Thread: Gold Buying
View Single Post
  #156  
Old 13.10.2010, 21:43
carver's Avatar
carver carver is offline
Senior Member
 
Join Date: Dec 2007
Location: GB-CH moitié-moitié
Posts: 396
Groaned at 4 Times in 4 Posts
Thanked 142 Times in 105 Posts
carver is considered knowledgeablecarver is considered knowledgeablecarver is considered knowledgeable
Re: Gold Buying

Quote:
View Post
Not sure why you would define LME copper as a financial asset. Certainly not my understanding. If you hold it to expiry they will give you the copper in a warehouse.
N.B. I said an LME contract. I didn't realise that you were advocating taking delivery. Not something I'd mortgage my home for either.

Quote:
View Post
PS your implied negative comment about anonymous poster was uncalled for - I simply asked you to explain how it is a default or catastrophe hedge. you replied because others think it is...ironic.
You are an anonymous poster - I was merely saying that I personally weight the views of all the central bankers of the world over yours. One could describe their view of gold as default/catastrophe insurance, or gold as money, as anachronistic or even delusional.

That doesn't really matter. These views have been in place for thousands of years and seem highly unlikely to change in the immediate future.
Reply With Quote