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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129Comments
Sep 16, 2012 5:53PM
Sep 16, 2012 5:50PM
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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.

Sep 16, 2012 5:42PM
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Actually gold and silver are a good hedge against inflation. ut to all of those who would rather have those paper dollars in the bank earning .01 %  I totally understand. Most of the investment banks forecast 2000.00 an ounce gold and 50.00 an ounce silver by 2013. So if I buy 32.00 onunce of silver I have made18.00 an ounce in less than a year. Duhh.
Sep 16, 2012 5:34PM
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When the zombies finally attack, it's not going to be gold that has value, but bullets and shotgun shells!
Sep 16, 2012 5:21PM
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i wouldn't buy gold from anyone.i pan for it myself.dam sure not going to get rept off that way
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if it's some type of  end of times.....i want food & shelter. it would take too long for gold or silver to have any type of trading point or value.

oh the guy in the next town has gold let's give them all are food.......WTF
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Money (gold)......the root of all EVIL. 
Sep 16, 2012 4:52PM
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Yea, it's costly.....for everyone EXCEPT the banks.
Sep 16, 2012 4:51PM
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Knives are Falling!

Invest in Kevlar gloves.

Sep 16, 2012 4:33PM
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Let's see, in a world wide melt-down,,,,

 Which has more value, your little gold coin or a BOX of 22 ammo

Which will buy you some food or gas???

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Warren Buffett said it best, would you rather own 1 million dollars in gold, or invest that much in companys that produce a product that people need, food, water, i.e.

 

What will people seek out in a crisis, the necessities of life or more gold? How much is gold worth in a

situation where water is in short supply?

 

The price of precious metal is driven by the very people who sell it, they play the "fear" game for their own gain.  Don't play & watch the price drop to where it should be.

Sep 16, 2012 4:26PM
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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.
Sep 16, 2012 4:12PM
Sep 16, 2012 3:31PM
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Good luck trying to sell that gold and silver for anything close to what you paid for it. In any event, if you don't have it in your possession you actually own nothing.
Sep 16, 2012 3:28PM
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If you have gold bars or nuggets, even flake you can find someone to buy it without taxes or paperwork of any kind.These people in the article are kidding themselves thinking most people tell the government or bank how much they have ,who they got it from and whos buying it. 
Sep 16, 2012 3:23PM
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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.
Sep 16, 2012 3:19PM
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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.

Sep 16, 2012 3:10PM
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WTF WHAT A STUPID ARTICLE,buy lots of precious metals ,gold silver&platinum,but don't forget the "cold steel"brass,copper &lead , just buy a good safe,a good AR15 and lots of bullets ,rather have metals then toilet paper !!!
Sep 11, 2012 10:24AM
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In an economic collapse gold and silver will be worthless. If I had extra of something people need such as food, water, or ammunition I will trade it for something I need. (Not some shiny metal)
Sep 11, 2012 8:09AM
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Truthfully.  If you're interested in protecting your assets and want to give yourself some security then you should only be converting some of your cash to gold.  The rest I would spend on at least 100 cases of vodka (karkov will do) for barter purposes.  Several shotguns, rifles, and pistols with at least 1000 rounds of ammunition and shells for each.   Emergency medical supplies with antibiotics.  Water filtration equipment and sanitation, adequate supplies of long shelf life food and clothing. And a place to go when the !@# hits the fan.  If the !@# doesn't hit the fan and the world doesn't end, all of these supplies can be resold at what you paid and in the case of the firearms and ammo you might actually make money.
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