The real cost of owning gold

For some investors, nothing captivates like gold. But ownership comes with considerations that don't encumber other asset classes.

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Sep 11, 2012 3:30AM
i have a couple of silver bullion bars and a couple of gold bullion bars I store in a free safety deposit box at a bank that gives me the free box as a perk for the kind of account I have. I would have and always have had a safety deposit box for the storage of passport and other irreplaceable things. It's in the cost of living for me. It's only $50 a year if I paid for it. I also own some substantial shares of the ETF mentioned in the article. I am leaning toward the case with everyone else, that stock certificates will be worthless . I don't trust that the ETF's keep a 1-1 ratio of the bullion they own and the shares they sell. I am inclined to cash them in and get the physical gold. I  bought these well before the 2008 financial collapse. They are worth much more now and my trust level is 0%. My fear is the banks not letting us have access to our boxes at some point so the government can come get all the precios metal out. I %^$#@*&^ HATE the greedy &^%$^&% politicians that have mismanaged this economy so much and allowed this to all happen. I watch the military channel and it astounds me how much was accomplished in 4 years in this country during WW11. You know 1/2 of congress volunteered to go into the service to fight along with movie stars. I gotta call it like I see it and I agree with everyone else this whole situation sucks and it will be barter. I hate to get into this survival mode now when I'm 42 years old but it seems at the least secure your wealth as a practical matter. So I guess when they decide to start printing money again this week I'll be watching carefully when to sell my ETF's before it's to late. What the ^%*&#@* has happened?
Sep 11, 2012 12:15AM

iF GOLD DOES GO UP TO 10 OR 20000 PER OZ. The government is going to have a hard time confiscating it... This is not 1933, people today do not respect the government and will never trade in their gold to a government that is incapable of managing it's finances.

Sep 10, 2012 11:34PM
I bought gold bewteen 800-850 and silver at 14.50. I don't care WHAT this guy says...
Sep 10, 2012 10:04PM
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!!!

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