Thread: Gold Buying
View Single Post
  #53  
Old 05.08.2010, 16:30
Phil_MCR's Avatar
Phil_MCR Phil_MCR is offline
Forum Legend
 
Join Date: Oct 2009
Location: Basel
Posts: 14,555
Groaned at 281 Times in 187 Posts
Thanked 18,387 Times in 7,704 Posts
Phil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond repute
Re: Gold Buying

what you forget is that 68% of individual gold purchases are made by tin-foil hat wearers who fear gold confiscation and the meltdown of the financial system and so owning an IOU on gold makes little sense whereas owning physical gold does.
Reply With Quote