The little ol band from Texas. Commercial success can be had exploring the classical if fantastic remedies for injustices of the modern frontier. I bet they have gold.
A battle of ideas indeed Dazed, so true. The physical stuff is terribly romantic. One could play pirate or wear a fedora and coiled whip or maybe a shearling jacket and alpaca poncho suitable and perhaps classic western ordinance depending on your locale. An eyepatch is always kind of nice too. It’s a primal thing...it's fun to handle the coins and bars while drinking straight whisky and shouting slogans at patrons of your favorite water hole. Some chicks might dig its novel retro romance as well and one could hone their skills selling the idea that it's actually much more valuable than cash. And Peejay, silver is the go there too.
You could also bury it somewhere in a real secret place that only you know about and then if you're feeling bored a year later see how easy it is to find with your maps app and do it all over again. It would be good fun. The sound of the clink is nice too and they sure make some pretty coins these days. But don't expect to unload them fast if the Fed Chair comes out and says no to the president. Thank heavens the chair does not tweet - can you imagine?
The last climax in 2011 came with all the emotions we are chatting about and the underlying energy obviously magnified many times by an admixture of legitimate concerns and the same fever that fuels about every other asset class. Derivatives traders help fuel speculative moves and then made out again by going short when financial Armageddon was again averted. The area around 1200-1250 USD/oz held up for those who suspected central banks were far from done with their watering down of the messes we make and so now we see the middle of the post 2011 range thought to be a suitable reflection of fair value considering the unknowns we have created by altering the cost of money so much. As long as national debt reflects the behavior that creates our current consumer credit and savings issues the romance will be kept alive.
The problem for the uninitiated and people of good faith is that they suffer because of the overshoot created by trading vehicles that do not involve physical gold as you touch on in your posts. That wasn't as much an issue before anyone could trade without leaving their office or home. There is this strange mélange created where the potentially real value of gold is intermingled with the artifice created by derivatives; the victims are honest people who don't understand that side of the market or how futures and ETF's work. There is an irony that takes place as the situation evolves, however, in that sifting through that mixture of influences can be a bit rough even for seasoned futures traders
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