Gold baby yeah!

[rusvik]

That most beautiful and valuable of all substances:

It just so happens that in my evergoing pursuit of diversifying my new-rich money I am thinking of buying some gold, since it can be stored away in a vault somewhere or in your backyard as a security stash. However, as great as gold is, what is the current outlook? There's no doubt this isn't the best time to buy (that would be 10 years ago), but is there a significant risk of a gold bust? I've heard that the price of gold is inflated due to overselling of physical reserves via ETFs. Is this true? Also, does gold have to be registered and can you legally carry it over borders? Can the gov rip out my gold teehth if they please?

Basically, how does one go about buying gold?

 

[wayn3]

There's no doubt this isn't the best time to buy (that would be 10 years ago), but is there a significant risk of a gold bust?

Depends on who you ask. Keynesians say yes. More intelligent people will tell you that gold doesnt really change that much in value. Its more like the rise in gold represents the rapid devaluation of the major currencies. If you buy into measuring somethings value by reading its dollar price, then yes, theres risk of a bust.

I've heard that the price of gold is inflated due to overselling of physical reserves via ETFs. Is this true?

ETFs are options. ETFs can change the price of gold as much as you betting on red can change the probability that the roulette ball lands on a black number.

If anything, overselling (increasing the supply) would keep the price of gold artificially down, which is the common conspiracy theory.

If you want to "invest in gold", dont buy gold etfs. they are worth nothing. pure gambling tools. if the doomsday scenarios hit (the times when you want to rely on your gold), nobody will give a shit about a piece of digital paper you own saying youre entitled some amount of gold.

Also, does gold have to be registered and can you legally carry it over borders? Can the gov rip out my gold teehth if they please?

You can carry it legally over borders as long as you keep the amount marginal enough. Theres nothing wrong per se with owning gold, but they can and will just make some crap up and confiscate it. or label you one of those sovereign citizens (terrorists) and ship you over to guantanamo.

Basically, how does one go about buying gold?

carefully. you can get solid gold jewelry that is a tiny bit more under the radar than running around with gold bars.

 

[moolamoola]

Send me the gold. Send it all.

 

[hehejo]

Now is the best time to buy. You can't buy in the past and I don't see the inflation stopping any time soon.

 

[efeezy]

 

[lukep]

Like hehejo said, NOW is always the smartest time to buy these days.

Gold is great against the dollar of course, but Silver is due for a more rapid increase than gold is too... Plus it comes in smaller-worth-sized-chunks to it could actually be spendable if shit hits the fan.

Where to buy? Now where did I leave my APMEX affiliate link...