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.

 of 13
 of 13

VIDEO ON MSN MONEY

129Comments
Sep 11, 2012 3:30AM
avatar
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
avatar

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

Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

MARKET UPDATE

NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.
NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.
Market index data delayed by 15 minutes

[BRIEFING.COM] At midday, the major averages hover just below their best levels of the session. The Nasdaq (+0.8%) leads, while the S&P 500 trades higher by 0.7% with all ten sectors showing gains.

The stock market began the session on a modestly higher note after overnight action did little to upset the sentiment. China reported its Q1 GDP, but the announcement was a bit of a mixed bag as the annualized reading of 7.4% beat estimates (7.3%), while the quarter-over-quarter growth of ... More


Currencies

NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.
Sponsored by:

RECENT QUOTES

WATCHLIST

Symbol
Last
Change
Shares
Quotes delayed at least 15 min
Sponsored by: