Topic: Physical or Paper Gold? Why? - page 2. (Read 2351 times)
Physical gold any day because I could test to see its authenticity and carats unlike paper gold, I can also feel it in my palms . It is malleable and ductile and also a heavy metal with a lot of uses and properties. Physical gold is not traded in futures market unlike paper gold.
Paper gold eh. I dont see anything wrong wirh that. But can you feel that you really own a gold? It is different with a physic gold. Try to hand that paper gold that you are saying to one of your sons or grandson if you have one. They wont care.
The look of the gold itself makes it wortg to buy it. You want to keep it and maybr make it your own baby. Just saying man.
I dont want a paper that just says I own part of that gold which is not on my hand.
The look of the gold itself makes it wortg to buy it. You want to keep it and maybr make it your own baby. Just saying man.
I dont want a paper that just says I own part of that gold which is not on my hand.
Some people says physical gold is more important, I should have physical instead of paper gold. But I dont understand why.
I trade easily in paper gold, spread is low so I lose less while trading. Banking system is powerful in my country, Turkey.
Physical gold can be stolen easily, I dont prefer having gold in my home, it is so dangerous imo, thieves are everywhere in my hood
What do you think?
edit: Guys I have read all your comments but still not satisfied. You all say that paper gold is not gold itself, just a promise; so having physical gold is more trusting even there is a possibility of theft.
Maybe I understand something different when saying paper gold.
Gold account at banks such as HSBC, BNP Paribas or ICBC is really less safer than keeping the gold at home?? And even if these accounts are guaranteed by the government up to $30k in each account?
I trade easily in paper gold, spread is low so I lose less while trading. Banking system is powerful in my country, Turkey.
Physical gold can be stolen easily, I dont prefer having gold in my home, it is so dangerous imo, thieves are everywhere in my hood
What do you think?
edit: Guys I have read all your comments but still not satisfied. You all say that paper gold is not gold itself, just a promise; so having physical gold is more trusting even there is a possibility of theft.
Maybe I understand something different when saying paper gold.
Gold account at banks such as HSBC, BNP Paribas or ICBC is really less safer than keeping the gold at home?? And even if these accounts are guaranteed by the government up to $30k in each account?
Physical is better if you dont trust your banking system or gold dealer who gives you paper saying you own some gold stashed somewhere. When Greece was in trouble all banks were closed, so even if you had gold in their safe you couldnt easily get it. If you use it for short term trading then paper gold is better, cause its less likely you'll get robed, especially if you live in not so safe neighbourhood. Safest way to keep your physical gold is not talking about it. Only you should know how much you have, and where it is stashed.
If you don't touch the gold then you can't count that you already hold or own 100% the gold because something outside can happen. You may think that it is safer to hold the paper gold because it is less risky since you don't hold it physically but if you lose this letter you may lose the gold ??
Paper gold means that you put it , save in bank or any other institutions and you have the paper for it. It is better unless the holding authority scam or runs away with gold which is highly unlikely to happen. If you have physical gold, there is chances of theft so its better to keep it under locks of banks.
But you are going to pay for that, don't you? What I worry more is that if the people like more to trade gold and are regular trader then it's much better to have this paper gold rather than having the physcial gold to trade because it is much harder to trade comparing with online.
If you're playing the gold market, I would think paper gold would be good enough. You can get in and out quickly, and you don't have to worry about storing it, as you mentioned. You're basically laying bets on the gold price, so if that's your plan you don't need to hold it. Only goldbugs and hard-money enthusiasts insist on having physical metal. I've heard that so many times, it's ridiculous.
Why does it matter what we think, anyway? Are you happy with 'paper gold'? If so, just stick with it and don't listen to anyone here. Including me.
This is where GoldMoney fits perfectly. In and out quick.Why does it matter what we think, anyway? Are you happy with 'paper gold'? If so, just stick with it and don't listen to anyone here. Including me.
My affiliate link.
http://goldmoney.com/r/Eo9lgo
If you don't touch the gold then you can't count that you already hold or own 100% the gold because something outside can happen. You may think that it is safer to hold the paper gold because it is less risky since you don't hold it physically but if you lose this letter you may lose the gold ??
Paper gold means that you put it , save in bank or any other institutions and you have the paper for it. It is better unless the holding authority scam or runs away with gold which is highly unlikely to happen. If you have physical gold, there is chances of theft so its better to keep it under locks of banks.
If you're playing the gold market, I would think paper gold would be good enough. You can get in and out quickly, and you don't have to worry about storing it, as you mentioned. You're basically laying bets on the gold price, so if that's your plan you don't need to hold it. Only goldbugs and hard-money enthusiasts insist on having physical metal. I've heard that so many times, it's ridiculous.
Why does it matter what we think, anyway? Are you happy with 'paper gold'? If so, just stick with it and don't listen to anyone here. Including me.
