All these people in TV buying Gold. What’s up with it?
Huang Zhong asked:
Is there a conspiracy?
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Is there a conspiracy?
Because the US economy is not backed by the Gold Standard. So are they buying all this gold, because other countries do have that?
Is having all this gold gonna make them “royalty” in Europe? Or something?
Oh. That’s interesting.
Did not know that.
So there’s no conspiracy?
June 25th, 2009 at 6:57 pm
Gold is generally regarded as an inflation hedge.
however, buying gold presents a whole bunch of problems:
You have to store it somewhere, away from thieves and natural disasters.
The gold is NOT insured by FDIC or anyone else, unless you buy insurance, which will cost you.
People may not accept a big bar of gold for things ( if you try to buy anything with it ); they cannot make change!
The gold you buy has to be professionally appraised - again costing you money.
Finally, and this is important - the government may at any time declare that the hoarding of gold is illegal and confiscate everything you have. It has happened before in some countries.
The way to make profit in gold is NOT to buy and hold the metal, but to sell it to another person for a higher amount of cash.
June 26th, 2009 at 11:02 pm
It’s cheap to advertise on TV, now; 2. It’s more cost-effective, because there are more people than ever willing to part with jewelry. It isn’t … I thought about it too and wondered why they’re sooooooo eager to buy peoples gold.
June 27th, 2009 at 3:58 am
It is not at all a conspiracy GOLD gives you the best value of your heard earned money … It has immense value …
Regards,