Quote:
Originally Posted by rusvik
There's no doubt this isn't the best time to buy (that would be 10 years ago), but is there a significant risk of a gold bust?
|
Depends on who you ask. Keynesians say yes. More intelligent people will tell you that gold doesnt really change that much in value. Its more like the rise in gold represents the rapid devaluation of the major currencies. If you buy into measuring somethings value by reading its dollar price, then yes, theres risk of a bust.
Quote:
Originally Posted by rusvik
I've heard that the price of gold is inflated due to overselling of physical reserves via ETFs. Is this true?
|
ETFs are options. ETFs can change the price of gold as much as you betting on red can change the probability that the roulette ball lands on a black number.
If anything, overselling (increasing the supply) would keep the price of gold artificially down, which is the common conspiracy theory.
If you want to "invest in gold", dont buy gold etfs. they are worth nothing. pure gambling tools. if the doomsday scenarios hit (the times when you want to rely on your gold), nobody will give a shit about a piece of digital paper you own saying youre entitled some amount of gold.
Quote:
Originally Posted by rusvik
Also, does gold have to be registered and can you legally carry it over borders? Can the gov rip out my gold teehth if they please?
|
You can carry it legally over borders as long as you keep the amount marginal enough. Theres nothing wrong per se with owning gold, but they can and will just make some crap up and confiscate it. or label you one of those sovereign citizens (terrorists) and ship you over to guantanamo.
Quote:
Originally Posted by rusvik
Basically, how does one go about buying gold?
|
carefully. you can get solid gold jewelry that is a tiny bit more under the radar than running around with gold bars.