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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: UncleBigs who wrote (63438)6/12/2006 11:36:07 AM
From: Claude Cormier  Read Replies (1) | Respond to of 110194
 
- Gold in the ground should be worth more than gold in the hand. You don't have to pay for storage and security. Think of it safely stored deep in an underground vault.

Not really, because the costs to take the gold out are high. Average is way above $300/oz (capex included), while storage and insurance is negligeable.