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S W
Member since May 2012
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Gold : How High is High ? - Antal E. Fekete - Gold University

Great article and thank you.
Things are becoming clearer now for me.
Gold as insurance. That is the answer.
I have sometimes thought ( fleetingly) at what point would I sell. Recently I posted that i hold it simply to pass it onto my kids so the answer by default is never.
Selling it for paper is greed as pointed out but it is also, so utterly fleeting.
I could possibly swap it for something as tangible as land if that became feasible, and it may well do.

So I hold the physical and add when I can or simply feel that its a good time.
I trade the price long or short as a bit of a game.
And I carefully speculate on some mining shares that look like going up in dollar cost. Ha Ha.
NOTE TO MYSELF...i should learn about the basis.

Commented 4478 days ago

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Beginning of the headline :Now that the sound of cork-popping and other signs of celebrating the New Year, and the new record highs in the price of gold, are dying down, some questions arise the answering of which brooks no delay. How high is high? Is it the nominal price or the so-called ‘real’ price of gold that gives us a valid reading of whence we came, where we are, and whither we go? Chrysophobes have already started their dissonant chorus reminding gold bugs that the last time gold was trading at these levels, in January, 1980, it was a sign marking the onset of a bear market taking the price down by more than 75 percent, lasting over twenty years. Goldbugs take comfort in the thought that the previous peak in the price of gold was much higher in “real terms”, so that the current price is not so high... Read More

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