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<p>[QUOTE="ToughCOINS, post: 4507756, member: 20480"]While not eager to be willfully left in the dust, I am not a self-professed goldbug either. I maintain more dollars in non-gold inventory than in gold, and strike an appropriate balance in cash, real estate and A 401k account as well.</p><p><br /></p><p>Yes, premiums are high. Contracts on gold outstrip physical supply by orders of magnitude. Investors in the options markets are playing musical chairs with tremendous financial consequences.</p><p><br /></p><p>Why will the consequences be so great, you might ask? Because when the music stops, the number of chairs missing will be many more than just one. This is about much more than just having to pay a high premium to satisfy delivery contracts. It’s about having to do so at a time when gold will increasingly be viewed as the ONLY reliable store of value, and will enjoy demand it has not seen in 100 years.</p><p><br /></p><p>For those who desire to be protected when the time comes, you would be wise to consider that the premium paid to obtain that protection now pales when compared to the downside of being unable to have that protection at all.[/QUOTE]</p><p><br /></p>
[QUOTE="ToughCOINS, post: 4507756, member: 20480"]While not eager to be willfully left in the dust, I am not a self-professed goldbug either. I maintain more dollars in non-gold inventory than in gold, and strike an appropriate balance in cash, real estate and A 401k account as well. Yes, premiums are high. Contracts on gold outstrip physical supply by orders of magnitude. Investors in the options markets are playing musical chairs with tremendous financial consequences. Why will the consequences be so great, you might ask? Because when the music stops, the number of chairs missing will be many more than just one. This is about much more than just having to pay a high premium to satisfy delivery contracts. It’s about having to do so at a time when gold will increasingly be viewed as the ONLY reliable store of value, and will enjoy demand it has not seen in 100 years. For those who desire to be protected when the time comes, you would be wise to consider that the premium paid to obtain that protection now pales when compared to the downside of being unable to have that protection at all.[/QUOTE]
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