I agree that this happens with common stocks, but maybe not for a commodity.
Ruben may be having problems recovering from hurricane Sandy.
This more or less happened in the 70s and surprised the analysts who were trained to believe higher prices would bring more gold to market....
Everyone has to decide for themselves what they are comfortable with.
And each of those alternatives have their own problems.
And those boxes, if kept at home, are vulnerable to theft, fire, hurricane, flood, etc... as I mentioned.
I'm okay with storing PMs in a safe deposit box. Many people here and elsewhere are not, and prefer to keep their coins "safe" at home. That's...
If only there was a way to save that post for future reference. :devil:
Well, naturally it is preferable to be able to get by without the demonstrations. So the hedge fund managers pay no taxes as long as they take...
The strange thing is that it is the 1% and corporations that continuously pursues class warfare and only cries foul when the 99% do the same.
I think it is a mistake/blind spot to rule out some sort of default, which is an outcome at least as likely as the others; possibly more.
The US Mint should hire them. Maybe the quality would improve. :devil:
I like and own CEF, which works better in a tax deferred account because it is a PFIC.
And the biggest disadvantage is the threat of theft, flood and fire as some NY and NJ victims of Sandy probably found out.
I just think a lot of funds don't want the problems that go with gold. Stocks are easier. Also, many funds probably aren't allowed to own gold...
I don't think anybody misconstrued Morgan's quote, which is widely known. I think they just consider it outdated thinking.
I think Morgan was probably having a good time. One must also caution that Morgan's ideas were in the process of becomming obsolete at the time...
Ted Butler has posted columns from his friend [I forget his name] who also believes the price of silver will exceed the price of gold. This seems...
Who's on first? The takaway is that money was and can be a commodity, particularly gold. I would never dispute that gold and silver can be...
I think Butler has made some excellent short term calls for traders, but his manipulation theories don't have much evidence to support them.
Separate names with a comma.
