All things STOCKS

#5,401
#5,401
Velo Vol said:
You won't know any more about the long-term effects of the disease than you will about the long-term effects of the vaccine.
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If people start dropping dead like flies after the first round of vax, I will know a lot.

Carp said:
I mean this isn't your typical vaccine. There is more countries spending more money and resources to find a cure at the same time than for any other disease/virus in history.
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More than HIV?

Velo Vol said:
You won't know any more about the long-term effects of the disease than you will about the long-term effects of the vaccine.
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You side tracked me. I never said anything about being concerned about the long term affects of the vaccine. I just want to be able to have a choice to not take it.
 
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#5,402
#5,402
VolAllen said:
What is the best ticker for silver?
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TheColdVolTruth said:
SLV
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Rasputin_Vol said:
If you are just dead set on buying an ETF, go with PSLV (Sprott Phy. Silver Trust). They actually have the metal backing their fund, unlike JP Morgan and SLV.
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This is exactly what I mean with regards to these ETFs...

Buyer Beware: Gold ETFs Own No Gold

GLD INVESTORS DON’T UNDERSTAND WHAT THEY ARE ACTUALLY HOLDING

The above relatively detailed explanation how a gold ETF like GLD functions is intended to enlighten the investors of $82 billion in GLD what they are actually holding.


For wealth preservation investors, GLD doesn’t satisfy any of the criteria of holding a reserve asset like gold totally risk free.


The main problems with buying gold through GLD, as outlined above, are the following:
  • It is a paper security held within the financial system
  • It has multiple counterparty risk
  • The gold holdings are not segregated from custodians’ assets
  • It owns no gold directly
  • The gold is stored within the banking system
  • The gold held is probably rehypothecated
  • The gold is not fully insured
  • Investors have no access to their gold
Thus holding gold through GLD is no better than holding gold futures. For wealth preservation purposes, gold must be held outside the banking system in the safest private vaults in the world. The gold must be controlled directly by the investor with direct access to his gold in the vault. No other party must be allowed to touch his gold without his authorisation.
 
#5,404
#5,404
Velo Vol said:
You got bars buried in your yard?
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You can buy the bars and smaller pieces. I have not bought any recently, but the last time I did it was through a company in Oklahoma city.
Beware, unless the law has change the State of TN taxes the sale of precious metals purchased or imported in TN. It is sales or use tax. Almost 10%. Ouch!

The name of the company in Oklahoma is apmex. Apmex.com
 
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#5,410
#5,410
Lost most of my gains from last week this morning. Everything was up PM and I had limit sells queued a few cents higher. Never reached it and promptly dumped on me at the opening bell. Then compounded that by a bad entry on GNPX that I was stopped out on. It’s going to run soon, though.
 
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#5,411
#5,411
In BYFC at 1.65. Not a huge fan of the movement, but it’s a big time BLM sympathy play. Especially when companies like Netflix and the NBA announce that they are moving accounts over to black owned banks.
 
#5,414
#5,414
Orange_Vol1321 said:
So any pros/cons of buying Tesla before/after the upcoming split anyone can share?
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Tesla was trending down sharply before the announcement. Some are saying that’s why Elon decided to do it. Definitely wouldn’t buy it today. At least 1,500 or less if you buy it Pre-merger would be my entry. I’m sure the hype leading up to the split will drive the price up. Hopefully followed by a nosedive where I would gobble up what I could.
 
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#5,421
#5,421
lmoore944 said:
The craze definitely hasn't cooled off. Bitcoin up over $300 today.
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I’m not talking about the price. I’m talking about the interest and them being constantly in the news and all of the businesses that were taking initiatives to accept various crypto currencies as routine transactions. I definitely hear less about them today than I have had for the last several years. I also think higher prices come with a less stabile, more regulated economy.
 
#5,423
#5,423
Rasputin_Vol said:
This is exactly what I mean with regards to these ETFs...

Buyer Beware: Gold ETFs Own No Gold

GLD INVESTORS DON’T UNDERSTAND WHAT THEY ARE ACTUALLY HOLDING

The above relatively detailed explanation how a gold ETF like GLD functions is intended to enlighten the investors of $82 billion in GLD what they are actually holding.


For wealth preservation investors, GLD doesn’t satisfy any of the criteria of holding a reserve asset like gold totally risk free.


The main problems with buying gold through GLD, as outlined above, are the following:
  • It is a paper security held within the financial system
  • It has multiple counterparty risk
  • The gold holdings are not segregated from custodians’ assets
  • It owns no gold directly
  • The gold is stored within the banking system
  • The gold held is probably rehypothecated
  • The gold is not fully insured
  • Investors have no access to their gold
Thus holding gold through GLD is no better than holding gold futures. For wealth preservation purposes, gold must be held outside the banking system in the safest private vaults in the world. The gold must be controlled directly by the investor with direct access to his gold in the vault. No other party must be allowed to touch his gold without his authorisation.
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The people owning GLD aren't gold bugs; they aren't interested in holding any physical gold. They think gold is going up and want to profit from it. They aren't that crowd that thinks the world is about to go to hell, and in such a scenario they'll be able to exchange physical gold for goods and services.

If anybody actually thinks that (and there are people that are), I'd ask them to seriously reconsider.
 
#5,424
#5,424
05_never_again said:
The people owning GLD aren't gold bugs; they aren't interested in holding any physical gold. They think gold is going up and want to profit from it. They aren't that crowd that thinks the world is about to go to hell, and in such a scenario they'll be able to exchange physical gold for goods and services.

If anybody actually thinks that (and there are people that are), I'd ask them to seriously reconsider.
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I'm not one of those people who Believes that, but there was a case several years ago where a company had wooden bars that were painted, and the auditors missed it. Many people lost a lot of money. There is also a decent market for gold and silver bars at various markets shows. Prices somewhere between spot and what the jewelry store, coin shop sells/buys for.

I currently own gldm etf acquired 2 months ago and silver bars aquired about 10 years ago.
 
#5,425
#5,425
05_never_again said:
The people owning GLD aren't gold bugs; they aren't interested in holding any physical gold. They think gold is going up and want to profit from it. They aren't that crowd that thinks the world is about to go to hell, and in such a scenario they'll be able to exchange physical gold for goods and services.

If anybody actually thinks that (and there are people that are), I'd ask them to seriously reconsider.
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You totally missed the point. The ETFs have no gold.

What's to stop me form starting a gold ETF?
 
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