muses of the moment

June 13, 2012

Paper gold is paper money

Filed under: ETF, Gold and Silver Investing, Precious metals — totallygroovygirlfriday @ 1:40 am

All muses of the moment readers should know by now that paper gold is not physical gold, but just as a reminder to any newcomers.

Do you know where your gold is?

Click here.

It is estimated (actually admitted at one point) that physical gold is leased out to multiple parties at 100:1. This is on the low side. Just as investors lose confidence in fiat currencies, so they will lose confidence in paper gold.

You can hold part in paper gold, but understand the limits of the investment.

Just like your brokerage account, if it is not in your physical possession, it is not necessarily yours 24 hours a day 7 days a week.

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