I am pleased I hang onto my Gold Shares , We maybe entering some unknown times . Thanks to the mother country
goldfinger said
01:00 AM Jun 25, 2016
True....physical gold holders will be the real winners......only thing not being printed.....there are however Gold Shares and there are Gold Shares....years ago I purchased $1000 of Australian Intercontinental Gold....they kept promising the world on their various tenements gold discoveries.....just to stay on the Stock Exchange, they kept re-issuing 1 for every 10 shares held...did it a number of times until I only had a few of these 'super' shares left....and then I got a letter stating they were valueless and the Company was going into the Agri Business...I have a distinct feeling the money we all invested just provided sustenance to some 'no hoper' driving an old Valiant Ute round W.A. loaming with gold pans...just to hold investor interest..
Still I had more fun with those shares than I did with putting some of my Super into the old Harris Scarfe's.....invested $20,000 when they were going gangbusters opening up new stores....
if I didn't read the papers to this day I would not know that the Company went 'bum up' soon after and some former Directors started a "good" Harris Scarfe's and every shareholder had done the 'lot'.....still I was ""luckier"" than one lady Investor who had invested something like $150,000 the day before their announcement...she did the lot as well, I believe..no more shares for me...no way....I suspect the World is in for a very bumpy ride....the 'Big End' manipulators might not even be able to continue to manipulate accurately for their own benefits....that's why they are really worried..
I'll stick to my metal detectors and find my own gold....trust everyone but insist on shuffling the cards...Hoo Roo
hako said
04:36 PM Jun 25, 2016
Correct me if I'm wrong but aren't gold shares only worth the paper they are written just like paper money - just a promissory note?
Regards
brickies said
10:07 PM Jun 25, 2016
They are worth the value on the ASX on the day .Has is the price of Gold on the day if you can find a buyer .
Wizardofoz said
08:19 AM Jun 26, 2016
Gold bullion is the only "real gold" investment.
adreamer said
03:01 PM Jun 27, 2016
Correct!! something you can touch and feel is the only way to go!!
Bought a kilo of gold 1992 $4,000 today worth $60,000!!
Helen
rockylizard said
04:43 PM Jun 27, 2016
Gday...
Spot on Helen gold has always been a sensible asset.
However, it is only worth $60,000 if you sell it and then you are back in the same ball park as those who hold cash/property/shares as an asset.
Unfortunately, you can't scrape off a few ounces of your bullion and buy a new car.
Cheers - John
KJB said
04:51 PM Jun 27, 2016
Just buy several smaller packages and sell off as needed.
I am pleased I hang onto my Gold Shares , We maybe entering some unknown times . Thanks to the mother country
Still I had more fun with those shares than I did with putting some of my Super into the old Harris Scarfe's.....invested $20,000 when they were going gangbusters opening up new stores....
if I didn't read the papers to this day I would not know that the Company went 'bum up' soon after and some former Directors started a "good" Harris Scarfe's and every shareholder had done the 'lot'.....still I was ""luckier"" than one lady Investor who had invested something like $150,000 the day before their announcement...she did the lot as well, I believe..no more shares for me...no way....I suspect the World is in for a very bumpy ride....the 'Big End' manipulators might not even be able to continue to manipulate accurately for their own benefits....that's why they are really worried..
I'll stick to my metal detectors and find my own gold....trust everyone but insist on shuffling the cards...Hoo Roo
Regards
Gold bullion is the only "real gold" investment.
Correct!! something you can touch and feel is the only way to go!!
Bought a kilo of gold 1992 $4,000 today worth $60,000!!
Helen
Gday...
Spot on Helen
gold has always been a sensible asset.
However, it is only worth $60,000 if you sell it and then you are back in the same ball park as those who hold cash/property/shares as an asset.
Unfortunately, you can't scrape off a few ounces of your bullion and buy a new car.
Cheers - John
Just buy several smaller packages and sell off as needed.
KB