Comments on: Turn your gold into cats

By: Fi Lyone

Fi Lyone — Wed, 07 Sep 2011 22:33:31 +0000

Cats offer a far better rate of interest, compared to gold.

http://cats4gold.com/mews/index.php/2011/08/gold-vs-cats-infographic/

By: The Investor

The Investor — Sat, 21 Nov 2009 16:45:17 +0000

I guess it sounds a deal. Maybe I can get a hairshirt for my Jesuit monkish cloisters with gold tassels to play in the game…

By: Don’t Post Your Gold! / Money Watch

Don’t Post Your Gold! / Money Watch — Fri, 20 Nov 2009 09:02:45 +0000

[...] (Via Monevator) [...]

By: Financial Samurai

Financial Samurai — Fri, 20 Nov 2009 00:55:20 +0000

Monevator – The good ting about the Patek Annual Calendar RG is that one can get it for under $30,000 in this soft market now new! I’m so tempted! Someone is selling one now, brand new in box, asking $28,000 due to a divorce.

$28,000 sounds like a lot, but not if you can sell it for $35,000 a month later!

Gold going higher helps justify the wasteful spending of watches, at least for me.

By: The Investor

The Investor — Thu, 19 Nov 2009 22:17:24 +0000

Great spot, thanks for sharing Lemondy!

By: Lemondy

Lemondy — Thu, 19 Nov 2009 21:22:33 +0000

Also, a hot tip: the SocGen research notes are available through “hidden” URL’s but people sometimes link to them from public sites, and the All-Seeing GoogleBot tracks them down.

http://www.google.co.uk/search?q=%22Dylan+Grice%22+site:www.sgresearch.socgen.com

By: Lemondy

Lemondy — Thu, 19 Nov 2009 20:13:28 +0000

Interview with Dylan Grice in the FT Money podcast (which has some gems), where he talks about gold amongst other things (22 mins in):

http://podcast.ft.com/download/22/604/2009_11_06_msdylan.mp3

-*- Lemondy -*- still not buying gold- but still hanging on to the Kruggerand I got given as a kid

By: The Investor

The Investor — Thu, 19 Nov 2009 15:45:53 +0000

Hah, wouldn’t you be too nervous to every wear it, even if such bling appealed? (My tastes are rather more spartan than yours, FS ).

Seriously though, while I think the Samurai has his tongue in his cheek, readers should be aware that buying jewelry or other products made with gold is not a pure play on the price.

Besides the risk of it getting stolen or broken on a night on the town, your pseudo-investment will fluctuate with the whims of fashion, not to mention the fact that like any new item you’ll be paying a huge mark up buying new that will immediately vanish once you take possession.

Even buying pure gold to hold in your own home or bank box suffers from this sort of problem; besides the retail markup, the gold needs to be re-tested, before it can be declared pure again, which all costs money.

Personally if/when I ever buy gold again, I’ll use an ETF or if scared of financial collapse perhaps a service like Gold Bullion.

If the price had really dropped I’d consider buying something like old British sovereigns or other coins, to have the gold to hand, but they’re not immune to the problems above and I’d want to see bargain basement prices accordingly.

Hmm, my waffley comments would be posts on some blogs! I’m not so verbose in real-life.

Anyway, thanks for your thoughts FS!

By: Financial Samurai

Financial Samurai — Thu, 19 Nov 2009 14:09:33 +0000

Wow, Dylan has a $6,300 potential Target Price?! Sweet!

I tell ya, the Patek Philippe rose gold annual calendar watch for $42,000 retail sure looks more and more attractive!

Let me call my watch broker now……..

I’m allergic to cats, so cats4gold can have em all!