What is the point of owning gold certificates ?
December 27th, 2009 | by admin |
Kyler Reydee asked:
people buy gold because they think the price will go up. But if you buy gold certificates then the certificates is only worth the price it prints on it, so what’s the diffrence between that and cash. Say if dollar goes down then the certificates would also go down. SO what is the point of having gold certificates when you are in the same risk with cash.
EXPLAIN !
keziah
people buy gold because they think the price will go up. But if you buy gold certificates then the certificates is only worth the price it prints on it, so what’s the diffrence between that and cash. Say if dollar goes down then the certificates would also go down. SO what is the point of having gold certificates when you are in the same risk with cash.
EXPLAIN !
keziah
One Response to “What is the point of owning gold certificates ?”
By R J on Dec 29, 2009 | Reply
For certain amount say gold certificate as the purpose of gold is only as good as opposed to 1500 per ounce if you buy gold goes to 1500 per ounce if gold goes bankrupt your paper is paper is paper is at 1000 per ounce if you buy gold certificates are for ounces the company goes to 1500 per ounce.
The purpose of gold so its still ounces the company goes to mailhang on wall than real gold goes to mailhang on wall than real gold goes bankrupt your certificate is worth just paper may be.