Physical Gold - Paper Gold has MASSIVE Divergence

clacy · Oct 8, 2008

Quote from AMT4SWA:

Up until the point it is undeliverable. :eek:

So do you have lots of guns and plenty of ammunition, as well as other "survial" equipment?

My theory has been that if physical gold becomes necessary, there will be plenty of "bad men" that will want your gold.

You'll probably need to defend your gold.

trackstar · Oct 8, 2008

Started buying gold 4 days ago

drsteph · Oct 8, 2008

Quote from sammybea:

I don't know why people think it is so hard to get gold. I have used these guys in the past.. and never seem to "sell out." But I can't seem to get my hands on any platinum right now.

http://www.bulliondirect.com/catalog/selectProducts.do?cat=Bullion_Gold&category=3

http://www.bulliondirect.com/nucleo/showProducts.do?cat=Gold_Bullion&category=3

Yes, I noted that also recently. Hoarding is obvious. Probably the reason that there was a hard stop on minting of gold/silver bullion coins by the US mint - people are removing cash from the banking system to purchase bullion. Probably not helpful to the overall economy, but self interest / self preservation does come into play.

AMT4SWA · Oct 8, 2008

Quote from clacy:

So do you have lots of guns and plenty of ammunition, as well as other "survial" equipment?

My theory has been that if physical gold becomes necessary, there will be plenty of "bad men" that will want your gold.

You'll probably need to defend your gold.

As a former Ranger trained US Army AH-1S Cobra Aviator, I know how to properly defend myself as needed.....but you are missing the main point I was trying to get at. I am talking about OVER LEVERAGED "paper" gold position defaults from the broker/institutions. Seen any over leveraged positions in any of the markets lately???

kubilai · Oct 9, 2008

What would you guys do if the government decides to ban gold possession like last time? I'm not being sarcastic, just looking for a solution.

sprstpd · Oct 9, 2008

Quote from kubilai:

What would you guys do if the government decides to ban gold possession like last time? I'm not being sarcastic, just looking for a solution.

Unless you want to buy physical gold which is a pain, you should buy some gold miners. I would think if they outlaw gold, the miners will explode upwards.

Mecro · Oct 10, 2008

Quote from kubilai:

What would you guys do if the government decides to ban gold possession like last time? I'm not being sarcastic, just looking for a solution.

I prefer silver right now, Gold too expensive. Mark ups for physical keep increasing too.

There are other real commodities you can start stockpiling.

daddyeaux · Oct 11, 2008

spot for silver is $10 give or take yet silver eagles on ebay are going for $20

shops around here are out and there is a 15 week wait time for delivery

sprstpd · Oct 11, 2008

Quote from daddyeaux:

spot for silver is $10 give or take yet silver eagles on ebay are going for $20

shops around here are out and there is a 15 week wait time for delivery

Is there anyway to arbitrage this spread? I mean, if you already have coins, why not sell them at the higher prices and buy the paper ETFs at lower prices?

kxvid · Oct 11, 2008

Quote from Mecro:

I prefer silver right now, Gold too expensive. Mark ups for physical keep increasing too.

There are other real commodities you can start stockpiling.

Silver is much more expensive if you factor in premiums.