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 Replies: 35 / Views: 3,983 |
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Pillar of the Community
United Kingdom
616 Posts |
I have a little physical gold but have also bought paper gold (SGOL). Anyone else buying paper gold?
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Pillar of the Community
Canada
834 Posts |
I play the paper market too in the metals part ofy portfolio I'm currently holding
7890 SLV
6734 IAU
3585 GLD
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Pillar of the Community
Japan
666 Posts |
the only paper I have is fiat ... no electronic BS, no shares, no certificates ...
they can fool someone else this time
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Pillar of the Community
United States
4008 Posts |
Yes, I bought 100 shares of SGOL when it dipped to around $1680 a couple of weeks ago. I wanted my wife to buy some physical gold but got nowhere with that. I do manage her IRA, though, so bought shares of the SGOL ETF for her IRA and got nary a whimper out of her.  SGOL is good for trading in that it can be bought and sold quickly with just a few mouse clicks, doesn't need to be stored, and burglars cannot just come in and grab it. I like the fact that it is 100% backed by gold, is audited independently, and their vault is in Switzerland. I'm not saying that it is fully equivalent to physical gold because it isn't but it does have some advantages. Besides... there is no law in PM-land that says one can only invest in PMs in one way.  |
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Pillar of the Community
United States
5856 Posts |
Does this count?  |
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Pillar of the Community
United States
830 Posts |
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Pillar of the Community
United States
1450 Posts |
Nope,I wouldn't touch the stuff!
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Pillar of the Community
United States
3184 Posts |
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Pillar of the Community
United States
5832 Posts |
Tocqueville Gold (TGLDX)
That's what I have, and aren't doing good for the time, may have to take a loss in the future.
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Pillar of the Community
United States
5832 Posts |
Is that yours Barry?
I like your taste in collecting! LOL...
Edited by macmercury
12/02/2012 4:11 pm
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Valued Member
United States
148 Posts |
A commodities basket as 10% of my IRA, Gold is included in that among other things.
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Bedrock of the Community
13014 Posts |
I dont personally own paper gold but for investments that is the way to go. Like Ed said you can sell a lot easier and also set automatic sale prices so theres a lot less risk involved
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Pillar of the Community
United States
4008 Posts |
That's right, BB. I made over $2500 investing in the SIVR silver ETF when silver went from $26 and change to $34, cashed it out, added a bit of my own money to it and bought 75 silver Maples with the profits. That's real phyzz that I would not have had without these investing earnings. This money is in an IRA, so taking it out can be done but I usually don't except for scheduled withdrawals. I do a "trade" with myself by making money in the IRA and then using non-IRA money to make the actual silver buy. I also add a note to my investing ledger that the IRA "owes" my non-IRA account $XXXX and settle that when my quarterly distribution comes. |
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Pillar of the Community
United States
830 Posts |
Quote:
A commodities basket as 10% of my IRA, Gold is included in that among other things. DBC? |
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Pillar of the Community
United States
5856 Posts |
Quote:
Is that yours Barry? Yep! Picked it up last month at a coin show. |
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Pillar of the Community
United States
830 Posts |
Quote:
Yep! Picked it up last month at a coin show. What is something like that worth? |
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Replies: 35 / Views: 3,983 |
Posted 11/28/2012 6:20 pm
