SI
SI
discoversearch

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 : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (8484)5/22/2004 5:33:46 PM
From: Little Joe  Read Replies (3) | Respond to of 313023
 
The reason I use common date numismatic coins is because they are less volatile, move with gold and can often be purchased with little premium. I think if gold were ever confiscated again they would be excluded. Don't do much good to have gold in a gold money account or in Krugerands or such if the the government confiscates it. Since the physical gold I hold is a hedge against disaster I want to increase the odds that I will be able to hang onto during a financial crisis.

Little joe



To: Claude Cormier who wrote (8484)5/24/2004 12:48:01 PM
From: BSGrinder  Read Replies (1) | Respond to of 313023
 
**WOuld be harder to trade against a truck loaded of grain if needed**

Claude, I use coins as my gold precisely because they would be easier to trade for real goods, since coins have a known quantity and purity of gold, as guaranteed by national governments. Who knows whether a lump of gold is real or not, or what it's purity is? It's a lot harder to counterfeit a gold coin than stamp ".999" on an alloyed bar.

I like the idea of gold money, but have not used it yet. Mostly just inertia, and satisfaction with having my own gold in my possession, I guess.
Thanks,
/Kit