Commodities (including Gold BUGS)

Hi guys, I am looking at Kirkland Lake gold. They seem like decent value right now.

Barrick and other big miners don't seem the best value right now.

Anyone, have any input (good/bad) about Kirkland, or any other gold stocks to keep an eye on?

Driftmaster wrote: »

Where are you trading it

Using mt4 platform with BDSwiss as my broker.

Now Bdswiss have disabled trading oil due to it hitting negative levels but other brokers are okay. I signed up to oanda and hope to throw a long position on tomorrow morning.

All done through mt4.

AXI and Bdswiss have disabled oil and a few other brokers so maybe check out XM or Oanda.

Jim2007 wrote: »

Yes and there will be another one after that and another one after that...



So what at the end of the day it just facilitates barter in goods and services...

None of this matters, the only thing that actually matters is that the underlying asset continues to grow in wealth.

There is a reason why equities absolutely happens gold etc... over the long run:



inanimate objects can never grow wealth... they rely on fear and greed for their value.

One word sums up this post. Disingenuous.

Cute Hoor wrote: »

Can somebody give me an idea of the costs associated with buying, holding, and selling physical Gold.

According to GoldPrice Gold is now $2,035 per ounce.

If I wanted to buy 10 ounces now:
How much would I pay per ounce, would it be the $2,035 per ounce above
What are the additional costs associated with the purchase (Commission fees, VAT etc)
How much would it cost annually to hold in a secure location.
If I was holding myself how much would the insurance costs be per annum.
Any other associated costs

If I wanted to sell my 10 ounces in one years time (assuming GoldPrice Gold is then $2,500 per ounce).
How much would I get per ounce, would it be the $2,500 per ounce above
What are the additional costs associated with the sale (Commission fees, VAT etc)

All of these questions are answered on goldcore.ie, goldmoney.com and Bullonvault.com.
Good luck.

An Ri rua wrote: »

Over the last 100 years, stocks outperform everything else Jim.
But right now, which is where we are, people are buying the Fed. That is the pure definition of fear and greed. It is NOT value investing. Please feel free to show how value investing can work while the Fed buys all markets....

Did equities outperform gold in the seventies? (Not a rhetorical question...I know that gold did extraordinarily well...I've no idea how equities fared).

Jim2007 wrote: »

Yes and there will be another one after that and another one after that...



So what at the end of the day it just facilitates barter in goods and services...

None of this matters, the only thing that actually matters is that the underlying asset continues to grow in wealth.

There is a reason why equities absolutely happens gold etc... over the long run:



inanimate objects can never grow wealth... they rely on fear and greed for their value.

Yeah I know all that what's your point ? Inanimate objects can't go out of business or become insolvent.
And if you're going to wave a chart at me give it some proper labels.

Jim2007 wrote: »

So that is about 1/60th of your investing horizon, where as the chart represents 100 years and how in heavens name would you even go about investing ins socialism.... you do not what socialism is right?

The socialism I’m referring to is the central banks policy of buying up all the government debt they can ie direct monetisation which will destroy the capitalist system just like it did in Weimar a Germany to Chavez Venezuela. The only defence against this madness is precious metals and their proxies which corrupt central planners cannot counterfeit. I’m long gold and short debt monetisation.

All of this has happened before. Read Hayek A road to serfdom. The more statist solutions we get, the more the real economic life of the nation will be degraded and destroyed.

Cute Hoor wrote: »

Can somebody give me an idea of the costs associated with buying, holding, and selling physical Gold.

According to GoldPrice Gold is now $2,035 per ounce.

If I wanted to buy 10 ounces now:
How much would I pay per ounce, would it be the $2,035 per ounce above
What are the additional costs associated with the purchase (Commission fees, VAT etc)
How much would it cost annually to hold in a secure location.
If I was holding myself how much would the insurance costs be per annum.
Any other associated costs

If I wanted to sell my 10 ounces in one years time (assuming GoldPrice Gold is then $2,500 per ounce).
How much would I get per ounce, would it be the $2,500 per ounce above
What are the additional costs associated with the sale (Commission fees, VAT etc)

If you want to speculate you should buy the mining companies. When I refer to my gains, I am referring to my portfolio of mining equities.

My bullion is up over 150% but I will never sell this position. That is for my children.

Jim2007 wrote: »

And that says it all.... too much listening to the talking heads and not enough homework.

Since when have the talking heads talked about gold or indeed the obvious deterioration of western government finances since we’ve gone off the gold standard.

makeorbrake wrote: »

Did equities outperform gold in the seventies? (Not a rhetorical question...I know that gold did extraordinarily well...I've no idea how equities fared).

Gold has outperformed the Dow Jones significantly since 1971...which was when the world went off the gold standard.

But the reason gold will continue to go up into the future is that it’s chief competition for capital namely stocks and bonds are terrible value at the moment. Stocks are so overpriced on any metric you care to mention, that there is absolutely no room for debate. As for bonds, interest rates are way too low and what’s more they can never ever be raised again without crashing the over levered world economy.

The Fed tried to raise rates for a few months but were forced to reverse the policy “the Powell pivot”. As of today the Fed has committed to buying an unlimited quantity of government debt. So in order to avert a bond market collapse they have pretty much committed to destroying the world reserve currency. Once inflation arrives, and rising silver and gold prices are indicating it is near, the Fed will be trapped.

Jim can spout off whatever he likes but the fact is that gold is the only asset left.

Jim2007 wrote: »

The DJIA is a unweighted index, which means a comparison to it is useless, but is regularly used by gold bugs to convince themselves. You need to take a total return index to do a proper comparison:



You see the little black line versus the gold one? That's the reason we've yet to hear of anyone growing rich investing in gold.

Now feel free to continue trying to convince yourself....

That’s a nice graph but is also pretty meaningless. After all gold is money. If you price equities in gold then they’ve performed horribly since 1971. The dollar has lost 95% of its value since the inception of the Fed.

I have shown you the Fed is insolvent and in an liquidity trap but you have ignored that for some reason...But by all means continue to convince yourself that the current monetary debasement will end in anything other than disaster. Only when the gold price goes parabolic will you believe. Of course by then, it will be too late.