Comments on: India Sells Dollars, Buys Gold, What Does it Mean? http://agmetalminer.com/2009/11/05/india-sells-dollars-buys-gold-what-does-it-mean/ Sourcing & Trading Intelligence for Global Metals Markets Wed, 23 May 2012 13:00:20 +0200 hourly 1 http://wordpress.org/?v=3.3.2 By: News Roundup-Birthday Edition | Practical Prepper http://agmetalminer.com/2009/11/05/india-sells-dollars-buys-gold-what-does-it-mean/comment-page-1/#comment-18931 News Roundup-Birthday Edition | Practical Prepper Mon, 09 Nov 2009 16:14:39 +0000 http://agmetalminer.com/?p=1887#comment-18931 [...] India Sells Dollars Buys Gold What Does It Mean? [...] [...] India Sells Dollars Buys Gold What Does It Mean? [...]

]]> By: Vincent Cate http://agmetalminer.com/2009/11/05/india-sells-dollars-buys-gold-what-does-it-mean/comment-page-1/#comment-18924 Vincent Cate Sat, 07 Nov 2009 04:26:01 +0000 http://agmetalminer.com/?p=1887#comment-18924 "If you are an executive with a few hundred thousand dollars sitting unused and unneeded in your bank then yes you can go buy ETF’s" The minimum purchase for the GLD ETF is worth a bit under 1/10th of an oz of gold, or about $108 right now. You do not need thousands of dollars to invest in gold ETFs. “If you are an executive with a few hundred thousand dollars sitting unused and unneeded in your bank then yes you can go buy ETF’s”

The minimum purchase for the GLD ETF is worth a bit under 1/10th of an oz of gold, or about $108 right now. You do not need thousands of dollars to invest in gold ETFs.

]]> By: stuart http://agmetalminer.com/2009/11/05/india-sells-dollars-buys-gold-what-does-it-mean/comment-page-1/#comment-18922 stuart Fri, 06 Nov 2009 10:24:10 +0000 http://agmetalminer.com/?p=1887#comment-18922 Hal, Vincent, I knew that line would draw some responses. If you are an executive with a few hundred thousand dollars sitting unused and unneeded in your bank then yes you can go buy ETF's, or buy physical gold but the vast majority of Americans are not in that fortunate position. They are struggling with mortgages, worried they may lose their job or saving to pay college fees if they are lucky enough to have kids that make it to college. Don’t judge all Americans by your own standards, most people aren’t that lucky. Nor is buying physical gold such a great deal, by the time you have paid dealing margins and lost the finance cost the gold price has to move substantially to see you a return worth having. So I stand by my comment most US citizens will have to accept the rise in import costs, inflation and cost of living that a weakening dollar will bring. May be some of them will be lucky enough to be in export industries that will prosper with a weaker dollar. I am not saying a weaker dollar is a bad thing, but it will impact all of us differently. Hal, Vincent, I knew that line would draw some responses. If you are an executive with a few hundred thousand dollars sitting unused and unneeded in your bank then yes you can go buy ETF’s, or buy physical gold but the vast majority of Americans are not in that fortunate position. They are struggling with mortgages, worried they may lose their job or saving to pay college fees if they are lucky enough to have kids that make it to college. Don’t judge all Americans by your own standards, most people aren’t that lucky. Nor is buying physical gold such a great deal, by the time you have paid dealing margins and lost the finance cost the gold price has to move substantially to see you a return worth having. So I stand by my comment most US citizens will have to accept the rise in import costs, inflation and cost of living that a weakening dollar will bring. May be some of them will be lucky enough to be in export industries that will prosper with a weaker dollar. I am not saying a weaker dollar is a bad thing, but it will impact all of us differently.

]]> By: Vincent Cate http://agmetalminer.com/2009/11/05/india-sells-dollars-buys-gold-what-does-it-mean/comment-page-1/#comment-18918 Vincent Cate Fri, 06 Nov 2009 02:12:56 +0000 http://agmetalminer.com/?p=1887#comment-18918 It is very strange to say that "unlike most US citizens who cannot hedge against a fall in their country’s currency, central banks can" right after talking about "the massive flow of money into ETF gold". The US citizens are allowed to buy gold these days, and with an ETF it is as easy as any stock or mutual fund. Clearly many are doing so. Gold hedges against paper money for individuals or central banks without any particular favoritism for one or the other. It is very strange to say that “unlike most US citizens who cannot hedge against a fall in their country’s currency, central banks can” right after talking about “the massive flow of money into ETF gold”. The US citizens are allowed to buy gold these days, and with an ETF it is as easy as any stock or mutual fund. Clearly many are doing so. Gold hedges against paper money for individuals or central banks without any particular favoritism for one or the other.

]]> By: Hal (GT) http://agmetalminer.com/2009/11/05/india-sells-dollars-buys-gold-what-does-it-mean/comment-page-1/#comment-18916 Hal (GT) Thu, 05 Nov 2009 19:45:58 +0000 http://agmetalminer.com/?p=1887#comment-18916 Don't you think though that citizens can hedge against the dollar by exchanging their currency for gold? Don’t you think though that citizens can hedge against the dollar by exchanging their currency for gold?

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