Why do you want physical? The leverage is much better with paper and there are no delivery or storage costs. I think oil is far more likely to double in value than gold. This is just one example.
I want physical for diversification purposes again, because my portfolio is overweight paper at the moment. I tell you seriously what I have been considering. Saw on TV that there's these old subterranean nuclear bunkers that were going pretty cheap in the Midwest at some point. I'm sure that type of property has gone through the roof recently, but you could buy it for <$100k, at one point.
Because it is just paper. However, if you actually have the funds to take delivery, it is a great deal if you have access to a refinery or mint. Easy profits. No, not really. There is plenty of oil but not enough refineries.
I don't mean any disrespect, and this is probably off-topic but - are you one of those survivalist, Ron Paul worshipper, "put all your money in gold because the end is coming" types? I'm asking this in reference to your quote above.
Only easy, if you are playing the contango game by shorting a later contract while buying the front month of it, then storing the physical for the whole duration.
No offense taken... No, I am not a survivalist type at all. It's just that if I can buy a very cheap hedge for this eventuality, why forego the opportunity? As I said, all that I am trying to achieve here with gold/land is some cheap portfolio diversification. Besides, I just thought it was pretty cool to own an abandoned nuclear launch site .
All of these "perfect storm" for gold posts are somewhat entertaining. I'm not saying you're right or wrong. All I know is that is sounds incredibly similar to all the "perfect storm" for oil posts I heard last June.
Uhm no, you don't get what I'm talking about. Frankly, you just don't know what you're talking about overall, but that's besides the point.
Wow, trying to pick a fight? Yes, I do know what I am talking about, but perhaps it's not the same thing that you meant. Do me a favor and look up what contango means on Wikipedia, then come back and argue.