Why does it matter what we think, anyway? Are you happy with 'paper gold'? If so, just stick with it and don't listen to anyone here. Including me.
Some people says physical gold is more important, I should have physical instead of paper gold. But I dont understand why.
I trade easily in paper gold, spread is low so I lose less while trading. Banking system is powerful in my country, Turkey.
Physical gold can be stolen easily, I dont prefer having gold in my home, it is so dangerous imo, thieves are everywhere in my hood
What do you think?
I trade easily in paper gold, spread is low so I lose less while trading. Banking system is powerful in my country, Turkey.
Physical gold can be stolen easily, I dont prefer having gold in my home, it is so dangerous imo, thieves are everywhere in my hood
What do you think?
the key part is what i made bold.
as others have said when you are using paper gold, it is a promise not gold itself. i agree that it is easier and more convenient but can you be absolutely sure that the promise they made to you will never be broken? if so trade away and have fun.
in any case both methods have their own risks.
for example buying physical gold is not only makes you susceptible to thievery but also it is always the risk of buying fake gold (e.g. there are some fake gold coins looking just like the real ones flying around in my country).
I think it is easier to do trading with paper gold, but somehow i prefer physical gold where i can touch and keep in any place i want, i feel more secure with physical gold, modern people now prefer storing their gold in paper gold because it is more efficient
I better recommend you a line item between paper and physical gold i.e. having physical gold and deposit it with bank. In this way, you would have around 1-2% yearly profits on your gold and can liquidate again in Gold anytime with increased amount. In my country (India), government has recently launched scheme related to as said above and scheme is great success!
here we have safe in our banks where one can put their gold for saving but you will service charges on it. and their services charges too more therefore it become more expensive to save gong and then keep it in bank because of security issues. therefore i will always recommend investment and not saving in any form.
A good solution to this is Gold Money. I buy a little with every paycheck. 1% fee in and out. Can't beat it.
http://goldmoney.com/r/Eo9lgo
http://goldmoney.com/r/Eo9lgo
Comex is currently leveraged 542:1 on gold.
That means there are another 541 people who think they own the same oz of gold you do.
Soon or later this will end in tears.
If you want to trade in gold but not take physical delivery you could opt for an allocated account with a trusted company such as Perth Mint, Bullionvault or Goldline. They all have independant audits so the gold they claim they hold for you is acutally there.
That means there are another 541 people who think they own the same oz of gold you do.
Soon or later this will end in tears.
If you want to trade in gold but not take physical delivery you could opt for an allocated account with a trusted company such as Perth Mint, Bullionvault or Goldline. They all have independant audits so the gold they claim they hold for you is acutally there.
guys you say that paper gold is invested just 1-2 hundred years ago but you invest crypto currency which is invented just a few years ago. how do you explain that?
I understand that none of you have bitcoin in online wallets. all of you should have stored your cryptowealth offline
you say that paper gold is invested just 1-2 hundred years ago but you invest crypto currency which is invented just a few years ago. how do you explain that?I understand that none of you have bitcoin in online wallets. all of you should have stored your cryptowealth offline
I understand your point of view, sounds paradoxical and maybe it is, what happens is that when a thing is disruptive, you do not have much time to stay thinking about this, similar to years or so,of that way many people see a lot of potential more than paper gold, and is verified in the result of the last years, but yes the risk will always exist, on the contrary when you see that the value of paper over the years sometimes loses its full value sometimes you realize that it is perhaps the worst option and guides some to other more attractive ways of investment. Maybe that's why some prefer to invest in crypto, I guess.
You know nothing about physical gold as it has heat absorption capability and can block all sorts of radiations and where there is treasure usually snakes are around is because gold can warm their blood, expensive electronics mostly are priced high for gold used in making them.
And of course when there is a war paper gold worth zero but from the dawn of civilization gold has won wars for nations.
Thousands of years fake religions used people's faith as a tool to get more gold from them, and btw gold is fused in less than a second when a star explodes, in fact all the elements heavier than helium are produced in fusion process in matter of seconds and also earth's core is 30% pure gold.
And of course when there is a war paper gold worth zero but from the dawn of civilization gold has won wars for nations.
Thousands of years fake religions used people's faith as a tool to get more gold from them, and btw gold is fused in less than a second when a star explodes, in fact all the elements heavier than helium are produced in fusion process in matter of seconds and also earth's core is 30% pure gold.
Though I like shiny coins as much as a Meowth 
I'd be a bit uncomfortable storing gold at home unless I can have a safe made. I understand the doubts with banks though. After all no one knows what could happen to banks. Heck, we can't even be sure if the gov't would go keep its promise of giving you the insured money should bank fail.
