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Maintaining Gold Reserves
- Thread starter DallasCowboysFan
- Start date
+bullets, water, food and papers.I use GLD if I want to buy and hold long gold. I would say most people want to own the physical so they can trade it for a shovel some day.
you know the answer regardless of your politics, humpy.There are even some that think the so called gold reserves no longer exist but have been sold off already. As a private citizen you will not be allowed access to Fort Knox etc. and the last inventory was done in the 1950s. Why should that be so ? You may well ask !
Who will have bullets and food for sale?+bullets, water, food and papers.
I want to trade some food for bullets, and don't give me any of those soft gold bullets.
Who will have bullets and food for sale?
I want to trade some food for bullets, and don't give me any of those soft gold bullets.[/QUOTE
there are always people who have a surplus for sale at the right market price. give it careful thought.
I use GLD if I want to buy and hold long gold. I would say most people want to own the physical so they can trade it for a shovel some day.
I agree with you.
But I was wondering how many 'certificates' of ownership that these companies were selling as opposed to the actual ounces of gold and silver in their possession.
I doubt if there are enough floating out there to influence the markets but it was just a passing thought I had.
I emailed the CME, but I haven't received a reply.
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As I understand it all GLD owns is the certificates. Not sure, but that's what the goldbugs complain about any time I mention it.I agree with you.
But I was wondering how many 'certificates' of ownership that these companies were selling as opposed to the actual ounces of gold and silver in their possession.
I doubt if there are enough floating out there to influence the markets but it was just a passing thought I had.
I emailed the CME, but I haven't got a reply.
I'm totally with you on that. Not sure what kind of morons the gold bugs think will be out there after the apocalypse who will be happy to give them something useful in a practical sense like food in exchange for something entirely worthless in a practical sense like gold. I don't think they get the whole Maslow's hierarchy thing, although in my experience they have yet to get to the love/belonging stage themselves.Who will have bullets and food for sale?
I want to trade some food for bullets, and don't give me any of those soft gold bullets.
To be fair, only recently in Venezuela inflation got so bad the few merchants with goods only accepted gold for a while. But I can't see a goldbug ever spending his gold just to make it through a few hard weeks. They will never sell. Never have and never will. Ride it up ride it down.I'm totally with you on that. Not sure what kind of morons the gold bugs think will be out there after the apocalypse who will be happy to give them something useful in a practical sense like food in exchange for something entirely worthless in a practical sense like gold. I don't think they get the whole Maslow's hierarchy thing, although in my experience they have yet to get to the love/belonging stage themselves.