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Topic	i have $12k sitting in a shitty wells fargo savings account
gloBal enemy 10/17/19 10:37:51 AM #15:	xsouljah posted... Convert it to gold bullion Depends why you want to convert to gold. There's plenty of other ways to get the speculative gains/losses on commodity price movements without owning physical. It's considered a flight to safety type of asset, popular during times of economic uncertainty/turmoil. That being said, I actually used to trade in both physical and derivatives. Physical is actually much more expensive to do but I also used leverage. For derivatives, you can just buy instruments which mimic the global price of gold (which is sortof backed by physical gold) without having to go through the hassle of carrying/holding costs, going through a commodity trading desk, etc. --- If you can understand this, I'm 2/cosC for you. <cite>gloBal enemy posted [p:928880784] in i have $12... [t:78090020]...</cite> <quote>xsouljah posted... </cite> <quote>Convert it to gold bullion</quote> Depends why you want to convert to gold. There's plenty of other ways to get the speculative gains/losses on commodity price movements without owning physical. It's considered a flight to safety type of asset, popular during times of economic uncertainty/turmoil. That being said, I actually used to trade in both physical and derivatives. Physical is actually much more expensive to do but I also used leverage. For derivatives, you can just buy instruments which mimic the global price of gold (which is sortof backed by physical gold) without having to go through the hassle of carrying/holding costs, going through a commodity trading desk, etc. --- If you can understand this, I'm 2/cosC for you.</quote> ... Copied to Clipboard!
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