...so your hands will be free to carry other stuff when you are fleeing for your life.
Posted on 09/06/2025 9:11:19 AM PDT by delta7
Gold is on a record run — here’s how to invest, according to experts….
One ounce of Gold is one ounce of Gold, it has never changed like declining paper currencies…..” equal weights and measures “. The title should be :
“The world’s paper currencies are rapidly declining against Gold”.
“experts”
Beware the leaven of the "experts".
The “experts” tell me now how to invest AFTER the big run up?
Why didn’t they tell me BEFORE the big run up.
...so your hands will be free to carry other stuff when you are fleeing for your life.
Gold has a mystique about its value that is not nearly so prevalent with silver, platinum or other so-called “precious metals”. Even that old reliable, copper, one of the most mundane of commonly traded metals, relies on its industrial value almost entirely, something that gold has always been held in much too much regard that it is merely an “industrial” metal. Gold is basically an ornament of ostentation, and signifies wealth for the sake of wealth, and by extension, the reliable indicator of economic power of whoever currently possesses the greatest supply.
So, how many ounces for that 1957 Stratocaster? I’ll shave some off my gold bar here. :>)
Disclaimer, I have some gold. But I find it interesting that the ads for companies selling it, are eager to accept my ‘worthless’ fiat currency.
Two things: Physical assets:
If you want to own physical gold, or silver, let me suggest this. Buy just one item of whatever you want to hold. Then, try to sell it. I think it will be a reality lesson as it won’t be easy or cheap. The Chinese especially have been faking US silver coinage and bars for centuries. Many people discover their grandfather’s silver coins are brass plated with silver. Even if they’re real, few if any dealers want your stuff. The same is true for gold bars. A CCP entrepreneur was so good at faking gold bars that the Chinese government bought several. They weren’t discovered until they took some to Switzerland and tried to sell them. The entrepreneur had placed blocks of filler with moderately wide cut areas between them so that if the bar was cut in half or quarters the cut ran through pure gold. There was a substantial amount of gold poured over the filler as well.
Buying metals held by someone else: I’ve been reading about fraudulent gold sales especially for a long time. More holding certificates for gold have been sold than there is likely physical gold in private hands. Caveat Emptor.
In general, you’re better off with holding something else.
“ So, how many ounces for that 1957 Stratocaster? I’ll shave some off my gold bar here. :>)”
I’ve always wanted one, as that was my birth year. I’m not really a Strat guy, but I have read from those who are that a 62-63 is THE one. I have settled on a Custom Shop 60, due to the fat neck. I still can’t play it properly. I shall remain content with my Les Paul Special. I’d guess about ten or eleven ounces currently for a 57 Strat.
“If you want to own physical gold, or silver, let me suggest this. Buy just one item of whatever you want to hold. Then, try to sell it. I think it will be a reality lesson as it won’t be easy or cheap. “
I have never had a problem selling gold coins.
“Many people discover their grandfather’s silver coins are brass plated with silver. Even if they’re real, few if any dealers want your stuff. “
I sold a bunch of “silver” coins at the first dealer I took them to. No problem.
Some of the asteroids might have lots of gold.
Elon Musk might send out a spaceship.
The price of gold might nosedive.
Another commercial pushing Gold. The higher the price goes, the more dire the story has to be since gold is a fear trade.
Selling gold is not a problem. Selling it at a known price is another story. Most bullion exchanges charge a premium over the spot price when buying. If you sell, they buy it back at a discount from the spot price. For you, the difference is the transactions costs.
If you invested $100,000 in either Gold or the S&P 500 in 1986 (my relevant time horizon), you could have just under $1M in Gold today.
Or $7M in stocks.
You pick.
My oldest strat is an 82 blackout hardtail (out of Fullerton prior to the transition to Corona) with the big head stock I picked up on ebay. Not good years for the paint jobs for sure. But it sounds good.
You are correct, and that is why gold is on a record run. Meanwhile, as the interest rates go lower, the dollar will collapse further along with our paper money. They need to begin printing on softer paper, like Charmin.
I did a calculation on the economics of mining the moon if it were made of pure gold. It doesn’t pan out. We don’t have economical lift capacity to bring back pure gold.
Which begs the question, why do we bother to fund past or future moon shots, when if it were made of pure gold, it’s stupid?
Yes, the famous bid/ask spread.
Corporations can and do account for the value destroying effects of currency degradation. I did that for a living, for example. Which is why on a real inflation adjusted basis, stocks are one of the only investments that have a real rate of return.
Gold protects against currency degradation, and that is all. It doesn’t go to work every morning to earn you a real rate of return.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.