511–515 of 515 posts
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Are there any news articles about that? Bob Menendez has taken over all searches for "New Jersey" with "gold bars".
"gold bars" "new jersey" -"menendez" robberies. ?
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except that there are houses in other places besides San Francisco.. and that those prices have volatility not seen in San Francisco.. is there is a motivated-reason behind defending the house prices here? projecting stability ?
I was using SF because it's known to have had a much higher house price inflation than other places, in order to try to be charitable to your case. If you look at the overall US housing market then you need to go back a lot further than a decade to see 100% inflation.
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It’s like two seconds of googling. The biggest ones are backed by the asset. https://www.ssga.com/us/en/intermediary/etfs/funds/spdr-gold... This one even lets you convert: https://www.vaneck.com/us/en/education/investment-ideas/phys... I thought it necessary to spell it out because your understanding is clearly based on the false assumption that most of the gold investments aren’t backed.
Another poster (tim333) made a great summary of the concept behind GLD (your first link) a few posts up. Those backed assets are otherwise owned and loaned against. IShares is the other one with a similar concept. You can read up on this in the context of Basel 3's net stable funding ratio and the exemption LBMA (the biggest backer of COMEX) achieved. https://www.gold.org/goldhub/gold-focus/2021/06/basel-iii-an... Or…
A /GC futures contract—-even with physical settlement—- is not paper gold because two parties can create the contract without any actual gold existing anywhere.
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It's actually better to trade coins which are easily verifiable in weight and size than bars that you can't measure (size or weight) because they are in packages.
All you have to verify on the packed gold is that the package hasn't been tampered with. Loose gold would also need metallurgical purity tests. Who cares if the weight is right if it's just lead with a thick gold plating.
They are not placing fake gold into real packaging. They are manufacturing the counterfiet packaging themselves.
Gold-plated lead would instantly be discovered if it was measured by weight AND dimensions.