Selling Your Physical Gold

[Master Shake]

When the time comes to sell your physical bullion, how are you going to do it?

Local coin shop? Won't get the best price there.
eBay? Listing + final value + Paypal fees
Classified ads?
Craig's List?


This past week I decided to sell one of my gold coins. It's one of the Austria-Hungary Corona restrikes that contain 0.98 oz gold. Advertised it on the local Craig's List at the APMEX price (provided a link). Thought that was fair; it would save the buyer the shipping cost.

Got no responses except for spam.

[charliebrown]

tell me when you figure out the best place for a small retail sale.
apmex will buy your stuff back less a markdown and shipping.
how much will cash for gold give you? I have heard 70%, but then You're not selling your cheesy class ring that has to be melted down etc.
you are selling near pure gold which can be easily resold.

I think if the gvt want to confiscate gold, they will due it by regulating the dealers. having the dealers collect say 30% of spot. it doesn't matter what you paid. taxes are 30%.

[charliebrown]

oh, ps, if gold goes back down to 910 give me a holler, that is my next buy price

[karim0028]

Why would a coin dealer not be a good price? The coin dealer i frequent seems to buy at spot and sell at $39 premium to spot on Krugs and the like...

[dummass]

Master Shake, I will buy your coin for a fair price. The only problem we may have is the shipping. Can coins be sent safely? FED EX or DHL? I'm living in Panama. I've never tried mailing PMs, but there should be a way of doing it. Any suggestions?

[metalman]

Master Shake, I will buy your coin for a fair price. The only problem we may have is the shipping. Can coins be sent safely? FED EX or DHL? I'm living in Panama. I've never tried mailing PMs, but there should be a way of doing it. Any suggestions?

i was going to say... i bet any ituliper selling gold will find a ready buyer here.

[audrey_girl]

why sell now?

the party is really just beginning...

<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/wuX4enOEvEM&hl=en&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/wuX4enOEvEM&hl=en&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>
:(

[metalman]

the movie needs an '*' at the start...

you can make money on the crash of the dollar*

* if you have any money left after being in schiff's funds through 2008 when the dollar crashed up, 100% contrary to schiff's forecast.

shoulda gone to cash the itulip way.

but schiff's blind followers fall for his line of libetarian patter.

investing via political ideology is a road to the poorhouse.

[karim0028]

the movie needs an '*' at the start...

you can make money on the crash of the dollar*

* if you have any money left after being in schiff's funds through 2008 when the dollar crashed up, 100% contrary to schiff's forecast.

shoulda gone to cash the itulip way.

but schiff's blind followers fall for his line of libetarian patter.

investing via political ideology is a road to the poorhouse.

While i agree his timing was off, he seems to have the same reasoning as itulip..... He is also calling for gold/silver and commodities to go significantly higher...

The difference seems to be that itulip had the foresight to see that a market crash would take a lot of the equities (domestic and foreign) down with it....

[GRG55]

While i agree his timing was off, he seems to have the same reasoning as itulip..... He is also calling for gold/silver and commodities to go significantly higher...

The difference seems to be that itulip had the foresight to see that a market crash would take a lot of the equities (domestic and foreign) down with it....

The difference is that iTulip doesn't run a brokerage/investment management business that generates fees from collecting and keeping subscriber's investment savings. If Schiff had recommended all his clients go heavily to cash his business would have collapsed...would you pay anyone a fee to "invest" in US Dollar cash?

[jk]

The difference is that iTulip doesn't run a brokerage/investment management business that generates fees from collecting and keeping subscriber's investment savings. If Schiff had recommended all his clients go heavily to cash his business would have collapsed...would you pay anyone a fee to "invest" in US Dollar cash?
if ej opened a mutual or hedge fund which had the option of going to cash if he thought it appropriate, would you consider investing?

[pianodoctor]

When the time comes to sell your physical bullion, how are you going to do it?

Local coin shop? Won't get the best price there.
eBay? Listing + final value + Paypal fees
Classified ads?
Craig's List?


This past week I decided to sell one of my gold coins. It's one of the Austria-Hungary Corona restrikes that contain 0.98 oz gold. Advertised it on the local Craig's List at the APMEX price (provided a link). Thought that was fair; it would save the buyer the shipping cost.

Got no responses except for spam.

