chinas big gold rush , page-65

morning energetic ones

for me the most sensible posts here came from Twinsen -

i like gold, i have prospected it, mined it and own it in physical and i also own mining shares ---------

but i treat it all as insurance - and most times insurance comes at a cost - so be it.

We often overlook some of the 'in your face obvious things' about gold - physical gold ie.

Eg. When we look at some hypothetical examples like holding gold for 100 years as an investment compared to holding a house for the same time - what is the difference? - well we conveniently overlook how much cost would have been spent on maintaining the house - can you imagine the cost of maintenance over a century??? - astronomical i would suspect.
We also overlook the cost of personal hours in maintaining the investment.
We also overlook the clearly obvious - that the gold would only have storage cost - and assuming it was in a hole out the back - that would be indeed - zip.
Also - no matter what you did as long as you left it where it was - the gold would come up out of the hole in exactly the same condition that it was 100 years ago --------- with absolutely NO personal hours being invested in the maintenance.

and that, my friends is a hell of an investment quality.

Don't overlook the obvious.