American Capital Agency Corp. Message Board
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my first buys of the year ,,,they are OT
a third of a position in GLD, EXK, AG .
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arwen looks like the Clown Possee has only answered your post. Looks like you have a "bunker mentality" with metal commodity. GLD as you know the amount of Gold in your account will go down over time to pay storage expences. I think everyone should have some Gold. But i prefer Bullion coins in a safe deposit box because the amount of Gold is constant and the safe deposit box is useful for other things as well. But you can trade GLD quick and cheap. The bad thing about gold is it just sits there and pays no Dividends. I like 10-15% in Gold at the present time and may raise it.
- 3 Replies to mr.phil2u
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The cost of "Storage" for the GLD etf is 0.40% per year. Thats pretty low for that much liquidity.
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i have changed somewhat
i now have in metal theme NEM,PZG,AG,EXK,GDXJ,PHYS,PSLV and loading up more if it continues down.
I ALSO BOUGHT 500 OF APPLE YESTERDAY with +5% order. GL -
PHIL...IF YOU OWNED GOLD COINS YOU WOULD KNOW THE OTHER PROBLEMS WITH HOLD ANYTHING BUT RARE COINS. I'M SO SURPRISED YOU WOULDN'T INFORM YOUR BUDDIE...WHY?? ARWEN THE FACTS ARE GOLD IS A VERY DIFFICULT INVESTMENT. I'VE OWNED IT FOR YEARS. THE BASIC PROBLEM IS HERE. You cannot use it at the grocery store. Only dealers. So the dealers watch the market and adjust their " PREMIUMS" on both sides of the trade. So you pay more than spot. They buy back at less than spot. and that is a hefty premium. So small investors who hold long periods can profit. I was in at $245...a few years back so when $1500 came. I sold most of mine. but rare coins. and Silver too are goode investments.
But unless you have a bank that trades gold. The dealers are like PAWN BROKERS. They get the lions share.
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if OT then y u typying the acronisms such as GLD, ERX, AG, AT, ZIV ,XIV, andVXX 4 EXAMPLE,lter dude off to hong kong exchange via HSBC trading account 4 free ,,premier ac,later
Sentiment: Strong Sell
- 1 Reply to karmakahuna
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can you translate second half of your post please?
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Bump
- 1 Reply to combo_hat_trick
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BUMP BY REITS R US....
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