I just don't believe all the hype about gold being a great place to park money right now. The price of gold has been at a plateau for the past 3 years, with ups and downs, but it just doesn't look like there is the big climb the gold sellers are trying to tell potential customers. If gold was such a great buy, wouldn't they put all their resources into buying it for themselves, rather than selling it to others?
Any thoughts on gold are appreciated.
Paper refers not to just paper currency, but to paper silver and gold contracts. Silver and gold contracts are paper with nothing to back them, much like paper currency. It is my thought that when enough people convert their paper to physical, that’s when we understand the magnitude of this ponzu scheme and the value gets reset to what it really should be.
If your gold “salesman” is pushing anything other than physical, run!
It's physical, but they keep it in some vault, so the question is, would I be able to "cash out" in 5 or 10 years, if the whole global economy tanks.
If it’s not in your hand, it doesn’t exist. That’s my motto.