Great article. Don't keep too much at home..Store it. I really don't care for Paper gold, I like the real thing. I'm a long time Gold, Silver and other precious metal holder. My only fear is the Government could come knocking at your door one day. Unfortunately, that's life.
By what standard do you judge that advance of gold from 2015 to its current level has anticipated the current level of inflation by my standard which includes a commodity index dating back to 1930 when gold was $20.67 has advanced to 10,000 this month versus 100 in 1930 by that standard gold is selling at a discount in inflation adjusted terms
Damn you Bill! Always spewing blunt possibilities and ruining my day. Kidding! Many new readers, and clearly the rest of the investment world, don't carefully consider the dangerous realities of investing. It's taken me years to fully grasp the complexities. Unlike most of the elites, I think the Bonner guys didn't get rich by flattery, deceit, cheating and stealing. Good on em.
Great article of Bill, he really explain the difference of holding gold in a safe or having gold in an account like me . He is right if guys like me wanted to exchange the gold in account to physical , the price would explode . Now , and I hope I am right as no pass track record , the next real crise what ever that mean Bill , who knows what fiduciary gold or physical gold price difference will be . Till now “ no difference “ 1980 inflation. Same price. , 1987 no difference, 1997 Mexico - Russia , LTCM , encore no difference, 2001 no difference , 2008 neither , Covid ... niet .... but I agree better physical than fiduciary... but here in the chocolate country you pay VAT and a AGIO all together 10-12 % higher than spot price ... last thing I don’t thing that gold is an insurance ag inflation it s just a much better place than “ fiat money “ back nothing ....
But again great article to explain the difference between physical gold and fiduciary ( or account ) gold 👍
Good explanation why gold just sits and holds steady. No pressure. The paper is taking care of the value of the contract. The Bible says in Ezekiel 7-19 that "they will cast their gold into the streets." Most probably have not reached that point yet. Just sayin'
Aren’t you discounting that desperate governments do desperate things, like when FDR confiscated all the gold in private hands? The world is in greater difficulty now than ever before, it has printed fiat currencies to infinity, and the only thing left to confiscate is gold. What’s our Plan B?
I just re-read the transcript from the interview with Jim Rickards. He mentions estimates of 100 to 1, paper to actual gold, not the 10 to 1 Bill uses. A substantial difference. I wonder who is closer.
But thanks, Bill for addressing the topic. Do you suppose that any governments might be using this leverage in order to manipulate the price of gold, for whatever reasons?
Great article. Don't keep too much at home..Store it. I really don't care for Paper gold, I like the real thing. I'm a long time Gold, Silver and other precious metal holder. My only fear is the Government could come knocking at your door one day. Unfortunately, that's life.
By what standard do you judge that advance of gold from 2015 to its current level has anticipated the current level of inflation by my standard which includes a commodity index dating back to 1930 when gold was $20.67 has advanced to 10,000 this month versus 100 in 1930 by that standard gold is selling at a discount in inflation adjusted terms
Damn you Bill! Always spewing blunt possibilities and ruining my day. Kidding! Many new readers, and clearly the rest of the investment world, don't carefully consider the dangerous realities of investing. It's taken me years to fully grasp the complexities. Unlike most of the elites, I think the Bonner guys didn't get rich by flattery, deceit, cheating and stealing. Good on em.
No comment, just a question. Does this hold for silver as well? Thanks
Great article of Bill, he really explain the difference of holding gold in a safe or having gold in an account like me . He is right if guys like me wanted to exchange the gold in account to physical , the price would explode . Now , and I hope I am right as no pass track record , the next real crise what ever that mean Bill , who knows what fiduciary gold or physical gold price difference will be . Till now “ no difference “ 1980 inflation. Same price. , 1987 no difference, 1997 Mexico - Russia , LTCM , encore no difference, 2001 no difference , 2008 neither , Covid ... niet .... but I agree better physical than fiduciary... but here in the chocolate country you pay VAT and a AGIO all together 10-12 % higher than spot price ... last thing I don’t thing that gold is an insurance ag inflation it s just a much better place than “ fiat money “ back nothing ....
But again great article to explain the difference between physical gold and fiduciary ( or account ) gold 👍
Good explanation why gold just sits and holds steady. No pressure. The paper is taking care of the value of the contract. The Bible says in Ezekiel 7-19 that "they will cast their gold into the streets." Most probably have not reached that point yet. Just sayin'
Don Harrell
And Fisher Investments says avoid gold. They also say we’ve bottomed and it’s time to get in equities 100%
So just how do I take 2.5mil in a 401(k) and hold physical gold?
Aren’t you discounting that desperate governments do desperate things, like when FDR confiscated all the gold in private hands? The world is in greater difficulty now than ever before, it has printed fiat currencies to infinity, and the only thing left to confiscate is gold. What’s our Plan B?
Great letter as always.One more thing about physical gold.It doesn`t burn (easily).
As a kid we were told "paper is patient,you can make it say anything" and if you don`t like what it says ,you can always burn it.
I just re-read the transcript from the interview with Jim Rickards. He mentions estimates of 100 to 1, paper to actual gold, not the 10 to 1 Bill uses. A substantial difference. I wonder who is closer.
But thanks, Bill for addressing the topic. Do you suppose that any governments might be using this leverage in order to manipulate the price of gold, for whatever reasons?