/biz/ - Business & Finance

Don't buy the gold, buy the mine.

I just picked up some HGU, am I retarded? We'll see.

Crescatt capitol has an excellent junior explorers gold etf. Peter Schaffer has a nice gold etf. Sprott has a good gold etf. There's also gdx

It's not about civil war/apocalypse etc. it's about the demand for numbers/words on screens plummeting as fast as the demand for numbers/words on paper has in previous economic collapses in history. I don't think you're a real person though because you say you bought PMs and want to use something like instavault. you're not communicating like a real person, you're communicating like someone with an agenda.

>>52980881
ETFs are fine if you're buying for price, and not for the principle of it. Its a different kind of feeling knowing you have wealth you can touch in your home, but it is a lot more expensive and riskier.

Gold is a good buy imo because its fairly low priced right now relative to the money supply, and can be bullish whether you think a recession is coming or whether you think more inflation is coming. Either way, if inflation continues, people will faith in the government's ability to control it and safe havens will rise. The same imo if the fed cuts rates. I think a lot of people will worry about inflation like in 2008. So I think either way people will want to have some gold in the next year or so.

>>52983173
Investing in the mines is a totally different investment though, its way more risky and they are stocks so there is a lot more dynamics at place, but there is a lot more profit potential. But its a much harder and riskier play.

>>52983173
a mine is a hole in the ground with a liar at the to

>>52983834
Yep my agenda is getting myself in a good place financially. Keeping gold/silver on my person or in my house? Getting scary. So I’m at the point I’m willing to pay some money to a vault with security to own a right to a hunk of the bar in there. That’s my agenda. As for what you mean by I’m not a real person I got an agenda it don’t matter to me. I’m here brainstorming on /biz for better ideas for myself. Take what you want from it or just move along I guess.

>>52980881
If you just want exposure to the price of gold because you think it will go up, sure. However, gold in an ETF doesn't offer the same "protection" as having the physical metal in your possession. If you think there's a good chance the price is manipulated by institutions selling naked furtures, then the paper gold may not be there or may not have the same price and value as physical gold. Maybe the etc has futures instead of vaulted gold, and their counterparty and can't deliver.

I prefer physical myself but I hear Kinesis is good too. I’m sure you can search it on YT to get more info.

>>52984049
>Keeping gold/silver on my person or in my house? Getting scary.
why? do you live in an apartment in a city? if you're afraid of burglaries you have other problems to attend to, like setting up a living situation where you're no longer afraid of burglaries.

>>52983931
What I’m trying to figure out about say GLD etf for example. Is it says that each share represents .09 ounce of gold or so. And that annual fees are .4% so that each share represents less ounces overtime. I don’t get it? So after like 3 years each of my shares is worth less than before in sheer ounces? If I pay the fees with cash why would it be that my number of ounces in a share depreciates? Or say I bought 100 shares and each is .09 ounce year goes by and then the annual fee is payed in ounces and I buy 100 more shares. Would the new shares represent more ounces per share than the old shares?

>>52984096
Live rural and leave door unlocked at night. You never have to worry about getting robbed and murdered. Good decent white small town farm community. Everyone has guns. Ya just never know….. all it takes is one person to decide to burgle a rural home because they know nobody locks their doors at night.

>>52984105
I'm not exactly sure how it works. I think it was initially based on 1/10th of gold spot but will decrease over time because of the fee. But the fee is not that high compared to the cost of buying and selling physical gold, especially if you aren't buying big bars of gold. It could only make sense fee wise to buy physical if you are holding for like 10+ years, before taking into account cost of the risk of theft or fraud.

>>52984135
Gold is very small. You could store hundreds of thousands of dollars worth in something the size of a shoe box. Put it somewhere hard to find.

Also, vaults with personal accounts are probably better than etfs in terms of resistance to market fuckery.

>>52984105
all the shares represent the same amount of gold, but that amount just drops slightly over time. thats why the price is slightly less than 1/10th spot now.

>>52984079
I searched it on google… interesting so it’s like bitcoin but backed by gold. I’ll bet you can’t actually convert to gold though right? And it also probably doesn’t have the extreme privacy features that monero would have. Not a BIG deal though.

>>52984184
So it’s like eventually each share would be worth .093146, then .093145, .093144…. I wish I could find out info on how fast this depreciates because if it’s still practically a gram for the next 100 years then it’s nothing to worry about I guess. But if it’s fast enough to we’re in less than a decade your looking at 1/8th an ounce that sucks.

>>52984329
Well it started in 2004 at 1/10th spot. So its about 0.092 now. So -7-8% after 18 years. which is inline with what you'd expect based on its expense ratio.

>>52984329
also remember gold itself has a supply inflation of a few % due to mining. So you're losing a lot more on supply inflation than the ETF fee. Gold is a hedge or for speculation, its not a long term profit generating asset.

>>52984925
>>52984955
So in 18 more years it’ll be about .86. Eh by then a new fresh etf would come up by then I imagine if that worries me.

>>52984251
You can convert gold & silver for delivery, I’ve heard from people who have done so

>>52986043
Yea that’s very nice. Bitcoin but like a vault gold version of it. Very nice.