Thread: Gold Buying
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Old 13.10.2010, 19:58
ktm_paul ktm_paul is offline
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Re: Gold Buying

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I stopped buying gold years ago. There is no way I'd mortgage my home to buy wine (bid up anyways, esp. 2009) base metals (hitting all time highs - spreads for physical & storage - unless you're talking about financial instruments) fuel (does not store - unless you're talking about financial instruments). But each to their own.
if you would not buy gold here - why are you holding it at these prices?

I did mean exchange contracts, for example, LME copper:

http://www.lme.com/copper.asp

Note forward prices are lower than spot. So you actually get 'paid' to store it if spot prices stay constant.

However, if you think the financial system will not honour financial contracts like LME copper (which is physical delivery via warrant) then you best sell your gold and buy guns.
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