A Question for Gold and Silver Investors

[Yavin4]

I have a question for the folks that invest in Gold and Silver. When you're making your investments, are you taking physical possession of the metals? Are they under your direct control or some third party's control?

As I see it, if you don't have physical possession of the metals, then your investments are worthless. Gold and silver's true values are derived from a lack or trust or faith in the currency. If there is a currency collapse, that would mean that everyone NOT possessing gold and silver would become destitute, and the destitute would include the govt and the military. Do you think that a destitute government and military is going to stand by and let you calmy collect your metals from a 3rd party source?

Heck, even if you physically possess the metals, how will you be able to use them?

[Taverner]

1. I am not an investor, but you can

depends on the investment co


Personally, I would want the gold, not a gold certificate, if I spent that kind of money

I've always wanted a bunch of Gold Kreugerrands - just to say I had them.

[DrDan]

2. you might try the Personal Investing forum - there are some

metal investors there.

I invested in Silver several years ago. I have the silver (coins) - keep it in a safe deposit box.

[upi402]

3. I have a little

Bank safe deposit box is possesion in fact. You can sell on craigslist (public meeting) or on ebay. You don't need Wall Street firms or Banksters to buy and sell gold. Th Underground is free and it's safer than money in the bank.

[Po_d Mainiac]

4. Hold the physical.

There is plenty written about the market manipulations by JPM, HSBC etc. putting major pressure on the upward price movement.

Over time the disconnect between the ponzi paper and the availability of hard metal will expose the fraud, since the CFTC has shown it lacks the nads to regulate..Other than Bart Chilton. Good insight in below link

http://www.zerohedge.com/article/guest-post-jp-morgan-wins-cftc-position-limits-do-not-apply-them

[Art_from_Ark]

5. By all means, take physical possession

and store it in a secure place.

[Art_from_Ark]

6. If you physically possess the metals

you can sell them to a dealer. A total currency collapse, like the kind seen in Zimbabwe, is unlikely in my opinion because of the chaos that would ensue. A more likely scenario is just a continued, managed erosion of the buying power of the dollar. Today's dollar, for example, has only 18% of the purchasing power of a dollar in 1970, even less for things like college tuition, gasoline, and health care.

[upi402]

8. Do you think a smaller scale collapse... Argentina style

could happen here? Hyper inflation/currency devaluation?

[Art_from_Ark]

9. The US has been in a rather fortunate position

in that it has the world's reserve currency, which creates automatic demand for it worldwide and helps to maintain some level of value. If the US were practically any other country in the world, I think it would have seen severer devaluation with the economic policies that it has been pursuing.

Argentina had military dictatorships, political instability and high-level corruption that compounded its economic problems. Back in the '70s and '80s, I knew a woman from Argentina who was a big gold bug because of what she experienced in that country. She kept telling me that the US was headed that way as well. If we lose our reserve currency status, we could very well end up with hyperinflation. I certainly hope not, especially after hearing her horror stories about hyperinflation in Argentina. But after watching a slow-motion free-fall for the last 40+ years, I have little doubt that the buying power of the dollar will continue to erode.

[OllieLotte]

7. I own mostly gold stocks but have some coins.

I do not own one of the funds that claim they have have actual gold or silver.