Thread: Gold Buying
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Old 13.10.2010, 20:39
ktm_paul ktm_paul is offline
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Re: Gold Buying

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But in post #135 on the previous page you said "note I said (useful) 'things' rather than (financial) assets". It appears that you did mean financial assets.

Gold isn't a buy for me personally, it's a hold. If it doubles again, it'll probably be a sell.

Your last sentence doesn't make a great deal of sense to me. One of the properties of (physical) gold is default & catastrophe insurance. That's why central bankers own hundreds of tonnes of the stuff. There's plenty of guns in switzerland anyway.
LME copper isnt a financial asset - it is a commodity.

http://highered.mcgraw-hill.com/site.../glossary.html

how is a property of gold to be default or catastrophe insurance? that is my original point - it is only because others think it is. at the end of the day - it have very little utility and thus inherent value.
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