According to this program most all of europe's, Canada's and the USA's gold has disappeared. Speculation is that China has most of it with India not far behind. Most gold trading on the commodities markets is only either electronic or on paper with nothing to actually back it up.

I guess Fort Knox is empty?

If I bought several ounces of gold, and wanted the actual stuff, in what form would it be?

It would say it on paper. If the economy ever collasped Yout piece of paper would be the equivalent of toilet paper. If you dont have it in person What good was it buying it to keep it in some one elses vault. They own it.

Right. I wouldn't want a note. I would want the real thing. Just wonder how I would get it when I buy it? Is an ounce of gold in an ingot? I have no idea how this stuff works. I have a stock broker - I should try to remember to ask her.

Over here you can buy 1-5oz gold bullion that I know of (comes with stamped serial number and certificate of authenticity) that you can personally hold on to, but now is certainly not the time to buy gold in any form financially Gordon, Gold and Silver Prices - 100 Year Historical Chart. ;-)

Cheers.

http://www.usmint.gov/mint_programs/american_eagles/index.cfm?action=AmEagUnc

I meant as small bullion bars, http://www.perthmint.com.au/investment_bullion_bars_coins_barspage.aspx. :-)

Cheers.

In that show there was a segment where some investors have sued one of the big gold holding firms in the belief that they don't actually have the gold or silver in their possession to back up the paper they send to buyers. I would only buy gold or silver if I was able to keep it in my grubby little hands.

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Bob DeWoody

My motto: Never do today what you can put off until tomorrow as it may not be required. This no longer applies in light of current events.

According to this program most all of europe's, Canada's and the USA's gold has disappeared. Speculation is that China has most of it with India not far behind. Most gold trading on the commodities markets is only either electronic or on paper with nothing to actually back it up.

I guess Fort Knox is empty?

If I bought several ounces of gold, and wanted the actual stuff, in what form would it be?

It would say it on paper. If the economy ever collasped Yout piece of paper would be the equivalent of toilet paper. If you dont have it in person What good was it buying it to keep it in some one elses vault. They own it.

Right. I wouldn't want a note. I would want the real thing. Just wonder how I would get it when I buy it? Is an ounce of gold in an ingot? I have no idea how this stuff works. I have a stock broker - I should try to remember to ask her.

Over here you can buy 1-5oz gold bullion that I know of (comes with stamped serial number and certificate of authenticity) that you can personally hold on to, but now is certainly not the time to buy gold in any form financially Gordon, Gold and Silver Prices - 100 Year Historical Chart. ;-)

Cheers.

http://www.usmint.gov/mint_programs/american_eagles/index.cfm?action=AmEagUnc

Pretty but very expensive.

Well, http://www.usmint.gov/mint_programs/american_eagles/index.cfm?action=american_eagle_bullion are also available, but the minimum buy direct from the US mint is a bit steep, 1000 Oz in gold or platinum, 25000 Oz in silver, if you qualify.
Or you might get a 1 kilo coin here http://www.mint.ca/store/buy/kilo-coins_coins-cat730001

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There are places, one in West London I believe, that have these vending machines. http://www.gold-to-go.com/en/

Over here you can buy 1-5oz gold bullion that I know of (comes with stamped serial number and certificate of authenticity) that you can personally hold on to, but now is certainly not the time to buy gold in any form financially Gordon, Gold and Silver Prices - 100 Year Historical Chart. ;-)

Nice graph. I sorta remember the 80's having a spike in gold value like that.

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The mind is a weird and mysterious place

This is the text of the email my broker sent me yesterday:



Gordon, to buy an ounce all people, regular or otherwise (pun intended), need to buy the physical stuff, hide it somewhere safe and insure it if you have a lot as if it were expensive jewelry. That's the problem with gold. It does not pay a dividend, is a pain in the neck to store and has transaction fees and liquidity issues (ability to sell it quickly/cheaply).



We don't recommend it as an asset class because of these issues. People get excited about it because it's always in the news and small trading firms will call people on an unsolicited basis and make it sound better than life itself. What I can say is that when gold runs it runs hard, usually very quickly and if people like it at $800/oz, they are ecstatic at $1000/oz and will not part with it at $1800. Right now, the spot price is in the $1200 area and all the $1800 people are under water.



My advice is not to buy it unless you want it. It's virtually impossible for purchase and trading without trading futures, etc. which is NOT what you want to do, I'm sure.



My thought – I'm not being smart aleck here – is to hang on to your parents' wedding rings – as they have sentimental value and you can "own" them happily.



Hope this helps.

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The mind is a weird and mysterious place

One of the reasons Gold has gone up is because Federal Banks around the world have realised that in the 70's they made a big mistake and instead of buying Gold and holding it they bought shares however some time ago this thinking changed
.
Also Gold is used heaps now in Electronic's and not just jewlery.

If your buying paper Gold be very careful your not con'd into Futures and think your actually buying the Gold bullion

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Also Gold is used heaps now in Electronic's and not just jewlery.

http://geology.com/minerals/gold/uses-of-gold.shtml

One challenge with the use of gold in very small quantities in very small devices is loss of the metal from society. Nearly one billion cell phones are produced each year and most of them contain about fifty cents worth of gold. Their average lifetime is under two years and very few are currently recycled. Although the amount of gold is small in each device, their enormous numbers translate into a lot of unrecycled gold

That's 500 million dollars of unrecycled gold per year.
1 gram of gold cost 39 dollar.
12.8 metric ton wasted per year.
But not all gold from old electronics are wasted.
Rönnskärsverket Skellefteå recycle about 10 metric tons, about 775 ingots, per year.
http://www.boliden.com/Products/Gold/
http://streamio.com/api/v1/videos/4ff18bdc11581e246d000707/public_show?link=true&player_id=4c9b6854b35ea807b5000001