I have been very happy with my relationship with a coin dealer (who does significant bullion coin business.) The prices are fine. He's been buying at $10 over spot lately, and selling at $30 above that. We fix our buy or sell prices via phone according to that day's spot prices, then complete the transaction via the mails. I've done business with them for over 10 years.

Local coin dealers I have checked with seem to pay about $10 over spot also, but their sell premiums are higher. (I'm wondering if they get the coins from my guy, then add a premium over that?) But still, when sell time comes, it seems I'll have a choice who to sell to, and probably get something over spot price.

[Raz]

The difference is that iTulip doesn't run a brokerage/investment management business that generates fees from collecting and keeping subscriber's investment savings. If Schiff had recommended all his clients go heavily to cash his business would have collapsed...would you pay anyone a fee to "invest" in US Dollar cash?

That's why I left the brokerage business.

In the Summer of 1987 I had little old ladies with no more than $30,000 in life savings calling me wanting to put all of it in Wal-Mart.
Two years earlier I couldn't get them to buy Ginnie Maes yielding 11.00% !!

I was trying to get my clients to raise cash levels in their accounts to between 30% - 50% because I knew the market would likely have a steep correction (I didn't know it would crash). My office manager told me that people wouldn't keep their accounts with us if we took most of their portfolios to cash.

I decided that I didn't want to spend the rest of my life being a walking, breathing conflict of interest.

[Raz]

I live within driving distance of this company.
This is where EJ bought his PMs back in 2001, so I'm likely to sell most of mine to them.

http://www.scpm.com/goldsilverbullion.php

[rogermexico]

I will pay spot right now to anyone who wants to sell bullion coins.

PM me -no joke.

[metalman]

While i agree his timing was off, he seems to have the same reasoning as itulip..... He is also calling for gold/silver and commodities to go significantly higher...

The difference seems to be that itulip had the foresight to see that a market crash would take a lot of the equities (domestic and foreign) down with it....

fer chrissake, the crash of the dollar has been forecast for more than 20 yrs.

google it for yourself.

for example...

Dr. Ravi Batra....
Forecasts Made in 1988 for the 1990s
21. The US dollar will crash by the end of 1994.

process and timing are everything. what else matters?

[art]

The difference is that iTulip doesn't run a brokerage/investment management business that generates fees from collecting and keeping subscriber's investment savings. If Schiff had recommended all his clients go heavily to cash his business would have collapsed...would you pay anyone a fee to "invest" in US Dollar cash?

I'd pay someone a fee to know *when* to go to cash. Sort of why I subscribe to iTulip.

E.g. Back in '01, on EJ's advice (although a I didn't listen for a little too long), I took everything out of the market into cash. My money manager argued with me. At our next meeting about a year later he told me he wished he had taken everyone out of the market like I did as I was the customer with the highest returns that year (around 1%!). He, of course, had no recollection that I had to argue with him. I got a new money manager.

Eric need to start the EJ Fund.

[aaron]

I think when the time comes, the difficulty will be in deciding which offer to accept from all the crazy buyers.

I put an ad on craigslist once to see what I could get. I put some eagles up there at $1500 an ounce and got a lot of hits. (no, I did not actually sell any, just testin' the waters). However, this was when bullion was hard to come by last year, and my ad said... "Go ahead, try to find real bullion... You cannot buy it!"

[babbittd]

This past week I decided to sell one of my gold coins. It's one of the Austria-Hungary Corona restrikes that contain 0.98 oz gold. Advertised it on the local Craig's List at the APMEX price (provided a link). Thought that was fair; it would save the buyer the shipping cost.

Got no responses except for spam.

Don't take it personally. Craig's List, just isn't what it used to be. Spambots took it over in early 2008.

[hayekvindicated]

I'll sell mine to them (http://www.tanishq.co.in/). I bought it from them and will sell it back to them.

[hayekvindicated]

I'd pay someone a fee to know *when* to go to cash. Sort of why I subscribe to iTulip.

E.g. Back in '01, on EJ's advice (although a I didn't listen for a little too long), I took everything out of the market into cash. My money manager argued with me. At our next meeting about a year later he told me he wished he had taken everyone out of the market like I did as I was the customer with the highest returns that year (around 1%!). He, of course, had no recollection that I had to argue with him. I got a new money manager.

Eric need to start the EJ Fund.

The "cash" you'd want to be in would probably be an Asian currency like the Singapore Dollar - you wouldn't want Bonars.

