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overtheedge
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Buy Gold, Lose 8% on a 6% Profit - Adrian Ash - Bullion Vault

Being an anachronism, I still hold to the concept that an investment provides a periodic return on my investment.
Therefore gold can't be an investment. It is either a trade or a savings instrument.

So is your idea better than gold as an investment?
I gotta agree though the rate of return is still minimal.
I figure roughly a 2.6% return and about 19 years to pay back the initial investment. (I used the "Law of 72" to compute it)
Maintenance costs will increase the pay back time to probably somewhere around 25 years.

Of course you are speaking of hypothetical.
I'm not. I am what Adrian Ash defines as an idiot.
Odd that a person who buys gold and takes possession is an idiot, but a person who buys a claim against gold vaulted by a third party in a foreign jurisdiction is the anti-idiot.
In the field of logic there is a thing called Argumentum ad Absurdum. Reduce the argument to the level of absurdity and see if it still makes sense.
It is the idiot that buys a month's worth of groceries and takes possession. It is the anti-idiot that buys a month's worth of groceries and keeps it in a warehouse in a foreign country.
Just a few months worth of watching the COMEX should give a person a good idea just what a warehouse receipt is really worth.
But then again, I am an idiot by Mr Ash's definition. So it might not be a good idea to argue with me as I could drag you down to my level and beat you with experience.

Commented 3127 days ago

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Beginning of the headline :Want to buy gold? If you don't hold it, you might get to make a profit...! YOU typically buy gold because you want to defend your savings, writes Adrian Ash at BullionVault. Yet many people insist on giving away 10% of their money – or more – every time they buy and sell gold coins or small bars. February 2016, for instance, has seen gold's best monthly rise since November 2008 in terms of the British Pound, rising over 14% as Sterling has sunk amid the growing Brexit crisis. That's ... Read More

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