Careful with your gold "investments"

[ThomasSoerensen]

I guess this is in particular to Mr. DimPrawn and Mr. Benes

41% Of Belgian Central Bank Gold Has Been Lent Out | zero hedge

It seems the only way to be sure yuo have invested in gold is to hold it in your hands.

Good luck with all your investments.

[Paddy]

Max Keiser | Markets Finance Scandal.

[Old Greg]

Who'd have thought Olivia Newton-John would have turned out to be so savvy.













"Let's get physical, physical."

[ThomasSoerensen]

Who'd have thought Olivia Newton-John would have turned out to be so savvy.













"Let's get physical, physical."

[amcdonald]

Ooops I thought gold was as safe as gold (can't say houses they're tulip)

[amcdonald]

HTF do you "lend" gold?

Because you can buy gold without ever actually seeing it, so how would you know if they lend it out ?

[Paddy]

Ooops I thought gold was as safe as gold (can't say houses they're tulip)

Gold is safe, its paper gold that's not safe.

[PAH]

Aha! A plan B. Selling the same chunk of gold 97 million times. Sorted.

Well they've been doing it with cash for ages. Hence why banks are so scared of runs on them. For every pound in savings they accumulate they lend xx out. I think it's called leveraging.

I am getting very nervous of how to secure the value of my warchest for the medium term. Sterling devaluing due to inflation, gold/silver already in a bubble and so could crash as it has in the past. Property the same. Stock market shaky if PIIGS go to the slaughter.

Maybe I should invest in an alternative load of assetts, such as a rare DVD collection. e.g. I ordered the Married With Children box set yesterday (Al Bundy is a legend!), from Amazon.ca as it works out at only £29 + shipping/import VAT etc from Canada, yet closer to 100 quid everywhere else, and not widely available in the UK.

I wonder what other canny assetts I can invest in that I also get to enjoy whilst holding them.

[doodab]

Well they've been doing it with cash for ages. Hence why banks are so scared of runs on them. For every pound in savings they accumulate they lend xx out. I think it's called leveraging.

It's called fractional reserve banking.

Leveraging refers to the practice of borrowing money to invest so that your own capital is only a fraction of that invested. This multiples the magnitude of any gains or losses relative to your stake.

I am getting very nervous of how to secure the value of my warchest for the medium term. Sterling devaluing due to inflation, gold/silver already in a bubble and so could crash as it has in the past. Property the same. Stock market shaky if PIIGS go to the slaughter.

Maybe I should invest in an alternative load of assetts, such as a rare DVD collection. e.g. I ordered the Married With Children box set yesterday (Al Bundy is a legend!), from Amazon.ca as it works out at only £29 + shipping/import VAT etc from Canada, yet closer to 100 quid everywhere else, and not widely available in the UK.

I wonder what other canny assetts I can invest in that I also get to enjoy whilst holding them.

Look at things they aren't going to make any more of. Vintage musical instruments, classic cars, that sort of thing.

[ThomasSoerensen]

It's called fractional reserve banking.

Leveraging refers to the practice of borrowing money to invest so that your own capital is only a fraction of that invested. This multiples the magnitude of any gains or losses relative to your stake.



Look at things they aren't going to make any more of. Vintage musical instruments, classic cars, that sort of thing.

Well they've been doing it with cash for ages. Hence why banks are so scared of runs on them. For every pound in savings they accumulate they lend xx out. I think it's called leveraging.

I am getting very nervous of how to secure the value of my warchest for the medium term. Sterling devaluing due to inflation, gold/silver already in a bubble and so could crash as it has in the past. Property the same. Stock market shaky if PIIGS go to the slaughter.

Maybe I should invest in an alternative load of assetts, such as a rare DVD collection. e.g. I ordered the Married With Children box set yesterday (Al Bundy is a legend!), from Amazon.ca as it works out at only £29 + shipping/import VAT etc from Canada, yet closer to 100 quid everywhere else, and not widely available in the UK.

I wonder what other canny assetts I can invest in that I also get to enjoy whilst holding them.

I am not sure why you want thses strange assets. They might not even qualify as assets, you will only know they day you try to sell them. This kind of assets will require you to pay for storage and keep them in controlled conditions, don't let the kids scratch those Al Bundy DVDs, etc.

Something more conventional like CHF might be interesting, depending on your temper and personal preferences of course.