[hayekvindicated]

While i agree his timing was off, he seems to have the same reasoning as itulip..... He is also calling for gold/silver and commodities to go significantly higher...

The difference seems to be that itulip had the foresight to see that a market crash would take a lot of the equities (domestic and foreign) down with it....

I like Schiff but as a media personality - among all the TV commentators out there, only him, Faber and Rogers (among those who appear regularly on TV) speak the truth about the dollar and the deficits. Roubini also does but I dislike his theories.

When I started out as an amateur investor back in February 08, I listened to Rogers and Schiff the most. Now, I read only EJ and Faber for macroeconomic analysis and rely on Faber for my trading decisions.

George Soros once said that one only had to be right 4 times out of 10 to make it big as a trader. I am amazed how often Faber gets it right. He is not always right of course (that would be impossible for any human being but his track record is remarkable).

I returned between 30-40 percent in 2008. Without Faber that would have been utterly impossible.

[Adeptus]

When the time comes to sell your physical bullion, how are you going to do it?

Umm... to the bank where I bought it from, or the other 3 next door. Gotta love Canada :)

[karim0028]

I'll sell mine to them (http://www.tanishq.co.in/). I bought it from them and will sell it back to them.

They look like a jewelry store... Doesnt mention that they sell/buy coins/bullion... But, im assuming that they must sell bullion as well...

[jtabeb]

When the time comes to sell your physical bullion, how are you going to do it?

Local coin shop? Won't get the best price there.
eBay? Listing + final value + Paypal fees
Classified ads?
Craig's List?


This past week I decided to sell one of my gold coins. It's one of the Austria-Hungary Corona restrikes that contain 0.98 oz gold. Advertised it on the local Craig's List at the APMEX price (provided a link). Thought that was fair; it would save the buyer the shipping cost.

Got no responses except for spam.

I think that this thread misses THE ENTIRE POINT.

Know why gold is going up?

People are Doubting the surviability of unbacked FIAT (all be it debt based) curriencies. ALL OF THEM.

You are seriously trying to tell me that you are going to take toilet paper for your gold?

Man, I wish I could run a printing press as fast as ben bernanke is and just buy up ALL THE GOLD FOR SALE IN THE WORLD AT MARKET PRICES.

In Fact, If the FED really had any brains, THAT's EXACTLY what they'd do.

Bottom line, read about any currency crises in HISTORY, and then with a straight face explain to me how your are going to take your only true safehaven asset and TRADE for self-same currency that is undergoing crisis?

That is about the worst logic, I've heard, EVER!

Notice, I did not say NOT USE YOUR PM's (to buy a house, factory, a farm, boat to nowhere, food, guns, small country, etc.)

But the idea of doing something OTHER than a direct exchange with you PM is EXACTLY why the dollar is still in place.

Notice how dollars are the transactional media for ANY and ALL purchases and sales. You are playing a MUG's game by falling into the same trap everyone else has ever since 1971.

At least China Gets it. If you can't get around dollars for transactions, you have given yourself ZERO advantage. yes ZERO. Because you tie yourself to the dollar gold/exchange rate officialdom sets.

That is system is BREAKING as we speak. If you don't change your operational paradigm for transactions, YOU WILL BE SCREWED.

Think about it. China is trying to make baby steps to leave the dollar system. The prisoner's dilemma just kick into high gear for the remaining unhedged dollar holders. And YOU GUYS want to WILLFULLY jump into that exchange mechanism just as it's teetering and about ready to tumble.

Worst POSSIBLE IDEA ever. (at least if you never owned gold, you couldn't be that mad. But if you were smart enough to move into gold but then willfully went back to dollars, freaking loony)

Do any of you ACTUALLY think that EJ is WRONG and that a world international GOLD standard will NOT be the result of this? (At least between governments, anyway)

Look you come here for EJ's advice and the opinions of others (but Mostly for EJ).

If you are CONTEMPLATING indirect exchange of your PM's (e.g. Gold -> currency -> currency to something you want or need), You are violating the key tenet of his 30% Physical PM allocation.

If this doesn't make sense to you, PM me.

Seriously.


Go read about any and all currency crises (especially ones associated with the financial collapse of a SUPERPOWER) and then look in the mirror and slap that idiot who's telling you to use indirect exchange for your physical PM's.

(Stop taking his advice too)

[vinoveri]

Man, I wish I could run a printing press as fast as ben bernanke is and just buy up ALL THE GOLD FOR SALE IN THE WORLD AT MARKET PRICES.

In Fact, If the FED really had any brains, THAT's EXACTLY what they'd do.



OR slowly sell off CB gold reserves to restrain advances in the price of gold, thus indirectly inspiring confidence in fiat currencies, and keeping the $ from crashing ... and this could go on for many many years.

Then, when the stored gold reserves are near depletion, pull a 1933 FDR and call in all the gold from the public, revalue the $, forbid gold ownership, and start the cycle again.

[jk]

at some point, absent teotwawki, it will be time to sell gold and buy other assets.

[jtabeb]

at some point, absent teotwawki, it will be time to sell gold and buy other assets.

Remember teotwaawki Does not mean doomsday, everyone dies, etc.

It DOES mean the END of the WORLD AS WE KNOW IT.


I think this is teotwawki, I don't think that they will be able to put the golden genie back in the lamp this time. So I am making a humble prediction, that (quote me here) THIS TIME, IT'S DIFFERENT.

That's what I think. So I disagree with your qualifier, but agree with your statement.

(since it is teotwawki for unbacked fiat, there will not be a time to sell your gold for FIAT)

I agree, use gold to acquire assets, but not to acquire fiat, that is a proposition for and idiot, and only an idiot would accept.

[hayekvindicated]

They look like a jewelry store... Doesnt mention that they sell/buy coins/bullion... But, im assuming that they must sell bullion as well...

They do sell bars and coins (http://www.tanishq.co.in/why_tanishq_goldcoins.html) as well.

[Master Shake]

I think that this thread misses THE ENTIRE POINT.

Know why gold is going up?

People are Doubting the surviability of unbacked FIAT (all be it debt based) curriencies. ALL OF THEM.

You are seriously trying to tell me that you are going to take toilet paper for your gold?

Man, I wish I could run a printing press as fast as ben bernanke is and just buy up ALL THE GOLD FOR SALE IN THE WORLD AT MARKET PRICES.

In Fact, If the FED really had any brains, THAT's EXACTLY what they'd do.

Bottom line, read about any currency crises in HISTORY, and then with a straight face explain to me how your are going to take your only true safehaven asset and TRADE for self-same currency that is undergoing crisis?

That is about the worst logic, I've heard, EVER!

Notice, I did not say NOT USE YOUR PM's (to buy a house, factory, a farm, boat to nowhere, food, guns, small country, etc.)

But the idea of doing something OTHER than a direct exchange with you PM is EXACTLY why the dollar is still in place.

Notice how dollars are the transactional media for ANY and ALL purchases and sales. You are playing a MUG's game by falling into the same trap everyone else has ever since 1971.

At least China Gets it. If you can't get around dollars for transactions, you have given yourself ZERO advantage. yes ZERO. Because you tie yourself to the dollar gold/exchange rate officialdom sets.

That is system is BREAKING as we speak. If you don't change your operational paradigm for transactions, YOU WILL BE SCREWED.

Think about it. China is trying to make baby steps to leave the dollar system. The prisoner's dilemma just kick into high gear for the remaining unhedged dollar holders. And YOU GUYS want to WILLFULLY jump into that exchange mechanism just as it's teetering and about ready to tumble.

Worst POSSIBLE IDEA ever. (at least if you never owned gold, you couldn't be that mad. But if you were smart enough to move into gold but then willfully went back to dollars, freaking loony)

Do any of you ACTUALLY think that EJ is WRONG and that a world international GOLD standard will NOT be the result of this? (At least between governments, anyway)

Look you come here for EJ's advice and the opinions of others (but Mostly for EJ).

If you are CONTEMPLATING indirect exchange of your PM's (e.g. Gold -> currency -> currency to something you want or need), You are violating the key tenet of his 30% Physical PM allocation.

If this doesn't make sense to you, PM me.

Seriously.


Go read about any and all currency crises (especially ones associated with the financial collapse of a SUPERPOWER) and then look in the mirror and slap that idiot who's telling you to use indirect exchange for your physical PM's.

(Stop taking his advice too)

Dude,

Over 50% of my "liquid" assets are in physical PM. It kind of freaks my wife out, so I told her I'd back off adding to the hoard. However, I still add surreptiously from time to time. Week before last, I picked up a NGC-70 2006 Buffalo for $1000 off Craig's list and a 1/2 sovereign off eBay for under spot, so I felt a little guilty and thought I lower the allocation a bit.

