Quote:
Originally Posted by I-Hate-Hulse
I suppose if I ask you why, I'm going to get a big spiel on some doomsday scenario where I'm hoarding bullets and gold coins? Or that the banks are corrupt entities...that will vaporize my savings into nothingness when the Ponzi scheme that they are collapses?
If so, I'll take my chances that scenario is less likely to happen than someone breaking into my house and swiping a safe. That and it's a lot more liquid in ETF form.
If not, do tell.
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i don't like etf's because they don't hold an equal value of physical gold in their vault, compared to the amount of paper gold they sell. an etf fund might have 1,000,000 oz of gold in their vault, but might sell 2,000,000 oz of etf gold. i like my 1:1 ratios! i also don't like the stock market...but that's a whole different story.
i'm actually bigger on silver than gold, for two reasons. 1. it's easier to attain, being around $24.50 oz lately. 2. eventually, i believe the historic gold/silver ratio has to come back somewhere close to 'typical' at 12:1...it's currently 56:1, this would mean a huge value boost to silver.
i am no expert, just a guy who feels comfortable with his decisions.