To: xzins
...considering there is not nearly enough physical gold to satisfy all paper gold in existence by a factor of about 100x. I don't expect a run on the banks, but this is why buying gold is a bad idea. Only the real big players actually have possession of it.
13 posted on
04/16/2011 6:00:34 PM PDT by
wmfights
(If you want change support SenateConservatives.com)
To: wmfights
I do accept gold’s historic position as a hedge to inflation, but I do not believe that gold has an intrinsic value that approaches its financial value. Therefore, in a crisis it has no real value.
18 posted on
04/16/2011 6:04:56 PM PDT by
xzins
(Retired Army Chaplain & proud of it: Truly Supporting the Troops means praying for their Victory!)
To: wmfights
“I don't expect a run on the banks, but this is why buying gold is a bad idea. Only the real big players actually have possession of it.”
If or when TSHTF The “Big Players" will have it taken away from them by some one bigger and nastier than them by whatever force is necessary.
32 posted on
04/16/2011 6:49:02 PM PDT by
mongo141
To: wmfights
“I don't expect a run on the banks, but this is why buying gold is a bad idea. Only the real big players actually have possession of it.”
If or when TSHTF The “Big Players" will have it taken away from them by some one bigger and nastier than them by whatever force is necessary.
33 posted on
04/16/2011 6:49:28 PM PDT by
mongo141
To: wmfights
I dont know about that. I own physical gold and silver, in my possession. I am not a central bank. I dont have a ton of the stuff, but it doesn’t take much to take possession.
40 posted on
04/16/2011 7:06:11 PM PDT by
Vermont Lt
(How long before the Mall becomes Tahifir Sq?)
To: wmfights
"Only the real big players actually have possession of it. "And what exactly stops you or me from buying American Eagles, Canadian Maple Leafs, or Kruggerands...(etc)?
49 posted on
04/16/2011 9:54:46 PM PDT by
matthew fuller
(TRUMP RESONATES WITH AMERICANS, INDEPENDENTS, and PATRIOTS!)
To: wmfights; xzins
“I don’t expect a run on the banks, but this is why buying gold is a bad idea. Only the real big players actually have possession of it. “
No. this is exactly why buying gold is a good idea AND only in physical form. You’ve got it backwards, wmfights
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson