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  • #1

    Paper Gold or Gold?

    For some one who is reasonably new to this. I'm 25 years with a modest amount of money, so I bought in to this KaPoom theory, at least the Ka part, have my money in US Dollars, Yen, T Bills and Gold. (the Swedish Krona is my local currency) All well I guess, even Gold is up against the Krona.

    So now I guess one should prepare for the Poom part. Where gold seems to be the best bet. Now there is all his talk about holding gold physical contrary to paper. So what is paper gold? I have some larger miners, is that paper gold? (they are down horribly btw) I have some ETF, is that paper? (they are up) I read about them, Central Fund of Canada, SPDR Gold Trust. They all seem to have gold stored physically. So I really don't get what's the problem (apart from this talk about confiscation, but I guess that would be well in to the future). Buying gold physically would be inconvenient with my modest amount of money circa $130.000 since you only can buy it in amounts of 1 kilo in Sweden. And then there is of course the part of keeping it some where.

    So the question really is, whats the problem with buying gold through ETF's? Why is this not a satisfactory way of having some of your money in gold?
    Tags: None
  • #2
    Re: Paper Gold or Gold?

    Originally posted by Idiot Savant View Post
    Why is this not a satisfactory way of having some of your money in gold?
    Who do you trust? Why? How Far?

    Asks these questions of yourself and find what you are comfortable with.

    My answers of these questions you have probabally gleaned from my posts.

    (It's a personal decision, but I think the reasons behind it benifit physical gold possession)

    V/R

    JT

    Comment

    • #3
      Re: Paper Gold or Gold?

      Originally posted by jtabeb View Post

      (It's a personal decision, but I think the reasons behind it benifit physical gold possession)

      V/R

      JT
      Well, there's some theories about gold market manipulation which keeps paper gold (comex futures contracts, ETFs) low in price as compared to the genuine article - physical gold - that's more expensive in smaller denominations.

      I don't know if stocks in mining companies are 'paper gold', to me they are just stocks.

      there was a lot of talk about comex defaulting sometime this month, anyone been tracking that?

      Comment

      • #4
        Re: Paper Gold or Gold?

        Thank you both for your input, still not sure what to do though. It's the inconvenience of buying physical gold with 20% of all my money at the same time that stops me. But I guess I will do it any way.

        Comment

        • #5
          Re: Paper Gold or Gold?

          Idiot Savant - Here is the difference between paper gold and silver, and "metal" gold and silver. It's a matter of price.

          Originally posted by Idiot Savant View Post
          Thank you both for your input, still not sure what to do though. It's the inconvenience of buying physical gold with 20% of all my money at the same time that stops me. But I guess I will do it any way.
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          • #6
            Re: Paper Gold or Gold?

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            • #7
              Re: Paper Gold or Gold?

              Originally posted by Idiot Savant View Post
              For some one who is reasonably new to this. I'm 25 years with a modest amount of money, so I bought in to this KaPoom theory, at least the Ka part, have my money in US Dollars, Yen, T Bills and Gold. (the Swedish Krona is my local currency) All well I guess, even Gold is up against the Krona.

              So now I guess one should prepare for the Poom part. Where gold seems to be the best bet. Now there is all his talk about holding gold physical contrary to paper. So what is paper gold? I have some larger miners, is that paper gold? (they are down horribly btw) I have some ETF, is that paper? (they are up) I read about them, Central Fund of Canada, SPDR Gold Trust. They all seem to have gold stored physically. So I really don't get what's the problem (apart from this talk about confiscation, but I guess that would be well in to the future). Buying gold physically would be inconvenient with my modest amount of money circa $130.000 since you only can buy it in amounts of 1 kilo in Sweden. And then there is of course the part of keeping it some where.

              So the question really is, whats the problem with buying gold through ETF's? Why is this not a satisfactory way of having some of your money in gold?
              "Paper Gold" is an inherent contradiction in terms. Gold is hard shiny stuff. Paper is soft flat stuff.

              That said, the answer to your question is another question. What do you want it for? Holding or trading? Use the real thing for the former, ETFs for the latter.

              Why not have some of both? Some folks make it sound like you have to choose one or the other, but that's a false dilemma. Hold a core position of physical for security and privacy, and a swing position in an ETF or pool account. The former lets you sleep, the latter to adjust your position for portfolio allocating as market conditions warrant.

              Mining stock is something else altogether. It is NOT a form of gold, it is a form of stock. If you think the stock market is headed down, why you want to buy stocks?
              Finster
              ...

              Comment

              • #8
                Re: Paper Gold or Gold?

                Thank you for your answer, well that is basicaly what I have chosen to do. Interesting that there seems to be a consensus about gold in the real market being more expensive than when you buy it in ETF:s. That is NOT the case in Sweden, here they sell gold at the market price, no more, no less.

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