Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Moominoid who wrote (14682)	2/9/2002 2:30:05 PM
From: TobagoJack	Read Replies (2) of 74559

Hi David, <<US gold reserves are approximately 10000 tonnes which are worth $US 100billion>> Better still, I believe the market cap of all publicly traded gold mining companies (and attributable gold mining subsidiaries of general mining companies) tally up to no more than USD 40 billion. <<how to actually buy/store physical gold in reasonable quantities>> Call the Aussie mint for wholesale info. Premium over spot should be less than USD 10/oz. A 1 foot x 1 foot x 3 feet bank safe deposit box will hold enough for most folks to retire on. The box, when full, is impossible for one guy to move. Alternatively, buy a burial plot and entomb gold in quick setting cement during middle of night. <<I retain an aversion to real physical assets>> This particular physical asset is beautiful. Hold it up to the candle light. Turn slowly one way, then another. Gently set it down on velvet tablecloth, rejoining it with its siblings. Stack them up. Shuffle the stacks around. Count the stacks. Arrrgh. Set wife or girlfriend against kitchen counter. One caution. During times of panic, governments (any and all governments) tend to outlaw gold ownership, because they do not believe it is good for the people. When the KMT Nationalists were planning to pull out from the Mainland China in 1948, they made gold ownership punishable by death. Chugs, Jay

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next