Replies to post #7960 on GOLDBUGS AMEX Goldbugs Index (GOLD)

[sojourner]

al44: Nice article. This part got me going: "Some analysts say that while it may be romantic to buy bars of gold, there is a far more practical way to investing in gold. Investors can buy Exchange Traded Funds, which are like shares – they trade on the stock market – and they are directly linked to the price of gold.

"It's (ETF) lot easier to sell than the gold you keep in your sock drawer," he said. (end)

Notwithstanding the question of whether gold ETFs are safe or cleverly fictive forms of gold ownership, ease of selling an ETF can itself be a problem. Bob Chapman, Doug Casey and others have raised the obvious though oft overlooked point that an investor, driven by errant impulse or passing emotion, is far more likely to sell his/her gold ETF than the physical metal. Sells of physical are deliberate and thoughtful acts. Inertia tends to keep an investor in solid with physical gold and prepared for inevitable day of reckoning vis a vis the Fiat Paper Empire. Romance, phooey! In this day and age, a click of the mouse could lead to years of regret.


http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3123775/Financial-Crisis-Rush-for-gold-as-savers-queue-for-bullion.html

[Picassa]

Here in Belgium most of Gold resellers are out of stock.

I bought just before the rush.

Everybody here expect 2000$/once in 2009 and 5000$/once in 2012