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Where are you putting your dosh?
flower
post Posted: Feb 9 2012, 08:24 PM
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In Reply To: maxwellreid's post @ Feb 9 2012, 07:34 PM

Max---never have held any physical PM.

Surely it all depends on why you bought it any physical metal in the first place and how you bought it:

Was it bought as an insurance policy against a complete currency collapse?
Was it bought as a trading proposition?
Was it bought in bar form or medal form?

Lastly--would you not agree you get a much larger % increase (leverage) by holding ASX producers shares than the physical,surely the costs of buying/selling/storing are big minuses against holding the physical?



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Combining Fundamental comments with Fundamental charts.
 
maxwellreid
post Posted: Feb 9 2012, 07:34 PM
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In Reply To: flower's post @ Feb 9 2012, 06:56 PM

physical platinum makes sense.

1. Cost of production is higher (and getting higher) than gold
2. 30+ rarity factor
3. Some countries have an affinity to it - Japan
4. Industrial use (this is what's pushing the price down)
5. Politically insecure with most located in Southern Africa.
6. Less $ per ounce than Gold - for now

Is it cheap? Who knows?

Max



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"A man lives a life shorter than a hundred years but worries a worry a thousand years long"
 
flower
post Posted: Feb 9 2012, 06:56 PM
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In Reply To: maxwellreid's post @ Jan 27 2012, 09:12 AM

So where do you put your dosh?

Rigorously selected ASX listed Oil and Gold (gold only--not copper/gold mixture) stocks.

Rationale: International financial uncertainty, weaker USD, gathering inflation, ongoing Middle East situation affecting oil producing nations, as trading propositions only.




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Combining Fundamental comments with Fundamental charts.
 
maxwellreid
post Posted: Jan 27 2012, 09:12 AM
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the world has the jitters and the short mood swings takes it from "risk off" (US Treasuries) trade to the "risk on" trade (Commodities,Asia,Shares)

I see India may buy oil from Iran with gold/food/steel? - I bet they get a discount.

http://www.khaleejtimes.com/DisplayArticle...n=international.
In the old days they (British) would blockade the ports, for commercial gain. Today the US blockades the flow of money and for what gain? "World Peace" as the beauty contestant said

"For some time, India routed its payments through a German bank and later a Turkish bank, but the US sanctions have made these options unviable. "

China is increasing it's gold reserves and doing deals with other countries in non US currencies.

In the Great Depression, the biggest mistake (like today, there are a few, imho) was to bring in trade barriers. Today the West are using barriers to the free flow of money. FATCA comes to mind. Currency wars..
It is looking like the Great Financial Depression is well underway.

So where do you put your dosh? Me, I am trying to get some assets where people work hard and where there is no middle class welfare.



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"A man lives a life shorter than a hundred years but worries a worry a thousand years long"
 
 



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