This. I watched somewhere that Europeans have been using some sort of notes so they don't have to carry gold during their travels but it really goes down to trust. As for the Chinese, they started using paper money mainly because they start to run out of metals. When large amounts of silver started flowing from the Americas, traded to China by the Spanish, they started to use silver for coinage again.
I'd be a bit uncomfortable storing gold at home unless I can have a safe made. I understand the doubts with banks though. After all no one knows what could happen to banks. Heck, we can't even be sure if the gov't would go keep its promise of giving you the insured money should bank fail.I'll say it again. Physical gold has been real money for thousands of years. Paper gold/money has been around since paper was invented a couple hundred years ago, its new in historical terms. Physical gold will always be money. No government or person can change that. Paper can be diluted and destroyed. Promises of redemption can be broken. Only real physical gold will survive any paper money crisis.
This. I watched somewhere that Europeans have been using some sort of notes so they don't have to carry gold during their travels but it really goes down to trust. As for the Chinese, they started using paper money mainly because they start to run out of metals. When large amounts of silver started flowing from the Americas, traded to China by the Spanish, they started to use silver for coinage again.
Some people says physical gold is more important, I should have physical instead of paper gold. But I dont understand why.
I trade easily in paper gold, spread is low so I lose less while trading. Banking system is powerful in my country, Turkey.
Physical gold can be stolen easily, I dont prefer having gold in my home, it is so dangerous imo, thieves are everywhere in my hood
What do you think?
It is fully dependent on your purposes. If you are only looking for trading purposes then ETF kind of paper gold is more appropriate for you rather than risking with physical gold.I trade easily in paper gold, spread is low so I lose less while trading. Banking system is powerful in my country, Turkey.
Physical gold can be stolen easily, I dont prefer having gold in my home, it is so dangerous imo, thieves are everywhere in my hood
What do you think?
that's right. I trade gold and unlikely keep it more than a few months.
If you use to trade gold, in this case its better the paper gold. But most users thing about gold as an store of value to keep safe for large time and in this case physical gold is better.
Some people says physical gold is more important, I should have physical instead of paper gold. But I dont understand why.
I trade easily in paper gold, spread is low so I lose less while trading. Banking system is powerful in my country, Turkey.
Physical gold can be stolen easily, I dont prefer having gold in my home, it is so dangerous imo, thieves are everywhere in my hood
What do you think?
It is fully dependent on your purposes. If you are only looking for trading purposes then ETF kind of paper gold is more appropriate for you rather than risking with physical gold.I trade easily in paper gold, spread is low so I lose less while trading. Banking system is powerful in my country, Turkey.
Physical gold can be stolen easily, I dont prefer having gold in my home, it is so dangerous imo, thieves are everywhere in my hood
What do you think?
that's right. I trade gold and unlikely keep it more than a few months.
guys you say that paper gold is invested just 1-2 hundred years ago but you invest crypto currency which is invented just a few years ago. how do you explain that?
I understand that none of you have bitcoin in online wallets. all of you should have stored your cryptowealth offline
you say that paper gold is invested just 1-2 hundred years ago but you invest crypto currency which is invented just a few years ago. how do you explain that?I understand that none of you have bitcoin in online wallets. all of you should have stored your cryptowealth offline
Some people says physical gold is more important, I should have physical instead of paper gold. But I dont understand why.
I trade easily in paper gold, spread is low so I lose less while trading. Banking system is powerful in my country, Turkey.
Physical gold can be stolen easily, I dont prefer having gold in my home, it is so dangerous imo, thieves are everywhere in my hood
What do you think?
It is fully dependent on your purposes. If you are only looking for trading purposes then ETF kind of paper gold is more appropriate for you rather than risking with physical gold. If you are able to safeguard your storage and able to manage properly your physical gold for buying and selling purposes then there would be no differences between physical gold and paper gold.I trade easily in paper gold, spread is low so I lose less while trading. Banking system is powerful in my country, Turkey.
Physical gold can be stolen easily, I dont prefer having gold in my home, it is so dangerous imo, thieves are everywhere in my hood
What do you think?
Based on your purposes and your capability, just choose the right one.
As long as you know how to hide the gold, physical is the best because you actually own it. Think about this way: If you can't lick it, you don't own it. That piece of paper may not mean shit especially when your country is being ruled by a dictator. I wouldn't trust papers if i were you. For you, bitcoin is the most safest choice. If not, go for the physical gold coins.
Check this website it gives you great hints about where to hide your gold:
https://goldsilver.com/blog/how-to-hide-your-gold-and-silver/
Bear in mind, thieves also read those articles so you need to be smarter and more creative but those articles will give you a good starting point.
Check this website it gives you great hints about where to hide your gold:
https://goldsilver.com/blog/how-to-hide-your-gold-and-silver/
Bear in mind, thieves also read those articles so you need to be smarter and more creative but those articles will give you a good starting point.
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