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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: SG who wrote (29017)6/17/2010 11:53:41 PM
From: TH6 Recommendations  Respond to of 71456
 
SG,

Yes, those things are all true. Tax problems. Big spreads between bid and ask. Difficult to store.

And those reasons are exactly why physical has saved me from me so many times.

If you want to trade, then physical is not a good choice. Use any of the paper gold products for trading.

In the endgame, you either have gold or you have a potential claim to gold. If the endgame is terrible, as some expect, I do not want to discover that my claim is paid in inflated dollars or not at all. For me, I like the security that a certain percentage of wealth is truly independent of any counterparty risk.

GT
TH



To: SG who wrote (29017)6/19/2010 10:15:37 PM
From: the navigator  Read Replies (1) | Respond to of 71456
 
My local small-town dealer doesn't ask my name when I buy them. He's going to ask my name and send it to the Feds when I sell them back to him?

next time you go in, ask him his policy. my "local small-town dealer" asks for a first name only when buying and selling, but we keep the volume under the $10k limit. of course, that could change any time...


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