diff between gold coins and certificates

[nagatiru]

hi,
What is the difference betwen gold coins and certificate.

if we buy gold, do we need to take delivery?

what will be best way to trade?

thx n rgds
Nagaraja P

[delkulara]

What is the difference betwen gold coins and certificate.

A coin is in ones pocket.
a cerificate is like paper money,and in a crisis can crumble and become worthless.

IMO paper gold certificates deliver your money to evil.
& Gold in the physical delivers & protects one from evil.

Peace and Aloha

[vickyx]

Gold Is Perfect Asset In War Or World War Like Situations When Times Comes To Leave Your House With All Expensive Stuff And Banks And Building R Destroyed Already Your Currency Have Not Value..... Now You Can Break This Goild Coins Using Simply Stone Of The Road And Can Atract By Offering Small Piece Of The Coin For One Is Holding Food....... And You Can See Currency On The Road Mixed With Waste Papers Flying With Wind Of Wars.... Hahah.

But Of The Top Of The Market Cost I Purchased Gold Giving My All Savings On 10th Of May In India, Mumbai.... And Today I M Loosing six Thousand Rupees per Fifty Thousand.


Now Friends Now What Shall I Do ??? Tell Me ...

1) Shall I Sell It Off On Todays Rate ....

Or

2) Wait For Using This Gold At Optimum In War Like Situation.....

3) Can Gold Go Up High In Compair To Current Intrest Rate In Normal Banks ...in Near Future

Please Help Me Out.....friends

[delkulara]

Aloha vickyx

I can only give you my opinion,please follow your heart
and avoid people who TELL YOU to follow there advise exactly as what to do in your individual situation.

1.IMO do not sell it off at todays rate,for this feeds the fatcats that are manipulating the system,as they attempt to correct the gold markets.
There attempt IMO shall be short lived.

2.IMO Be very careful putting this thought stream anywhere but last on your list.

3.IMO gold price can and shall go down a bit more,then continue its normal momentum upward.
a.)As populations increase gold mining does not keep up with the jewelery & coinage demand at the same rates
b.) the use in electronic devices shall only increase demand even more as third world countries enter the computer age.
c.)Nano gold is also on the horizon,a whole new demand is created from its magical properties as a catylist.
d.)Even medicine use sits on the horizon,it has uses in cancer treatments currently being studied further & not yet available.

You seem to be looking for short term investment returns.
Gold IMO is not something to buy and sell quickly.IMO be patient & wait until the gold price goes back up to where your original purchase price is exceded by the percentage you seek profit wise.Then at that time sell some and place some in savings(bank) or some other form of stocks bonds or ventures.
It was not wise to place all of your eggs in one basket,but do not panic that you did not sell at its latest high point.
Gold price shall go back up this is the only fact that is a given.
Be patent and & think of you current situation as a picnic(middle of the day)
not a panic(end of all days).

Peace aloha & prosperity to you.

[goldprice]

Originally Posted by vickyx

But Of The Top Of The Market Cost I Purchased Gold Giving My All Savings On 10th Of May In India, Mumbai.... And Today I M Loosing six Thousand Rupees per Fifty Thousand.


Now Friends Now What Shall I Do ??? Tell Me ...

1) Shall I Sell It Off On Todays Rate ....

Or

2) Wait For Using This Gold At Optimum In War Like Situation.....

3) Can Gold Go Up High In Compair To Current Intrest Rate In Normal Banks ...in Near Future

Please Help Me Out.....friends

Hi Vikyx,

My response to your questions are below:

1)
As long as you bought physical gold with savings and you didn't borrow money to buy the gold or you didn't buy the gold on margin, the you should definitely not sell your gold.

2) Gold will become money again in the future when all fiat currencies collapse (paper money). That is when you will find your gold to be most valuable and when you will be glad you put all your savings into gold now. This time is coming sooner than many people think. Of course if you have expenses that you need to pay you can always sell some of your gold along the way.

3) In the near term, say next few months the gold price could decline, perhaps as far as $550US but it won't last for long and the gold price will be back on its way to $800 in no time. So I would say you will do better than having your money in the bank, even in the near term.

[waspgold]

Hi Guys,

I`m very curious to see if anyone can shine any light on this for me. Basically what I`d like to know is, whether Krugerrands are minted from recently refined gold, or from gold that has been in vaults for years & years? Is there anyway of knowing? Or is it just the earlier mintages that might fall into this catagary?

Waspgold