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Denton, just buy a gold bar and put it in your basement safe. it only cost ~400k or so and you can hold it in one hand. of course, that would mean you can’t let visitors go down to louge around in the basement
Hey, everyone, enjoy the dog days of summer (and the cat days, too). I will be offline for a while after today. Hoepfully, there will be some more trashy brownstoner rewrites to catch up on when I return. Waiting for a good Red Hook version and perhaps Kens could do a Brighton version.
I have no clue which way gold is going. Earlier this week though I sold some gold chains I bought in HK many years ago. These are 24k and you can sell them in Chinatown for about a 10-12% fee….better than the rate you get on coins these days.
Denton,
Think commodity etf’s had a similar but less important effect. To your point, I think that any new sources of capital coming in to a market, whether via etf’s or investment banks, will have a tendency to both increase volatility and drive prices higher.
Probably stating the obvious, but oil would not have seen prices in the high $140’s and low $30’s in the same 12 months were it not for changes in the availability / commitment of capital that were not directly related to oil supply and demand.
Denton, just buy a gold bar and put it in your basement safe. it only cost ~400k or so and you can hold it in one hand. of course, that would mean you can’t let visitors go down to louge around in the basement
Hey, everyone, enjoy the dog days of summer (and the cat days, too). I will be offline for a while after today. Hoepfully, there will be some more trashy brownstoner rewrites to catch up on when I return. Waiting for a good Red Hook version and perhaps Kens could do a Brighton version.
Good luck with hari, snappy.
I have no clue which way gold is going. Earlier this week though I sold some gold chains I bought in HK many years ago. These are 24k and you can sell them in Chinatown for about a 10-12% fee….better than the rate you get on coins these days.
They just launched a Vietnam market ETF today…VNM, I this really a good idea?????
DIBS, I own IAU which seems to own the physical commodity. Not a gold bug, just seems to be a prudent hedge in these times…
“why all of sudden ETF is getting a bad rep recently? Been seeing recently a bunch of negative headlines regarding ETFs”
What DIBS said. Also because some of them have been doing a very bad job of tracking what they are supposed to track.
Denton,
Think commodity etf’s had a similar but less important effect. To your point, I think that any new sources of capital coming in to a market, whether via etf’s or investment banks, will have a tendency to both increase volatility and drive prices higher.
Probably stating the obvious, but oil would not have seen prices in the high $140’s and low $30’s in the same 12 months were it not for changes in the availability / commitment of capital that were not directly related to oil supply and demand.
Undoubtedly they discovered it in a Guizhou gay bar.
The headline reads something like: Guizhou police discover giant wa wa yu!