Thread: Gold Buying
View Single Post
  #56  
Old 05.08.2010, 22:33
Cashboy Cashboy is offline
Forum Veteran
 
Join Date: Oct 2007
Location: Ticino & London
Posts: 2,013
Groaned at 171 Times in 92 Posts
Thanked 1,139 Times in 628 Posts
Cashboy has a reputation beyond reputeCashboy has a reputation beyond reputeCashboy has a reputation beyond reputeCashboy has a reputation beyond repute
Re: Gold Buying

Quote:
View Post
I still think buying metal ETFs are much easier,and less risk of holding and carrying/hiding or selling the phy. metal!

You can buy and sell in seconds on the net, and there are phys. metalls behind garantying the value, and you can even ask to have it's phys. if you want it one day.
I think that you will find that there are a lot more IOU notes for Gold than actual physical Gold.
When you lend someone money and they give you an IOU note; try giving your IOU note and ask for your money back when they haven't any money or they inform you they have gone personally bankrupt.