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To: agere_contra
The gold market is 2% physical bullion and 98% paper promises

Sometimes I just don't understand what people are thinking, if they are thinking at all. The purpose of acquiring gold is to have something that's yours, is easy to keep safe, is easily identifiable, has a verifiable value, and can easily be traded or bartered. I'd think $5 gold bullion coins, current mint, are the best way to do that. I don't own any, it seems a little late to take that direction.

But why would anyone accept a piece of paper saying you have gold when the purpose of having gold is to have it?

Please, correct my thinking where I've gone astray.

36 posted on 04/15/2014 7:03:18 AM PDT by grania
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To: grania

I can’t correct your fhinking except to say that if you don’t have anything, average in to those 1/10 ozers at a reasonable pace for your finances.


46 posted on 04/15/2014 7:21:52 AM PDT by Stentor (Maybe the Goldman Sachs thing is just a coincidence. /S)
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