• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook
Results 1 to 3 of 3
  1. #1
    Join Date
    Jul 2003
    Location
    Kapiti in New Zealand
    Posts
    4,031

    Default Buy the Metal not the Paper – Gold Bullion trader was Coke Addict

    Someone smart told me always buy the metal not the paper when it comes to precious metals.

    And when you think about it that makes a heap of sense.

    The risk seems huge when you give a business your money and in return you get a piece of paper stating that you have part ownership in a chunk of metal.

    So I buy some ‘shares’ in a chunk of gold.

    Well – where is the gold? Can I visit it? What happens to the gold when your business collapses? How do I know you are not selling the chunk of gold I own to someone else? Do you actually own the gold?

    Silly questions? Hmm.. not really as every question is actually based on published events where the answer was not good for the investor.

    Suff.co.nz provides a fantastic story of why I would never-ever get into precious metal trading => Bullion trader was coke addict

    This is also why I like buying property (full ownership of course). You can see what you have brought.

    Source-> http://www.marksinvestingblog.com/20...s-coke-addict/

    Cheers

    Marc
    Free business resources - www.BusinessBlogsHub.com

  2. #2
    Endgame 101 Guest

    Default Kiwisaver in real gold?

    Quote Originally Posted by Marc View Post
    Someone smart told me always buy the metal not the paper when it comes to precious metals.

    And when you think about it that makes a heap of sense.

    ...

    Cheers

    Marc
    Hi Marc, has been good reading some of your posts on other threads.

    Have you come across any kiwisaver funds that invest in physical gold, rather than paper gold (future, ETFs and other "fractional reserve" exchanges like COMEX) that is so pervasive out there?

  3. #3

    Default

    Marc, I am totally with you on this one.When i think of it this is how money came into existence-being given a piece of paper and you are told it is equivalent to some gold somewhere that you have never seen.


 

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Gutter, plastic(pvc) vs metal
    By Winny in forum Property Improvements (NZ)
    Replies: 8
    Last Post: 23-02-2018, 09:32 AM
  2. Replies: 2
    Last Post: 27-09-2012, 07:01 PM
  3. Replies: 15
    Last Post: 19-12-2009, 11:13 AM
  4. Chch replace old metal guttering with the pvc's
    By nintiger in forum Property Improvements (NZ)
    Replies: 4
    Last Post: 01-10-2009, 02:21 PM
  5. Replies: 2
    Last Post: 20-05-2008, 04:51 PM
  6. Gold Bug! The return of gold fever
    By muppet in forum Other Investments
    Replies: 0
    Last Post: 18-11-2007, 12:37 PM
  7. THE OTHER YELLOW METAL - World energy use
    By muppet in forum General (NZ)
    Replies: 1
    Last Post: 03-09-2004, 10:14 AM
  8. Repairing metal roofs
    By muppet in forum Property Improvements (NZ)
    Replies: 2
    Last Post: 18-06-2004, 02:45 PM
  9. Normandy n Hawera
    By Motivstorm in forum General (NZ)
    Replies: 3
    Last Post: 06-12-2003, 08:54 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •