The real cost of owning gold

According to the government today we really "own"  nothing, the goverment seems to believe they can (and will) take anything and everythin if it suits their needs.  We are subjects with no rights.

Is  the "real" cost of owning gold (or silver) anything like the real cost of owning a house, a 401K, or even holding the Dollar lately?  Let's see:  If silver was just over $9.00/ounce late in 2008, and it got up to $48/ounce a year ago, before retreating to $33.63 where it is now, what is the "real" cost?  Maybe having to buy a safe or pay for somewhere else secure to store your investment, or having to drive over to your local bullion buyer to sell any of it?  Are those costs any higher than the costs of brokerage commissions and your internet service? 

Thanks, but no thanks, as silver and gold have been very, very good to me, unlike buying stocks or houses have been!!!  Who knows, maybe it will be time soon to sell some of my hard assets and buy some long-term storable food, some barbed wire and stakes, maybe some more bullets, some vegetable seed and some fertilizer, maybe a tough-shed, a water pump, a cultivator, and another generator, to go along with that brand-new 4WD truck that I just bought to tow my camper with, and head off the beaten path a ways, as the absolute worst place to get caught will be in any large city that runs substantially out of food and fuel!!!  Maybe buying-up some TP wouldn't hurt either, though I'll bet that I could get a fire-sale price on stock certificates someday soon too!!!

I started buying gold after the Democrats took over both chambers of Congress after the 2006 mid-term elections (that was when Pelosi and Reid took over). It was right around the $600/oz. mark back then, and I purchased 100 ounces. Smartest decision I have made yet. Today, as of this posting, one of those same ounces is worth $1,770. That's a 195% ROI in just six years, or an average annual return of about 33% (minus some minor relative pocket change fees). Let's see anyone's portfolio do THAT. So that kinda BLOWS AWAY any of the reasons listed here why gold isn't all that great. And some of the weenie excuses in this article are PATHETIC. Owning a GUN now is a reason to consider being against buying gold? LMAO! I've owned guns before I owned gold, and I'll continue to purchase and own guns while I continue to purchase and invest in gold. This article sounds like it was written by a bed wetting liberal. And unlike the bed wetting liberals out there who believe that my property (money) is not really mine and belongs to others, this gold is MINE. I can bury it if I want to (and I just may be forced to do just that if Obama gets re-elected). You socialist Democrats can keep your filthy paws off MY PROPERTY.

This article is pure propaganda. Wall Street and the criminal shyster banksters don't want you to own physical gold. They want you to own gold certificates and gold stock that they can sell and re-sell like they did with CDOs and derivatives. Then when you go to cash in, they are going to say "Sorry" no gold here. They will default.

If you  buy gold, take immediate possession of it and just put it some place NOT in a bank. Using a little imagination, until the crooks can read minds, any place that is a secret to you is safe from them.

In an economic collapse, the only financial instruments of worth would be gold and silver. Socrates' statement was ridiculous. This was a hit piece on buying/holding gold and silver. Most of the 13 reasons were heavily dramatized, and a good number of them were pathetic, like the "anxiety" of holding metals. Like there's no anxiety holding a 401k or stocks or bonds? Pulleeze.

I cashed out my retirement instruments in 2001 and bought gold and silver coins and silver bullion bars. I'm doing fine. I possess it. When the financial doodoo hits the oscillator, I'll have something to make a play with. Will you? And, yeah, a financial collapse is coming to a neighborhood near you. I like my chances.

I don't need a gun.  If anyone attacks me or breaks into my house, all I have to do is undress. Would scare the sh... out of anyone.

Of course you have to pay a premium above the spot price of the metal, that is the dealer's profit, and it also helps cover his costs. Don't forget, you pay a commission when you by other investments as well. Anyway, here are the questions you should ask yourself if you are considering buying gold and or silver. 1. Do you trust the government to do massive, meaningful budget cuts? 2. Do you believe the Federal Reserve looks after the best interest of the people, or the banks? 3. Do you expect inflation to rise/continue? 4. Do you expect the dollar to lose more 'buying power" {lose value due to money printing}? Personally, I don't see ANY political will by either party to cut spending. If they try, they will crash the economy. Not to mention piss off allot of people expecting their piece of the pie. The Fed is doing it's best to produce inflation, even though Ben says he isn't. He will never admit that. He also serves the Banks interest, not the general public. He is trying to force liquidity into the system {very inflationary}. Inflation is already well above what is stated, look at the price of oil, food and all commodities {core inflation}. The central banks of the world are trying to inflate their way out of this global deflation, the more it doesn't work, the more money they will print, because that is all they can do! The dollar WILL go lower. That is also what the Fed wants, so the government can pay back it's debts with cheaper dollars. Given these truths, owning metals is a no brainer. Money will flow into commodities as an inflation hedge, it has already begun {last month}. Stop listening to the paid whores of the so-called financial press. They are Wall Street concubines, and their duty is to keep you invested in their paper charade. In the face of a slowing economy, stocks are WAY overpriced. Bonds are overpriced due to QE3. OWN SOME METAL OF YOUR CHOICE. It will protect your savings down the road.

This article is just wall street trying to discourage average people from owning gold.

Gold is real money, with intrinsic value. It is expensive to mine, and to refine, and it is rare.

Money is used as a means of exchange more efficient than barter. This is why money exists.

People buy gold to protect themselves from inflation (expansion of money supply), and the erosion of purchasing power it creates.

People also buy gold when government's usurp power, create unjust laws, regulations,  and taxes.

nice attempt to scare the sheep into  getting fleeced! but having a piece of paper saying you own gold (shares, ETF,) or having someone else holding your gold for you(wink, wink)  is NOT the same as a chunk of the shiny metal (or coin shaped) in YOUR hand is NOT the same!! Freedom in America currently allows you to do so as in most of the world! IT ALWAYS has some intrinsic value. NO government can print or make it!