Thread: Gold Buying
View Single Post
  #75  
Old 19.09.2010, 13:25
Phil_MCR's Avatar
Phil_MCR Phil_MCR is offline
Forum Legend
 
Join Date: Oct 2009
Location: Basel
Posts: 14,430
Groaned at 281 Times in 187 Posts
Thanked 18,155 Times in 7,618 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

Quote:
View Post
I don't see their being a cost in keeping physical gold except ones annual Chf 32 cost for a safety deposit box in Switzerland.
opportunity cost. traditionally, if you held gold, you'd be missing on 5% return p.a. on currency and have the storage/insurance costs.

the fact that IRs have dropped to zero has made gold more attractive. together with the those fearing inflation/currency devaluation.
Reply With Quote