Thinking of buying gold bars !!

DiggerUK

Ark_Welder wrote: »

Perhaps that it took 30 years to recover that spike in real terms? Gold's 'problem' in the 80's and 90's is that there were other, better performing, assets, so it lost the popularity contest.........

I know, I know,... but what's a girl to do.

Bubble queens never point out that the printy printy that tipped us in to the current mess, also got the world's economies out of it prior to 2007.
QE, before it was known by that name, was the reason that gold was low in the 80's and 90's. The boom gave us all bigger steak to fry than gold.
Booms work against gold, busts work for it, and this bust has a long way to go yet. That means it is the time to hold, not sell.
..._

TedButler

Was that the bottom of the dip this time round? I wanted it to go below $1700 before next leg up.

hodd

I'm curious to know how liquid gold is. If someone has a few gold bars or Krugerrands knocking about, how would they actually sell them?

vax2002

Gold is the only true money in he world, always has been and always will be, however the down side is in bad times most governments have been know to steal gold from citizens and swap it for lumps of paper.

JoeCrystal

Ark_Welder wrote: »

Peaked on 21st Jan 1980 at $850.

I quickly entered that into dollar inflation calculator and got $2,428.97 in today's term. So still quite a way to go.

Geoff23

hodd wrote: »

I'm curious to know how liquid gold is. If someone has a few gold bars or Krugerrands knocking about, how would they actually sell them?

Phone a few bullion dealers and take/post them to the one who offers the best price. Avoid high street shops with "we buy gold" signs outside.

Geoff23

vax2002 wrote: »

Gold is the only true money in he world, always has been and always will be, however the down side is in bad times most governments have been know to steal gold from citizens and swap it for lumps of paper.

Is that true? Roosevelt did in the US in 1933. How many other examples are there?

hodd

I’ve asked one daft question today, so here’s another.

When ordinary folk buy one or more 100g “bars”, where would they normally store them? At today’s prices, 100g is around €4000, which isn’t a huge amount, but I wouldn’t keep €4000 cash in a desk drawer.

Lokolo

hodd wrote: »

I’ve asked one daft question today, so here’s another.

When ordinary folk buy one or more 100g “bars”, where would they normally store them? At today’s prices, 100g is around €4000, which isn’t a huge amount, but I wouldn’t keep €4000 cash in a desk drawer.

A safe./////

hodd

Anywhere else? To be fair, a lot of lower-income people could easily afford to buy a blister pack or two of gold for €4K each. They might not have a safe yet.