Plus, at some point, you're going to have to sell. I don't see a Mad Max scenerio happening.

[thunderdownunder]

Now that post written by Jtabeb shows he is a smart thinker - listen to what he is saying - don't ever sell "Manhattan" for beads mirrors and cloth. Exchange only for wealth.

[jtabeb]

Plus, at some point, you're going to have to sell. I don't see a Mad Max scenerio happening.


You assume that there will be a unbacked fiat currency when it is time to sell, what if they all go kaput? Like I said, I don't think most people reading this thread are GETTING it.

You all have a false sense of a "return to normal ops" It's not.

Go read EJ's it's 1981 in reverse article again, it really does change your mindset to the approprate framework of understanding.

I don't think Mad Max is comming either. A period of intense social unrest, accompanied by haywire supply demand and market processes, while the a new financial system (really international monteary system) struggles to be born, absolutely.

Russia and Argentina didn't get mad max, but they DID have severe social and financial hardship for the bottom 90%, I see the same thing happening here.

FYI, tell your wife to lighten up and trust you a bit more.

(My wife, god bless her, has acquiesced to my allcation decisions, we're at 90%+)

I think you are on the right track, BUT, I really think it would be wise for most people following this thread to re-read "it's 1981 in reverse" and gives some real thought to what circumstances would really give reason for exchange out of gold.

As I have said, if you are planning on the indirect exchange route (e.g. metals to currency to assets), you need to re-think your exit strategy (metals to assets).

If you don't agree that's fine, but what kind of Ituliper would I be if I didn't speak my conscience while it still mattered.

(I told you so, is both a weak excuse and not very helpful AFTER the fact)

V/R

JT

[grapejelly]

I don't sell gold. It's better to just buy and salt it away somewhere.

I do have a local guy who I buy from. Everyone should support those local guys. If nothing else to have a contact who will go out of his way to do business with you when doing so is rough.

In the bad old days of 1979-1981, if you had silver it was very hard sometimes to sell because the smelters were so backlogged. Assays took forever. And there was counterfeiting (drilling and filling with lead) on the big bars, so dealers were suspicious.

Always pays to build a stock of goodwill with a local guy. That said, I like Apmex for big purchases.

Shipping in the US is very safe via registered mail.

[ThePythonicCow]

As I have said, if you are planning on the indirect exchange route (e.g. metals to currency to assets), you need to re-think your exit strategy (metals to assets).Isn't that a very short term tactical decision?

When the time comes you need to exchange gold for an asset, then that day, that week, decide how best to affect the transaction. If the seller will take your gold, fine. If he wants to exchange for some specified amount of fiat currency, fine. If he wants three loaves of bread and a box of ammo, fine. Whatever works for the seller and you, at a price to which you both agree.

Even as fiat currency loses its worth as a means to store wealth, it often maintains its usefulness as a common means of exchange. Just don't get caught holding the currency for longer than it takes its real value to decline much.

Why the fuss today over what might be a spur-of-the-moment detail five or ten years from now?

[pwcmba]

I suspect the Nucleo market at bullion direct will have buyers (always has every time I've looked)

http://www.bulliondirect.com/nucleo/

[jtabeb]

Isn't that a very short term tactical decision?

When the time comes you need to exchange gold for an asset, then that day, that week, decide how best to affect the transaction. If the seller will take your gold, fine. If he wants to exchange for some specified amount of fiat currency, fine. If he wants three loaves of bread and a box of ammo, fine. Whatever works for the seller and you, at a price to which you both agree.

Even as fiat currency loses its worth as a means to store wealth, it often maintains its usefulness as a common means of exchange. Just don't get caught holding the currency for longer than it takes its real value to decline much.

Why the fuss today over what might be a spur-of-the-moment detail five or ten years from now?

Small points if you have the "big picture", Huge points if you don't.

Just trying to make sure everyone has the "big" picture, that's all.

Trust me, there are folks here that HAVE NO physical PM's.

So, please don't tell me that just cause you're (not you singular cow, everyone) on Itulip, you have it.

[Kadriana]

Small points if you have the "big picture", Huge points if you don't.

Just trying to make sure everyone has the "big" picture, that's all.

Trust me, there are folks here that HAVE NO physical PM's.

