for same price, but with the swiss version, you get "GOOD DELIVERY" which means.. that you get the "guarantee?" that you can convert it anywhere in the world... Yeah, I know 11% over the premium is quite much (for BUY)... But it had me to buy it on the spot, because just feels a little safer to buy it local, from reputable company... I will consider... I might buy at least few 10g to have REAL MONEY available... anytime, anywhere (with GOOD DELIVERY).

Just checked their online prices and the premium seems to drop to 7%.. at 1.5k+ EUR... which is not that bad The clerk at the store said to me that the prices above 10g are the same... per gram... but did recommend to check their website
Can you afford to take that chance?
  • #178
  • Aug 14, 2019 11:54am Aug 14, 2019 11:54am
Quoting auricforecas
Ok was just in a jewelry (gold) store today... And I am glad I did... It is nice to hear their perspective and services... They had like mini gold bars to buy.. and gift cards with 1g or something... But it seems the price for (over) 10g+ is the same... they charge 11% premium (over the market).... but you do get physical golden bar.. and they say you can bring it back anytime and they buy it... I think at direct market price... or very close to it... They had 2 dfferent golden bars... for 10g.. one with their logo and one SWISS.. I think Argor...
Man... I almost bought above at the day of posting.. had the credit card in my hand.. but postponed... regretting now
Can you afford to take that chance?
  • #179
  • Aug 14, 2019 5:15pm Aug 14, 2019 5:15pm
Quoting auricforecas
11%
11% does seem kinda high. What's the % premium on something like a 1/4 ounce Philharmonic? My rough math says there is a 7% premium for that coin now on APMEX (coin is $406, Gold is $1518 / oz).
If you have faith in our leaders of commerce, don't buy gold.
  • #180
  • Aug 15, 2019 1:50am Aug 15, 2019 1:50am
Quoting 676f6c64
{quote} 11% does seem kinda high. What's the % premium on something like a 1/4 ounce Philharmonic? My rough math says there is a 7% premium for that coin now on APMEX (coin is $406, Gold is $1518 / oz).
Yeah, but ti dropps rather quickly (to 7%)... after you buy above 1,500 EUR (cca 1,670 USD) and that is by official pricing... And with gold.. we know its always good to negotiate About the APMEX... I calculated quickly and it seem you are right, 7% premium on the philharmonic.. But those are slightly different since you get additional (historic) value... Oh tnx for reminding me, better buy those Although would still love to have one/few BAR(s), it is just something about BARs or bullions So planning to have BOTH at 7% premium max, yes Much prefer 5%... so maybe wait to buy at more "bulk" at once

BTW funny name, APMEX.. reminds me of ACME a little Should order some though...
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Can you afford to take that chance?
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