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Platinoid
Member since May 2012
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has posted a comment on the article :

In the land of the goldbugs who choose to be blind, the one-eyed blogger is king

- Bron Suchecki - Perth Mint

Well, small invester, what Suchecki is talking about here is the
paper-gold market. Phoney gold. Skanky gold.

1) a skanky outfit either buys, or pretends to have, some gold
2) the skanky outfit tells folks they can buy gold and hold it in their special vault creating pretend gold
3) the skanky outfit could care less about anyone who has bought their gold and sells even more pretend gold
4) the skanky owners per ounce is how many stupid people think they have bought gold from the skanky outfit vs how much real gold the skanky outfit has in their skanky vault
5) the skanky outfit has 5 ounces of gold, and has sold 25 certificates to skanky idiots whom each think they own an ounce of gold: 5:1 "owners per ounce"
6) the skanky outfit has 5 ounces of gold and has sold 400 skanky certificates to skanky idiots each whom think they own an ounce of gold: 80:1 "owners per ounce"
7) You can tell the skanks who have the vault you may want to sell your illusionary gold - they like that, the pretend gold stays pretend
8) You may want to actually have the skanks send you your gold - that hurts - it isn't actually there
9) Forget about eligible and registered: they are still just pretend paper gold stocks, you will lose all of your money, guaranteed.

10) Look, small investor, forget leveraging gold, or buying ETFs.
Buy real gold, have it sent to you.
If you can't touch it, you do not own it.
Use dollar cost averaging to take advantage of a simple risk spread idea.
Don't buy fancy old coins, you know nothing about numismatics.
Buy gold bullion gold or bullion coins, and get the darn things in your hand.
Hold at least one real gold coin in your hand long enough until it warms up dear friend!!!!!

Buy real physical metal, use a monthly buying program, and

DCA All The Way!!!

Commented 3759 days ago

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Beginning of the headline :I have a post up on the corporate blog about Comex stocks coverage (owners per ounce) talking about yet another example of the one-eyedness (a mind not open to all the data and varying interpretations) I discussed in yesterday's post. The post is a rework/expansion on this personal blog post on Comex stocks. The interesting thing to me about those bloggers who have been using Nick Laird's owners per ounce charts for registered gold and its current 80:1 ratio is that to get to that chart you h... Read More

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