So, please don't tell me that just cause you're (not you singular cow, everyone) on Itulip, you have it.

That would make an interesting poll. People could say how much they have anonymously and you could find out how many people do, and how many people don't.

[Jay]

Isn't that a very short term tactical decision?

When the time comes you need to exchange gold for an asset, then that day, that week, decide how best to affect the transaction. If the seller will take your gold, fine. If he wants to exchange for some specified amount of fiat currency, fine. If he wants three loaves of bread and a box of ammo, fine. Whatever works for the seller and you, at a price to which you both agree.

Even as fiat currency loses its worth as a means to store wealth, it often maintains its usefulness as a common means of exchange. Just don't get caught holding the currency for longer than it takes its real value to decline much.

Why the fuss today over what might be a spur-of-the-moment detail five or ten years from now?
Just wondering, how do you go about buying a house straight up for ounces of gold? Wouldn't you have to convert to dollars first? You would be paying taxes on the transaction right? Would the transaction be legal if straight barter?

[ThePythonicCow]

Just wondering, how do you go about buying a house straight up for ounces of gold? Wouldn't you have to convert to dollars first? You would be paying taxes on the transaction right? Would the transaction be legal if straight barter?
One will need dollars to pay taxes, yes, for the forseeable future.

The day that the IRS doesn't accept dollars, that will be the day marking the end of the U.S. as a government.

But I suppose one could pay for the house in gold (or ivory or silver or paper mache) if the seller was willing to accept such. IIRC, someone recently posted on iTulip a listing for a house for sale for 50 or 100 ounces of gold (I forget the details.)

[Master Shake]

You assume that there will be a unbacked fiat currency when it is time to sell, what if they all go kaput? Like I said, I don't think most people reading this thread are GETTING it.

You all have a false sense of a "return to normal ops" It's not.

Go read EJ's it's 1981 in reverse article again, it really does change your mindset to the approprate framework of understanding.

I don't think Mad Max is comming either. A period of intense social unrest, accompanied by haywire supply demand and market processes, while the a new financial system (really international monteary system) struggles to be born, absolutely.

Russia and Argentina didn't get mad max, but they DID have severe social and financial hardship for the bottom 90%, I see the same thing happening here.

FYI, tell your wife to lighten up and trust you a bit more.

(My wife, god bless her, has acquiesced to my allcation decisions, we're at 90%+)

I think you are on the right track, BUT, I really think it would be wise for most people following this thread to re-read "it's 1981 in reverse" and gives some real thought to what circumstances would really give reason for exchange out of gold.

As I have said, if you are planning on the indirect exchange route (e.g. metals to currency to assets), you need to re-think your exit strategy (metals to assets).

If you don't agree that's fine, but what kind of Ituliper would I be if I didn't speak my conscience while it still mattered.

(I told you so, is both a weak excuse and not very helpful AFTER the fact)

V/R

JT

I appreciate your input and admire your cojones for going "all in." I'll re-read 1981 in reverse.

[Thailandnotes]

As I have said, if you are planning on the indirect exchange route (e.g. metals to currency to assets), you need to re-think your exit strategy (metals to assets).


I have told this story here before.

I came to Thailand on the eve of the Asian Crisis. The Thai Baht was losing its value quickly and eventually became worth less than half when compared to the US dollar.

I had brought 7000 dollars in 100 dollar bills in anticipation of buying a good used car.

I found several people who wanted to sell cars I wanted, but the currency was changing so fast, up and down, that they were reluctant to sell at any price.

How are you going to switch from gold directly to assets?

The assets you want to buy had probably be ones you want to keep for a long time.

Like a farm and you're better to buy it now.

I have my money in several countries and some in gold.

If the real end game comes, we'll all get creamed.

Gold to assets vs gold to fiat to assets...

I get it, but I don't see it actually happening.

[jtabeb]

I get it, but I don't see it actually happening.

Then either I'm a false prophet and you are correct, in which case, No harm done holding onto your gold.

OR I'm have slightly better vision than you and I am correct in which case, being without gold would be a death sentence.

(Look at the people panning for gold in Zimbabwe to exchange for loaves of bread, because no merchant or trader accepts Zimbabwe Dollars anymore for transactions)

<object width="425" height="344">


<embed src="http://www.youtube.com/v/bvJNpkLxyzg&hl=en&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></object>
From a cost-benefit analysis, which do YOU think is the better choice?