Posted on 09/30/2010 6:57:03 AM PDT by SeekAndFind
We'll see how it all plays out. Gold could keep going through the roof. Or, it could tank.
My only point, really, is that there have been many successful investors who have said they got rich because they usually sold too soon rather than too late.
It would most likely be a pricey black market. I doubt the government -- especially one like we have now -- would allow a free an open exchange of precious metals. After all, the government's goal is to steal our wealth via currency devaluation. Can't do that if we're converting all our wealth into metal. Remember FDR's confiscation of gold in the 1930s.
Still, I don't see any other option. The Fed is printing like mad....
Tocqueville looks like a holding company for non-diversified gold: gold mines and physical bullion.
If it’s not holding loads of cash and instruments then it seems as safe and on-Gold-price as RGLD, who own Gold royalties.
Cautious thumbs up for style of company. I don’t know if Tocqueville is well priced though (I simply mean: I don’t know, I’m not saying that they’re overpriced)
I agree with you. This is scalp only, after an overextended run on the dollar.
I agree: you guys have a unique stressor in that your Government has indeed historically stolen your Gold.
Governments of course are also trying to steal our pensions, the land under our feet, the right to breath out CO2 etc: Gold is simply one more thing for them to steal, and harder to steal than most assets.
Rules for hiding your Gold:
Bury your gold, preferably on land you control. It won’t rust, but burying it in a short length of PVC pipe won’t hurt.
Floor safes that only you and one other (see below) know about are also a good option. Safety deposit boxes in Federal jurisdiction are a bad idea.
Tell exactly one person whom you trust with your life, who is an adult and *not a member of your close family* where that gold is, and what they should do in the event of not hearing from you for (say) three months.
Don’t tell the secret of your gold (even the fact of its existence) to anyone who might be caught up in an armed visit to your house: that’s why I say “not close family members”.
RGLD is the creme de la creme of gold stocks........
I agree.
I’m embarrassed to say I don’t own any RGLD myself - being young and callow I’ve been buying Canadian miners in the hope of a larger gain, rather than the sure accumulation of royalties.
I’ve traded it for years....now. Along with many others...but it’s the best, IMO.
Whew! Out just in time at 1298.25. Went to 1297.25 and now spiked back to 1308.
Guess I need to get in on buying gold; huh? Is Goldline a reputable gold outlet?
And average in, don’t buy it all at once. Maybe 20% of your intended investment each month for 5 months. Maybe stretched out longer than that.
My concern is, as the price of gold skyrockets, how are you going to get a few groceries at the local store and then “make change” with a Krugerrand, for instance?
Or, they could trust you, and have you pay your grocery bill after it grew to equal an ounce of gold.
Or, there’s the old-fashioned concept of “change.”
Thanks; I appreciate it.
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