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So now have to rely on the paper trail to prove my order in the future. Better to be 2 years early than a day late. This week is showing that to be true.
Maybe a silly question, but Kenmb when you buy gold on paper does it have to physically exist and who pays the storage of it? Physically storing 100 oz gold bars is not too bad compared to silver.
 

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Buying paper gold is like buying corn on the board, it ain't there.
ok that makes sense cptusa. I was also wondering, can a broker issue puts and calls on paper gold or silver for you ? Might be a great time to buy a short dated put on gold before the economy recovers.?" IF "
 

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Metals and land are both assets. One is more portable is all. But they both move according to currency debasement - what economists call inflation which actually means inflation of the currency supply. That's why talking metals with farmers doesn't need much attention because farmers should have lots of assets unless the bank has the biggest claim. And the bank poses a counter party risk in this arrangement because the bank can potentially call in the loan. Don't know how likely that is to happen but let's just say it is a possible risk.

Regardless, an asset will rise in price during inflationary times and drop in price during deflationary times. But it is still the same asset. That is where people get tripped up. I do too. If 100 gold coins buy 100 acres it will do that in 1985 with gold at $300 and in 2020 with gold at $1600. Because the land went up in price too. You compare asset to asset, not asset to dollar then to dollar and back to asset.

Gold on paper is the entire futures scam in a nutshell. You know, futures we sell our grain with because it is "price discovery". If you can keep buying paper gold how is that representing the physical gold? If more and more contracts are issued yet the same amount of gold is mined per year what do you think are the chances of getting paper redeemed for gold? About none. Infact, places like Lmba have it written that it is their choice to settle in currency instead of the commodity. Just like grain.

So you can buy paper. But you won't get gold. But you are told your paper is a representation of gold without being tied to gold in any real way. I held some gold in a mutual fund till I realized I was paying a 2% yearly fee for that privilege and no access to it and not owning it.

There are some places where you can buy gold and they will store it for you. Of course the same question is how do you know it is your gold or if someone else will have a claim too. It's not supposed to happen but the only way to be 100% sure is for it to be in your possession.

So there are lots of options to owning gold. And lots of reasons. But it all boils down to:
1) if you don't possess it you can't prove you own it.
2) it is an asset. The currency figure attached to that asset varies according to the currency supply but the asset always maintains its value. A bushel of grain will feed an animal the same amount whether its price is $2 or $25.
 

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Yes, that is part of the secret of how money works (not currency) . If you were Australian and started putting some of your savings into gold in 2018 you are looking like a financial genius right now. But anytime over the last 20 years was good too.

I am wondering how much paper gold is being bought right now. The price drop was because of paper being sold. Demand for physical is probably at levels never seen before. If paper demand is low, and that sets market price via futures, does that mean there is a false signal between supply and demand? I would think so. How does that get resolved and what happens? It was said by many people that the first breakdown in the financial system, driven by the futures trading scam, would show up in metals. If that is indeed what we are seeing then we need to consider things may look very different when we get to the other side.
 

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Discussion Starter #32
Tks for past posts. Should of grasped a year ago. But it is the long haul I am in for. Just getting unsured about putting money in bank. Never understood before
 

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I wish I understood 20 years ago. I keep talking about how we are programmed on how to think. Gold is another example. I have two financial planners and neither will touch metals. "it's too volatile". Look at those graphs one more time and find the volatility in gold and then compare to playing the stock market casino. Each month I understand things a little more, even as I post. It is definitely not something a guy grasps in a matter of a day. It is fairly obvious what is reality but the de-programming is intensive. It's easy to flip back into talking $s and then forgetting the big picture that dollars are tied to currency supply and so changes. Keeping people unaware of the currency debasement is a key point of how things operate right now. I could give many examples of that at work. Need for government to raise minimum wage is an example. Government to solve a problem that is because of the monetary system. No one mentions the root cause of why the minimum wage does not purchase as much as it once did. It's all by design. The matrix is large.
 

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Hey Stevie, just an FYI in case you are worried about your order. I got an order from Silvergoldbull.ca being shipped this week and another shipping Monday. These orders were placed around March 15 and confirmed before the 20th. A friend also has received his order placed around March 12th. So, as of today, the orders in the pipeline are being completed but it is slow.
 

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Discussion Starter #35
Tks Got my order. As an aside
.https://canadianbullion.ca/
Still have one coming from them. Quite a difference in price on gold bars, 10 oz., between the 2. Looks like basis.Locking in your profit when you buy. Trust it will be coming.

24784 vs 26331 Trusting they are the same quality.
 
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