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re: Gold (took a small short position today on 5/25)

Posted on 1/27/11 at 10:19 pm to
Posted by Tiger JJ
Member since Aug 2010
545 posts
Posted on 1/27/11 at 10:19 pm to
Anyone bought physical gold yet? I might get some allocated bars.
Posted by Y.A. Tittle
Member since Sep 2003
101971 posts
Posted on 1/27/11 at 10:38 pm to
quote:

I might get some allocated bars.
You mean like this?:
quote:

London Good Delivery Bars, which weigh approximately 400 toz (troy ounces), or 12.4kg, and are at least 99.5% pure. Each bar is stamped with a unique Serial number, the Refiner’s Assay stamp, the Fineness, and the year of manufacture, and has an unbroken Chain of Integrity guaranteed by the LBMA and its member banks and assayers. The cost of each bar is determined by its gross weight, its purity, and the price of gold on the London Market. At $600 per ounce, each bar would be worth on the order of $240,000.
How many you looking to pick up?
Posted by The Easter Bunny
Minnesota
Member since Jan 2005
45573 posts
Posted on 1/28/11 at 12:03 am to
my f-i-l has some bullion that he got back in the 70s

only person I know with physical gold that isn't jewelry
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