Fox Business News - The future of Gold

Fox Business News - The future of Gold hosted by Liz Claman

Category:

News & Politics

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• Fox
• Business
• News
• The
• future
• of
• Gold
• hosted
• by
• Liz
• Claman

[truont]

LOL! This punk says if you own gold bars you need to get them assayed to sell them. Then he says the GLD bars don't need to be assayed if you sell your GLD. HAHA! Why don't they need to be assayed?! He is basically saying, "Don't worry, trust us". Friggin tungsten pusher.

[DontTread0nMe1776]

If you don't hold it, you don't own it!!!

[chrisMcG17]

@truont GLD is the index fund. You dont need your gold bars assayed when you own GLD because you have no physical possesion of gold. You hold a "stock" of it.

[hairbones]

Wow! According to my calculations 400 (troy=31.103grams and 454 grams per pound) ounces is 27.429 lbs. And you want to trust that you actually own gold by purchasing the ETF this guy created. He says 34 lbs. And if you read the prospectus for the GLD they are not obligated to pay you for the "gold" you have purchased. It is a scam! Check out goldmoney (dot) com for true ownership/deliverability of gold.

[babaybb]

everything on the screen except the bloody date.

[captvanhalen]

i can haz a bar? no? :(

[saveGOP]

im going to cry, i wanted to invest a shit load of my money in gold like 6 months ago. fuck my life.

[tacitus7]

I don't know why he said we would have to assay gold coins....not if they are the commonly traded coins, like Eagles, Mapleleafs etc.

[TrueUSAPatriots]

Even with a gold standard, money is not completely "backed by gold." Much money does not exist on paper, yet is used in everyday spending. Everytime that a deposit of 100k is made, 95% of it doesn't even stay in the account. This is a funcion of the reserve deposit requirement. That 95k never has to be printed yet it exists.

A 100% gold standard is a bad idea for the US at present. Any one in econ will tell u that. But a partial standard could help to curtail drunken political spending

[ewffaces7]

So gold should be 6000 dollars when the US is on a gold standard? I don't think so. It should be 60000 dollar per ounce if paper is totally backed by real gold. And that can even change dramatically to the upside soon

[Tasadaru]

I agree; there is a chance that silver will go to parity with gold, even if it be for a short time. Let us face it, silver has more applications than gold. We live in an ever evolving technology age. The more tech we get, the more silver we consume. The USGS has said that by 2020 we could see silver be the first element to be extinct. Now, we obviously cannot have that happen. That means that silver has to go to a price where it is highly profitable to recycle it. So, if you're poor get silver.

[davincij15]

Type-o 1 oz of silver same 1 oz of GOLD.

MY bad.