Thread: Gold Buying
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Old 13.10.2010, 22:32
ktm_paul ktm_paul is offline
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Re: Gold Buying

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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.



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.
An LME contract ultimately can be taken to physical delivery - thus is not a financial asset.

Central bankers got us in this mess.
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