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I've got bullion under the floorboards. The good thing about the physical is that although the spot price tanked, the premium on physical went up massively too.
It's still worth a bit less than I bought the bulk of it for, but it's a long term investment/zombie apocolypse hedge.
Trouble is you'll have to turn it into shotgun slugs to cope with the zombies.
Well actually it's silver bullion (will be getting gold in future as HMRC caught up with me for the VAT), so I've hedged my hedge in case of werewolf apocalypse instead.
I expect to see gold sub 1000 this year. Poss 850. Not short just at the moment.
I dont personally get the apocalypse hedge idea in general. If it gets to the point i t might be useful I think it is morr likely to be a liability instead of an asset.
in terms of selling on physical provenance will be an issue.
But at least ypu know it exists and isnt just a rehypothecated piece of paper. Removes the counter party risk which could be substantial I troubled times.
3) In Asia physical gold is 20-25% more expensive than in the West.
i've not bothered looking at the charts in nearly a year, but for a couple of years previously, every single morning, without fail, they spot price would be X, and a few hours later when the market opened in the states the price would tank spectacularly - only to repeat the same nose-dive the very next day. Every day.
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