Cost Of Mining Gold


With all the talk of returning to a gold standard in some or other way, do take a look at the gold production cost in the US.

Then you will get the Buffett wisdom of not betting against the US.

Not to say that other countries challenging the US for pole position won’t provide good opportunities for agile people to make money.

wealthymatters

Bullion Alert


More than the bond market, we are likely to have a crisis in the gold and silver market.

Update the information in the video with this information :Link.

History tells us that every fractional banking system throughout the ages has collapsed under the weight of far too many liabilities piled on top of too few assets to back those liabilities.  This one eventually will collapse as well.

Going by what happened to the Hunt Brothers, the US government will step in to ward off by any means, any speculator taking on the Comex.So even while playing this bet will take less than 2% the size of the bet made by Soros against the British monetary system, we’ll have to wait for an entity not under Uncle Sam’s control to lay this bet.

Interesting Article By Hugo Salinas Price


wealthymattersI’d be surprised if such profound changes came about quickly and without war. But even a fraction of this coming true, will help gold owning Indians. And the government won’t have to go to the trouble of gold monetization schemes to get gold to be put to productive use.Of course, equally possible in such a case would be gold seizures. Read more of this post

Nilesh Shah On Gold @KotakSecurities #KotakMidCapMeet15


wealthymattersPaper Investors have a fundamental difference in thinking from those who prefer tangible assets.
His argument is that as India is the only buyer of gold, the day we all wish to sell, we will find no buyers offering a good price. Banks are prohibited by law to buy-back gold and jewelers have stocked up gold on credit.
My understanding is that, gold sold at the time of large scale distress, such as war or its aftermath, might not get us a good price in any given currency, but gold is “money” that is directly exchangeable for goods and services.
Buying gold is a statement on non confidence in the currency of any given country. And the establishment that devalues it.

 

And in anycase, Mr Nilesh Shah is wrong on fact. Indians are not the only buyers of gold.

Sovereign Gold Bonds – I’ll Pass


wealthymattersThe first I heard of the Sovereign Gold Bonds was on Dhanteras day when my bank tried to get me to purchase some of them.At the time , I was on my way out shopping  and my first thought was: Do I really want to postpone my gold purchases for a year to earn an additional 275 rupees per Rs10,000/-?Yaar, I could haggle with the jeweller and easily get that much and more off my purchases. And then, I love wearing jewellery.Do I want to give up on that pleasure and experience, multiple times a year, for as little as 275 rupees? That too in the days when one simple restaurant meal, or a taxi ride might cost that much and more? The answer then was an easy “NO”.

Later, I was to learn worse about these bonds. They are priced higher than the price of physical gold on the street. So there goes any notional interest a person might have earned! Read more of this post

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